Squarespace, Inc. (NYSE:SQSP - Get Free Report) CEO Anthony Casalena sold 51,878 shares of the stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $36.24, for a total transaction of $1,880,058.72. Following the completion of the sale, the chief executive officer now owns 2,953,072 shares in the company, valued at $107,019,329.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Anthony Casalena also recently made the following trade(s):
- On Thursday, February 22nd, Anthony Casalena sold 67,230 shares of Squarespace stock. The stock was sold at an average price of $31.83, for a total transaction of $2,139,930.90.
- On Thursday, February 8th, Anthony Casalena sold 26,800 shares of Squarespace stock. The stock was sold at an average price of $31.90, for a total transaction of $854,920.00.
- On Monday, January 29th, Anthony Casalena sold 66,420 shares of Squarespace stock. The stock was sold at an average price of $32.36, for a total transaction of $2,149,351.20.
- On Friday, January 26th, Anthony Casalena sold 59,935 shares of Squarespace stock. The stock was sold at an average price of $32.71, for a total transaction of $1,960,473.85.
- On Tuesday, January 16th, Anthony Casalena sold 43,539 shares of Squarespace stock. The stock was sold at an average price of $31.64, for a total transaction of $1,377,573.96.
- On Friday, January 12th, Anthony Casalena sold 36,349 shares of Squarespace stock. The stock was sold at an average price of $32.11, for a total transaction of $1,167,166.39.
Squarespace Stock Performance
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NYSE SQSP opened at $36.39 on Friday. The firm has a 50-day moving average of $33.13 and a 200-day moving average of $30.92. The stock has a market cap of $4.97 billion, a PE ratio of -727.80, a P/E/G ratio of 3.61 and a beta of 0.51. Squarespace, Inc. has a 52-week low of $25.59 and a 52-week high of $37.59.
Squarespace (NYSE:SQSP - Get Free Report) last posted its earnings results on Wednesday, February 28th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.16 by ($0.12). The firm had revenue of $270.72 million for the quarter, compared to the consensus estimate of $263.41 million. The business's revenue was up 18.3% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.07) EPS. As a group, analysts predict that Squarespace, Inc. will post 0.5 EPS for the current fiscal year.
Institutional Trading of Squarespace
A number of hedge funds have recently modified their holdings of the stock. Quarry LP acquired a new stake in Squarespace in the 2nd quarter worth about $25,000. Sunbelt Securities Inc. acquired a new stake in Squarespace in the 1st quarter worth about $26,000. Point72 Middle East FZE acquired a new stake in Squarespace in the 4th quarter worth about $30,000. Neo Ivy Capital Management acquired a new stake in Squarespace in the 2nd quarter worth about $31,000. Finally, Comerica Bank acquired a new stake in Squarespace in the 3rd quarter worth about $31,000. Institutional investors and hedge funds own 92.30% of the company's stock.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on SQSP. Royal Bank of Canada increased their price objective on shares of Squarespace from $32.00 to $35.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 29th. Raymond James assumed coverage on shares of Squarespace in a research report on Wednesday, March 27th. They issued an "outperform" rating and a $40.00 target price for the company. Citigroup raised their target price on shares of Squarespace from $40.00 to $42.00 and gave the company a "buy" rating in a research report on Thursday, February 29th. Barclays raised their target price on shares of Squarespace from $34.00 to $37.00 and gave the company an "equal weight" rating in a research report on Thursday, February 29th. Finally, Mizuho raised their target price on shares of Squarespace from $32.00 to $34.00 and gave the company a "neutral" rating in a research report on Thursday, February 29th. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $38.54.
Read Our Latest Stock Analysis on SQSP
Squarespace Company Profile
(
Get Free Report)
Squarespace, Inc operates platform for businesses and independent creators to build online presence, grow their brands, and manage their businesses across the internet in the United States and internationally. It enables users to manage their projects and businesses through websites, domains, e-commerce, marketing tools, scheduling, and hospitality services, as well as tools for managing a social media presence.
Further Reading
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