Squarespace, Inc. (NYSE:SQSP) Director Jonathan D. Klein Sells 28,446 Shares

Squarespace, Inc. (NYSE:SQSP – Get Rating) Director Jonathan D. Klein sold 28,446 shares of the stock in a transaction dated Tuesday, March 14th. The stock was sold at an average price of $27.00, for a total transaction of $768,042.00. Following the transaction, the director now owns 745,440 shares in the company, valued at $20,126,880. The sale was disclosed in a filing with the SEC, which is available through this link.

Squarespace Stock Up 1.5 %

Shares of Squarespace stock opened at $27.92 on Friday. The firm has a market capitalization of $3.82 billion, a P/E ratio of -14.93, a PEG ratio of 10.58 and a beta of 0.12. The company has a 50 day moving average price of $23.83 and a 200 day moving average price of $22.17. Squarespace, Inc. has a 52 week low of $14.43 and a 52 week high of $28.69.

Hedge Funds Weigh In On Squarespace

Several hedge funds and other institutional investors have recently modified their holdings of SQSP. Itau Unibanco Holding S.A. purchased a new position in shares of Squarespace in the 3rd quarter valued at approximately $26,000. Point72 Middle East FZE purchased a new position in shares of Squarespace in the 4th quarter valued at approximately $30,000. Captrust Financial Advisors raised its position in shares of Squarespace by 2,128.1% in the 1st quarter. Captrust Financial Advisors now owns 1,270 shares of the company’s stock valued at $33,000 after purchasing an additional 1,213 shares during the last quarter. Clear Street Markets LLC acquired a new position in Squarespace in the 4th quarter worth approximately $43,000. Finally, Advisors Asset Management Inc. acquired a new position in Squarespace in the 1st quarter worth approximately $46,000. 40.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. The Goldman Sachs Group increased their target price on shares of Squarespace from $22.00 to $27.00 and gave the stock a “neutral” rating in a report on Thursday, March 9th. Royal Bank of Canada increased their target price on shares of Squarespace from $22.00 to $26.00 and gave the stock a “sector perform” rating in a report on Wednesday, March 8th. Bank of America increased their target price on shares of Squarespace from $32.00 to $36.00 and gave the stock a “buy” rating in a report on Wednesday, March 8th. Wolfe Research assumed coverage on shares of Squarespace in a report on Thursday, January 5th. They set a “peer perform” rating on the stock. Finally, Citigroup increased their price target on shares of Squarespace from $21.00 to $30.00 and gave the company a “neutral” rating in a research report on Wednesday, March 8th. Nine investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $28.64.

Squarespace Company Profile

(Get Rating)

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, and scheduling, as well as tools for managing a social media presence.