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

Squarespace, Inc. (NYSE:SQSP - Get Free Report) insider Paul Gubbay sold 2,500 shares of the stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $43.21, for a total transaction of $108,025.00. Following the completion of the sale, the insider now directly owns 41,186 shares in the company, valued at $1,779,647.06. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Friday, April 12th, Paul Gubbay sold 2,500 shares of Squarespace stock. The shares were sold at an average price of $36.81, for a total transaction of $92,025.00.

Squarespace Price Performance

NYSE SQSP traded down $0.06 during trading hours on Tuesday, hitting $43.19. The company had a trading volume of 5,245,284 shares, compared to its average volume of 903,929. Squarespace, Inc. has a fifty-two week low of $26.70 and a fifty-two week high of $43.36. The company has a market capitalization of $5.90 billion, a price-to-earnings ratio of -865.00, a P/E/G ratio of 3.74 and a beta of 0.52. The firm's 50 day moving average is $35.34 and its 200 day moving average is $32.28.

Squarespace (NYSE:SQSP - Get Free Report) last posted its earnings results on Wednesday, February 28th. The company reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.16 by ($0.12). The firm had revenue of $270.72 million for the quarter, compared to analyst estimates of $263.41 million. The company's quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.07) earnings per share. On average, equities analysts anticipate that Squarespace, Inc. will post 0.51 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. B. Riley upped their target price on shares of Squarespace from $41.00 to $43.00 and gave the company a "buy" rating in a report on Thursday, February 29th. Robert W. Baird restated a "neutral" rating and issued a $44.00 target price (down from $45.00) on shares of Squarespace in a report on Monday. Citigroup upped their target price on shares of Squarespace from $40.00 to $42.00 and gave the company a "buy" rating in a report on Thursday, February 29th. JMP Securities restated a "market outperform" rating and issued a $45.00 target price on shares of Squarespace in a report on Tuesday, April 30th. Finally, Barclays upped their target price on shares of Squarespace from $40.00 to $44.00 and gave the company an "equal weight" rating in a report on Tuesday. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $42.08.

Institutional Trading of Squarespace

Hedge funds and other institutional investors have recently modified their holdings of the business. Sunbelt Securities Inc. increased its position in shares of Squarespace by 195.2% during the third quarter. Sunbelt Securities Inc. now owns 2,477 shares of the company's stock worth $72,000 after acquiring an additional 1,638 shares during the last quarter. International Assets Investment Management LLC increased its holdings in Squarespace by 3,201.0% in the fourth quarter. International Assets Investment Management LLC now owns 3,301 shares of the company's stock valued at $100,000 after buying an additional 3,201 shares during the last quarter. Amalgamated Bank increased its holdings in Squarespace by 12.4% in the third quarter. Amalgamated Bank now owns 5,106 shares of the company's stock valued at $148,000 after buying an additional 565 shares during 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 during the last quarter. Finally, Handelsbanken Fonder AB bought a new stake in Squarespace in the fourth quarter valued at about $244,000. 92.30% of the stock is owned by hedge funds and other institutional investors.

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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