Anthony Casalena Sells 145,182 Shares of Squarespace, Inc. (NYSE:SQSP) Stock

Squarespace, Inc. (NYSE:SQSP) CEO Anthony Casalena sold 145,182 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $46.33, for a total transaction of $6,726,282.06. Following the sale, the chief executive officer now owns 1,349,263 shares of the company’s stock, valued at $62,511,354.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, September 4th, Anthony Casalena sold 38,466 shares of Squarespace stock. The shares were sold at an average price of $45.26, for a total transaction of $1,740,971.16.
• On Thursday, August 8th, Anthony Casalena sold 68,659 shares of Squarespace stock. The shares were sold at an average price of $44.18, for a total value of $3,033,354.62.
• On Monday, July 15th, Anthony Casalena sold 59,882 shares of Squarespace stock. The stock was sold at an average price of $43.78, for a total value of $2,621,633.96.
• On Monday, July 1st, Anthony Casalena sold 60,012 shares of Squarespace stock. The shares were sold at an average price of $43.52, for a total value of $2,611,722.24.

Squarespace Price Performance

Shares of NYSE SQSP opened at $46.40 on Friday. The company has a market cap of $6.38 billion, a price-to-earnings ratio of -928.00, a price-to-earnings-growth ratio of 8.29 and a beta of 0.62. The stock’s 50-day moving average is $44.82 and its two-hundred day moving average is $41.10. Squarespace, Inc. has a 1-year low of $26.70 and a 1-year high of $46.48.

Squarespace (NYSE:SQSP) last released its earnings results on Friday, August 2nd. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.07). The company had revenue of $296.80 million for the quarter, compared to analysts’ expectations of $293.12 million. During the same quarter last year, the firm earned $0.03 EPS. The business’s revenue for the quarter was up 19.9% on a year-over-year basis. Equities research analysts anticipate that Squarespace, Inc. will post 0.28 earnings per share for the current fiscal year.

Analyst Ratings Changes

SQSP has been the topic of several research analyst reports. Mizuho lowered shares of Squarespace from an “outperform” rating to a “neutral” rating and set a $44.00 price objective on the stock. in a report on Monday, August 5th. B. Riley downgraded shares of Squarespace from a “buy” rating to a “neutral” rating and set a $43.00 price target on the stock. in a research note on Tuesday, June 11th. UBS Group increased their price objective on shares of Squarespace from $44.00 to $46.50 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th. Finally, Barclays boosted their target price on Squarespace from $44.00 to $47.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 10th. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $43.14.

Institutional Investors Weigh In On Squarespace

Hedge funds and other institutional investors have recently modified their holdings of the company. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Squarespace during the second quarter worth $4,668,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Squarespace during the 2nd quarter worth about $71,000. Bardin Hill Management Partners LP purchased a new position in shares of Squarespace in the 2nd quarter valued at about $1,478,000. Water Island Capital LLC acquired a new stake in shares of Squarespace during the 2nd quarter worth about $37,107,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of Squarespace during the 2nd quarter worth about $657,000. 92.30% of the stock is currently owned by institutional investors and hedge funds.

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.