Squarespace, Inc. (NYSE:SQSP) Insider Sells $115,725.00 in Stock

by · The Cerbat Gem

Squarespace, Inc. (NYSE:SQSP – Get Free Report) insider Paul Gubbay sold 2,500 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $46.29, for a total value of $115,725.00. Following the completion of the transaction, the insider now directly owns 46,269 shares in the company, valued at $2,141,792.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Paul Gubbay also recently made the following trade(s):

  • On Monday, August 12th, Paul Gubbay sold 2,500 shares of Squarespace stock. The shares were sold at an average price of $44.12, for a total value of $110,300.00.
  • On Friday, July 12th, Paul Gubbay sold 2,500 shares of Squarespace stock. The stock was sold at an average price of $43.72, for a total transaction of $109,300.00.

Squarespace Trading Up 0.1 %

NYSE SQSP opened at $46.43 on Thursday. The stock has a market capitalization of $6.43 billion, a price-to-earnings ratio of -928.50, a PEG ratio of 8.29 and a beta of 0.62. The stock has a 50-day moving average of $44.77 and a 200 day moving average of $41.06. Squarespace, Inc. has a twelve month low of $26.70 and a twelve month high of $46.48.

Squarespace (NYSE:SQSP – Get Free Report) last posted its quarterly earnings data on Friday, August 2nd. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.07). The firm had revenue of $296.80 million during the quarter, compared to analyst estimates of $293.12 million. During the same period in the previous year, the business earned $0.03 EPS. Squarespace’s quarterly revenue was up 19.9% on a year-over-year basis. Equities analysts predict that Squarespace, Inc. will post 0.28 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Check Out Our Latest Analysis on Squarespace

Hedge Funds Weigh In On Squarespace

A number of large investors have recently added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Squarespace in the second quarter valued at about $71,000. CWM LLC boosted its holdings in Squarespace by 185.6% in the 2nd quarter. CWM LLC now owns 2,016 shares of the company’s stock worth $88,000 after buying an additional 1,310 shares during the last quarter. Quest Partners LLC increased its stake in Squarespace by 1,828.9% during the 2nd quarter. Quest Partners LLC now owns 2,739 shares of the company’s stock worth $120,000 after buying an additional 2,597 shares in the last quarter. Sagefield Capital LP acquired a new position in shares of Squarespace during the second quarter valued at approximately $197,000. Finally, Squarepoint Ops LLC purchased a new position in shares of Squarespace in the second quarter valued at approximately $245,000. 92.30% of the stock is currently owned by institutional investors and hedge funds.

About Squarespace

(Get Free Report)

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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