In yesterday’s Wall Street session, Squarespace Inc (NYSE:SQSP) shares traded at $43.19, down -0.14% from the previous session.
SQSP stock price is now 22.47% away from the 50-day moving average and 36.76% away from the 200-day moving average. The market capitalization of the company currently stands at $5.94B.
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With the price target enhanced from $34 to $50, Mizuho Upgraded its rating from Neutral to Buy for Squarespace Inc (NYSE: SQSP). , while ‘Robert W. Baird’ rates the stock as ‘Outperform’
In other news, KLEIN JONATHAN D, Director sold 100,000 shares of the company’s stock on May 13 ’24. The stock was sold for $4,315,000 at an average price of $43.15. Upon completion of the transaction, the Director now directly owns 504,133 shares in the company, valued at $21.77 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 13 ’24, Chief Product Officer Gubbay Paul sold 2,500 shares of the business’s stock. A total of $108,025 was realized by selling the stock at an average price of $43.21. This leaves the insider owning 41,186 shares of the company worth $1.78 million. A total of 56.03% of the company’s stock is owned by insiders.
During the past 12 months, Squarespace Inc has had a low of $26.70 and a high of $43.36.
The company reported revenue of $281.15 million for the quarter, compared to $237.03 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 18.61 percent.
