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

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

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 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.
• On Monday, April 15th, Anthony Casalena sold 45,389 shares of Squarespace stock. The shares were sold at an average price of $35.57, for a total value of $1,614,486.73.

Squarespace Trading Up 0.6 %

Shares of NYSE SQSP traded up $0.25 during trading on Wednesday, reaching $43.78. The company had a trading volume of 1,178,305 shares, compared to its average volume of 956,750. The company’s fifty day moving average price is $41.61 and its 200-day moving average price is $36.09. Squarespace, Inc. has a 12 month low of $26.70 and a 12 month high of $44.29.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SQSP. Robert W. Baird reaffirmed a “neutral” rating and issued a $44.00 price objective (down from $45.00) on shares of Squarespace in a report on Monday, May 13th. Baird R W cut Squarespace from a “strong-buy” rating to a “hold” rating in a report on Monday, May 13th. JMP Securities reissued a “market outperform” rating and set a $45.00 price target on shares of Squarespace in a report on Tuesday, April 30th. UBS Group reissued a “neutral” rating and set a $44.00 price target (up previously from $43.00) on shares of Squarespace in a report on Tuesday, May 14th. Finally, Mizuho raised Squarespace from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $34.00 to $50.00 in a report on Friday, May 10th. Ten research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $42.08.

Institutional Investors Weigh In On Squarespace

Institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP boosted its position in shares of Squarespace by 124.8% during the 3rd quarter. Wellington Management Group LLP now owns 7,015,353 shares of the company’s stock valued at $203,235,000 after purchasing an additional 3,894,084 shares in the last quarter. Kodai Capital Management LP purchased a new stake in shares of Squarespace in the first quarter worth approximately $36,938,000. Vanguard Group Inc. raised its stake in shares of Squarespace by 20.4% in the third quarter. Vanguard Group Inc. now owns 5,865,295 shares of the company’s stock worth $169,918,000 after purchasing an additional 994,880 shares during the last quarter. Lazard Asset Management LLC raised its stake in shares of Squarespace by 291.3% in the third quarter. Lazard Asset Management LLC now owns 505,910 shares of the company’s stock worth $14,655,000 after purchasing an additional 376,634 shares during the last quarter. Finally, Acadian Asset Management LLC raised its stake in shares of Squarespace by 24.0% in the first quarter. Acadian Asset Management LLC now owns 1,637,361 shares of the company’s stock worth $59,643,000 after purchasing an additional 317,416 shares during the last quarter. 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.