Squarespace, Inc. (NYSE:SQSP) General Counsel Sells $155,180.12 in Stock

Squarespace, Inc. (NYSE:SQSP) General Counsel Courtenay O’connor sold 3,569 shares of the company’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $43.48, for a total transaction of $155,180.12. Following the transaction, the general counsel now owns 57,296 shares in the company, valued at approximately $2,491,230.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Courtenay O’connor also recently made the following trade(s):

• On Thursday, March 14th, Courtenay O’connor sold 20,622 shares of Squarespace stock. The stock was sold at an average price of $32.02, for a total transaction of $660,316.44.

Squarespace Price Performance

Squarespace stock opened at $43.79 on Friday. The firm has a 50 day moving average price of $38.15 and a 200-day moving average price of $33.56. Squarespace, Inc. has a twelve month low of $26.70 and a twelve month high of $44.29.

Squarespace (NYSE:SQSP) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.12). The business had revenue of $270.72 million during the quarter, compared to analyst estimates of $263.41 million. The company’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same period last year, the business posted ($0.07) earnings per share. On average, research analysts predict that Squarespace, Inc. will post 0.44 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Wellington Management Group LLP lifted its stake 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 buying an additional 3,894,084 shares in the last quarter. Kodai Capital Management LP bought a new position in shares of Squarespace in the first quarter worth $36,938,000. Vanguard Group Inc. grew its position 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 valued at $169,918,000 after purchasing an additional 994,880 shares in the last quarter. Lazard Asset Management LLC raised its stake in shares of Squarespace by 291.3% during the 3rd quarter. Lazard Asset Management LLC now owns 505,910 shares of the company’s stock valued at $14,655,000 after purchasing an additional 376,634 shares during the period. Finally, Acadian Asset Management LLC raised its stake in shares of Squarespace by 24.0% during the 1st quarter. Acadian Asset Management LLC now owns 1,637,361 shares of the company’s stock valued at $59,643,000 after purchasing an additional 317,416 shares during the period. Hedge funds and other institutional investors own 92.30% of the company’s stock.

Analyst Ratings Changes

SQSP has been the subject of a number of analyst reports. Robert W. Baird reiterated a “neutral” rating and set a $44.00 price target (down previously from $45.00) on shares of Squarespace in a research note on Monday, May 13th. B. Riley lifted their target price on Squarespace from $41.00 to $43.00 and gave the company a “buy” rating in a research report on Thursday, February 29th. William Blair reiterated an “outperform” rating on shares of Squarespace in a report on Wednesday, May 8th. Baird R W cut Squarespace from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 13th. Finally, Raymond James reiterated a “market perform” rating on shares of Squarespace in a research note on Monday, May 13th. Nine investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $42.08.

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.