Anthony Casalena Sells 60,012 Shares of Squarespace, Inc. (NYSE:SQSP) Stock

Squarespace, Inc. (NYSE:SQSP) CEO Anthony Casalena sold 60,012 shares of Squarespace stock in a transaction on Monday, July 1st. The stock was sold at an average price of $43.52, for a total transaction of $2,611,722.24. Following the sale, the chief executive officer now directly owns 2,092,872 shares of the company’s stock, valued at $91,081,789.44. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Wednesday, May 22nd, Anthony Casalena sold 150,000 shares of Squarespace stock. The stock was sold at an average price of $43.62, for a total value 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 shares were sold at an average price of $35.62, for a total transaction of $970,288.80.
• On Friday, April 26th, Anthony Casalena sold 40,189 shares of Squarespace stock. The stock was sold at an average price of $35.54, for a total transaction of $1,428,317.06.
• On Monday, April 15th, Anthony Casalena sold 45,389 shares of Squarespace stock. The stock was sold at an average price of $35.57, for a total transaction of $1,614,486.73.

Squarespace Price Performance

SQSP opened at $43.78 on Friday. Squarespace, Inc. has a 12 month low of $26.70 and a 12 month high of $44.29. The stock has a market capitalization of $6.02 billion, a P/E ratio of -875.60, a P/E/G ratio of 5.00 and a beta of 0.62. The business has a 50 day simple moving average of $41.94 and a 200-day simple moving average of $36.20.

Analyst Ratings Changes

A number of research firms have recently commented on SQSP. William Blair reiterated an “outperform” rating on shares of Squarespace in a research report on Wednesday, May 8th. Raymond James reiterated a “market perform” rating on shares of Squarespace in a research note on Monday, May 13th. Barclays raised their target price on shares of Squarespace from $40.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 14th. Royal Bank of Canada upped their price target on shares of Squarespace from $35.00 to $38.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 8th. Finally, The Goldman Sachs Group raised their price objective on shares of Squarespace from $36.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Ten research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $42.08.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Sunbelt Securities Inc. grew its stake 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 purchasing an additional 1,638 shares during the period. International Assets Investment Management LLC boosted its holdings in Squarespace by 3,201.0% during the fourth quarter. International Assets Investment Management LLC now owns 3,301 shares of the company’s stock worth $100,000 after buying an additional 3,201 shares in the last quarter. Ameritas Investment Partners Inc. increased its holdings in Squarespace by 8.4% in the first quarter. Ameritas Investment Partners Inc. now owns 5,666 shares of the company’s stock valued at $206,000 after buying an additional 437 shares in the last quarter. Handelsbanken Fonder AB acquired a new stake in shares of Squarespace during the 4th quarter valued at approximately $244,000. Finally, Diversified Trust Co boosted its stake in shares of Squarespace by 13.1% during the 1st quarter. Diversified Trust Co now owns 9,561 shares of the company’s stock worth $348,000 after acquiring an additional 1,111 shares in the last quarter. Hedge funds and other institutional investors own 92.30% of the company’s stock.

About Squarespace

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.