Squarespace, Inc. (NYSE:SQSP) Insider Paul Gubbay Sells 2,500 Shares of Stock

Squarespace, Inc. (NYSE:SQSP) insider Paul Gubbay sold 2,500 shares of the firm’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $36.81, for a total transaction of $92,025.00. Following the sale, the insider now directly owns 43,686 shares in the company, valued at $1,608,081.66. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Squarespace Stock Performance

NYSE SQSP opened at $34.81 on Thursday. Squarespace, Inc. has a one year low of $25.59 and a one year high of $37.89. The company’s 50 day moving average price is $34.00 and its 200 day moving average price is $31.42.

Squarespace (NYSE:SQSP) last posted its quarterly earnings results on Wednesday, February 28th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.12). The company had revenue of $270.72 million for the quarter, compared to analysts’ expectations of $263.41 million. During the same quarter last year, the firm earned ($0.07) EPS. The business’s revenue for the quarter was up 18.3% compared to the same quarter last year. Equities analysts anticipate that Squarespace, Inc. will post 0.5 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on SQSP shares. Mizuho raised their price target on shares of Squarespace from $32.00 to $34.00 and gave the stock a “neutral” rating in a research note on Thursday, February 29th. Robert W. Baird raised shares of Squarespace from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $30.00 to $39.00 in a research note on Monday, March 4th. B. Riley raised their price target on shares of Squarespace from $41.00 to $43.00 and gave the stock a “buy” rating in a research note on Thursday, February 29th. Barclays raised their target price on shares of Squarespace from $34.00 to $37.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 29th. Finally, Citigroup raised their target price on shares of Squarespace from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, February 29th. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $38.54.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Wellington Management Group LLP raised its holdings in Squarespace by 18.1% in the fourth quarter. Wellington Management Group LLP now owns 8,284,051 shares of the company’s stock valued at $273,457,000 after buying an additional 1,268,698 shares during the period. Vanguard Group Inc. raised its stake in shares of Squarespace by 8.2% during the fourth quarter. Vanguard Group Inc. now owns 6,345,007 shares of the company’s stock valued at $209,449,000 after purchasing an additional 479,712 shares during the period. BlackRock Inc. raised its stake in shares of Squarespace by 38.7% during the second quarter. BlackRock Inc. now owns 3,427,924 shares of the company’s stock valued at $108,117,000 after purchasing an additional 956,920 shares during the period. Acadian Asset Management LLC raised its stake in shares of Squarespace by 2.7% during the third quarter. Acadian Asset Management LLC now owns 1,191,871 shares of the company’s stock valued at $34,508,000 after purchasing an additional 31,448 shares during the period. Finally, First Trust Advisors LP purchased a new stake in shares of Squarespace during the first quarter valued at approximately $27,254,000. 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.