Squarespace, Inc. (NYSE:SQSP – Get Free Report) Director Atlantic (Sqrs) Lp General sold 6,000,000 shares of Squarespace stock in a transaction on Monday, November 20th. The shares were sold at an average price of $29.50, for a total value of $177,000,000.00. Following the completion of the transaction, the director now owns 10,627,824 shares of the company’s stock, valued at $313,520,808. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Atlantic (Sqrs) Lp General also recently made the following trade(s):
- On Friday, September 15th, Atlantic (Sqrs) Lp General sold 5,750,000 shares of Squarespace stock. The shares were sold at an average price of $27.84, for a total value of $160,080,000.00.
Squarespace Stock Performance
Squarespace stock traded up $0.21 during midday trading on Monday, hitting $29.21. 869,200 shares of the company’s stock were exchanged, compared to its average volume of 670,496. Squarespace, Inc. has a 12-month low of $19.58 and a 12-month high of $34.38. The stock has a market cap of $3.97 billion, a price-to-earnings ratio of -16.10, a price-to-earnings-growth ratio of 7.15 and a beta of 0.42. The firm’s 50 day simple moving average is $29.22 and its 200 day simple moving average is $29.99.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on SQSP. Mizuho lifted their target price on Squarespace from $28.00 to $32.00 and gave the company a “neutral” rating in a report on Wednesday, August 9th. Barclays increased their target price on Squarespace from $29.00 to $33.00 and gave the company an “equal weight” rating in a report on Tuesday, August 8th. UBS Group initiated coverage on Squarespace in a report on Friday, September 22nd. They issued a “buy” rating and a $40.00 target price on the stock. Royal Bank of Canada boosted their price target on shares of Squarespace from $30.00 to $32.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 9th. Finally, Bank of America initiated coverage on shares of Squarespace in a research report on Tuesday, September 26th. They issued a “buy” rating for the company. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $35.62.
Hedge Funds Weigh In On Squarespace
A number of large investors have recently bought and sold shares of SQSP. Vanguard Group Inc. increased its holdings in shares of Squarespace by 9.6% in the 3rd quarter. Vanguard Group Inc. now owns 4,774,485 shares of the company’s stock valued at $101,984,000 after purchasing an additional 419,488 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Squarespace by 38.7% in the 2nd 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 in the last quarter. Wellington Management Group LLP increased its holdings in shares of Squarespace by 438.4% in the 1st quarter. Wellington Management Group LLP now owns 3,169,388 shares of the company’s stock valued at $100,691,000 after purchasing an additional 2,580,712 shares in the last quarter. Riverbridge Partners LLC increased its holdings in shares of Squarespace by 3.4% in the 2nd quarter. Riverbridge Partners LLC now owns 2,378,406 shares of the company’s stock valued at $75,015,000 after purchasing an additional 77,177 shares in the last quarter. Finally, Acadian Asset Management LLC increased its holdings in shares of Squarespace by 2.7% in the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 43.73% of the company’s stock.
Squarespace, Inc operates platform for businesses and independent creators to build online presence, grow their brands, and manage their businesses across the internet. Its suite of integrated products 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.
- Five stocks we like better than Squarespace
- How to Know if a Stock Pays Dividends and When They Are Paid Out
- The most upgraded stocks in November have two things in common
- How to Use the MarketBeat Stock Split Calculator
- Monday.com rocked earnings like it’s the weekend
- Special Purpose Acquisition Company (SPAC) What You Need to Know
- Plan to own one retailer? Make it this one
Receive News & Ratings for Squarespace Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Squarespace and related companies with MarketBeat.com's FREE daily email newsletter.