Anthony Casalena Sells 92,511 Shares of Squarespace, Inc. (NYSE:SQSP) Stock

Squarespace, Inc. (NYSE:SQSP) CEO Anthony Casalena sold 92,511 shares of the firm’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $46.51, for a total value of $4,302,686.61. Following the transaction, the chief executive officer now owns 880,909 shares of the company’s stock, valued at $40,971,077.59. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Anthony Casalena also recently made the following trade(s):

• On Friday, October 11th, Anthony Casalena sold 150,000 shares of Squarespace stock. The stock was sold at an average price of $46.38, for a total value of $6,957,000.00.
• On Monday, September 30th, Anthony Casalena sold 38,900 shares of Squarespace stock. The stock was sold at an average price of $46.42, for a total value of $1,805,738.00.
• On Tuesday, September 17th, Anthony Casalena sold 145,182 shares of Squarespace stock. The stock was sold at an average price of $46.33, for a total value of $6,726,282.06.
• On Wednesday, September 4th, Anthony Casalena sold 38,466 shares of Squarespace stock. The stock was sold at an average price of $45.26, for a total value of $1,740,971.16.
• On Thursday, August 8th, Anthony Casalena sold 68,659 shares of Squarespace stock. The stock was sold at an average price of $44.18, for a total value of $3,033,354.62.

Squarespace Stock Down 0.2 %

SQSP stock opened at $46.57 on Friday. Squarespace, Inc. has a twelve month low of $26.70 and a twelve month high of $46.69. The stock has a market cap of $6.45 billion, a P/E ratio of -1,164.25, a PEG ratio of 8.33 and a beta of 0.62. The business’s 50-day moving average price is $45.81 and its 200-day moving average price is $42.86.

Squarespace (NYSE:SQSP) last posted its quarterly earnings results on Friday, August 2nd. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.07). The company had revenue of $296.80 million during the quarter, compared to the consensus estimate of $293.12 million. During the same quarter in the previous year, the company posted $0.03 earnings per share. The company’s quarterly revenue was up 19.9% compared to the same quarter last year. On average, equities research analysts expect that Squarespace, Inc. will post 0.28 earnings per share for the current fiscal year.

Institutional Trading of Squarespace

A number of large investors have recently added to or reduced their stakes in SQSP. Point72 Asia Singapore Pte. Ltd. bought a new stake in Squarespace in the 2nd quarter worth approximately $71,000. CWM LLC grew its position in Squarespace by 185.6% in the 2nd quarter. CWM LLC now owns 2,016 shares of the company’s stock valued at $88,000 after acquiring an additional 1,310 shares during the last quarter. Quest Partners LLC grew its position in Squarespace by 1,828.9% in the 2nd quarter. Quest Partners LLC now owns 2,739 shares of the company’s stock valued at $120,000 after acquiring an additional 2,597 shares during the last quarter. Sagefield Capital LP purchased a new stake in shares of Squarespace in the 2nd quarter worth $197,000. Finally, Ameritas Investment Partners Inc. lifted its holdings in shares of Squarespace by 8.4% in the 1st quarter. Ameritas Investment Partners Inc. now owns 5,666 shares of the company’s stock worth $206,000 after buying an additional 437 shares during the period. Institutional investors own 92.30% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on SQSP shares. Barclays lifted their price objective on Squarespace from $44.00 to $47.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 10th. William Blair restated a “market perform” rating on shares of Squarespace in a research note on Monday. Mizuho downgraded Squarespace from an “outperform” rating to a “neutral” rating and set a $44.00 price target for the company. in a research note on Monday, August 5th. Finally, UBS Group boosted their price target on Squarespace from $44.00 to $46.50 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. Eleven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $43.14.

Squarespace Company Profile

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.