Anthony Casalena Sells 45,389 Shares of Squarespace, Inc. (NYSE:SQSP) Stock

Squarespace, Inc. (NYSE:SQSP) CEO Anthony Casalena sold 45,389 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $35.57, for a total transaction of $1,614,486.73. Following the completion of the sale, the chief executive officer now directly owns 2,877,107 shares in the company, valued at $102,338,695.99. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Tuesday, April 2nd, Anthony Casalena sold 51,878 shares of Squarespace stock. The shares were sold at an average price of $36.24, for a total transaction of $1,880,058.72.
• On Thursday, February 22nd, Anthony Casalena sold 67,230 shares of Squarespace stock. The shares were 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 shares were 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 shares were 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 shares were sold at an average price of $32.71, for a total transaction of $1,960,473.85.

Squarespace Stock Down 0.3 %

Shares of NYSE:SQSP opened at $34.73 on Friday. The company’s 50 day moving average price is $34.06 and its two-hundred day moving average price is $31.45. Squarespace, Inc. has a 12-month low of $25.59 and a 12-month high of $37.89. The firm has a market cap of $4.74 billion, a PE ratio of -694.60, a PEG ratio of 3.48 and a beta of 0.51.

Squarespace (NYSE:SQSP) last announced 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 business had revenue of $270.72 million for the quarter, compared to analysts’ expectations of $263.41 million. During the same quarter in the previous year, the firm posted ($0.07) EPS. The firm’s quarterly revenue was up 18.3% on a year-over-year basis. On average, research analysts expect that Squarespace, Inc. will post 0.5 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SQSP. Mizuho upped their target price on shares of Squarespace from $32.00 to $34.00 and gave the company a “neutral” rating in a report on Thursday, February 29th. Barclays increased their price target on shares of Squarespace from $34.00 to $37.00 and gave the company an “equal weight” rating in a report on Thursday, February 29th. Piper Sandler reissued an “overweight” rating and issued a $40.00 price target on shares of Squarespace in a report on Thursday, February 29th. Robert W. Baird raised shares of Squarespace from a “neutral” rating to an “outperform” rating and increased their price target for the company from $30.00 to $39.00 in a report on Monday, March 4th. Finally, Royal Bank of Canada increased their price target on shares of Squarespace from $32.00 to $35.00 and gave the company a “sector perform” rating in a 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. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $38.54.

Institutional Trading of Squarespace

Large investors have recently made changes to their positions in the company. Sunbelt Securities Inc. boosted its position in shares of Squarespace by 195.2% during the 3rd quarter. Sunbelt Securities Inc. now owns 2,477 shares of the company’s stock worth $72,000 after acquiring an additional 1,638 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Squarespace by 20.4% during the 3rd quarter. Vanguard Group Inc. now owns 5,865,295 shares of the company’s stock worth $169,918,000 after acquiring an additional 994,880 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Squarespace by 45.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 134,329 shares of the company’s stock worth $3,891,000 after acquiring an additional 41,745 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Squarespace by 9.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 341,525 shares of the company’s stock worth $9,894,000 after acquiring an additional 28,839 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its position in shares of Squarespace by 291.3% during the 3rd quarter. Lazard Asset Management LLC now owns 505,910 shares of the company’s stock worth $14,655,000 after acquiring an additional 376,634 shares in the last quarter. Institutional investors and hedge funds own 92.30% of the company’s stock.

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.