Squarespace, Inc. (NYSE:SQSP – Get Free Report) CEO Anthony Casalena sold 59,882 shares of Squarespace stock in a transaction on Monday, July 15th. The stock was sold at an average price of $43.78, for a total value of $2,621,633.96. Following the transaction, the chief executive officer now directly owns 1,975,618 shares of the company’s stock, valued at approximately $86,492,556.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Anthony Casalena also recently made the following trade(s):
- On Monday, July 1st, Anthony Casalena sold 60,012 shares of Squarespace stock. The stock was sold at an average price of $43.52, for a total transaction of $2,611,722.24.
- On Wednesday, May 22nd, Anthony Casalena sold 150,000 shares of Squarespace stock. The shares were sold at an average price of $43.62, for a total transaction of $6,543,000.00.
- On Thursday, May 9th, Anthony Casalena sold 66,983 shares of Squarespace stock. The stock was sold at an average price of $36.87, for a total value of $2,469,663.21.
- On Monday, April 29th, Anthony Casalena sold 27,240 shares of Squarespace stock. The stock was sold at an average price of $35.62, for a total value of $970,288.80.
- On Friday, April 26th, Anthony Casalena sold 40,189 shares of Squarespace stock. The shares were sold at an average price of $35.54, for a total value of $1,428,317.06.
Squarespace Stock Performance
Shares of NYSE:SQSP traded up $0.02 during trading on Wednesday, reaching $43.83. 698,765 shares of the stock were exchanged, compared to its average volume of 944,037. Squarespace, Inc. has a 12-month low of $26.70 and a 12-month high of $44.29. The firm’s 50-day moving average price is $43.30 and its 200 day moving average price is $36.96. The firm has a market cap of $6.03 billion, a price-to-earnings ratio of -876.00, a price-to-earnings-growth ratio of 5.03 and a beta of 0.62.
Institutional Investors Weigh In On Squarespace
Analysts Set New Price Targets
SQSP has been the subject of several analyst reports. The Goldman Sachs Group boosted their target price on shares of Squarespace from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. UBS Group reissued a “neutral” rating and issued a $44.00 price objective (up previously from $43.00) on shares of Squarespace in a research report on Tuesday, May 14th. JMP Securities restated a “market outperform” rating and set a $45.00 target price on shares of Squarespace in a research report on Tuesday, April 30th. Piper Sandler downgraded Squarespace from a “strong-buy” rating to a “hold” rating in a report on Monday, May 13th. Finally, Raymond James restated a “market perform” rating on shares of Squarespace in a report on Monday, May 13th. Ten investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $42.08.
Read Our Latest Stock Report on SQSP
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.
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