Stocks of Squarespace Inc (NYSE:SQSP) traded higher last session on Wall Street, up 0.06% to $46.23.
SQSP stock price is now 4.22% away from the 50-day moving average and 23.80% away from the 200-day moving average. The market capitalization of the company currently stands at $6.40B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target maintained at $44, Mizuho recently Downgraded its rating from Outperform to Neutral for Squarespace Inc (NYSE: SQSP). On June 11, 2024, B. Riley Securities Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock keeping its target price maintained at $43, while ‘Mizuho’ rates the stock as ‘Buy’
In other news, Casalena Anthony, Chief Executive Officer sold 38,466 shares of the company’s stock on Sep 04 ’24. The stock was sold for $1,740,971 at an average price of $45.26. Upon completion of the transaction, the Chief Executive Officer now directly owns 1,527,820 shares in the company, valued at $70.63 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 05 ’24, Chief Executive Officer Casalena Anthony sold 33,375 shares of the business’s stock. A total of $1,507,215 was realized by selling the stock at an average price of $45.16. This leaves the insider owning 1,494,445 shares of the company worth $69.09 million. A total of 54.40% 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 $46.26. The fifty day moving average price for SQSP is $44.4106 and a two-hundred day moving average price translates $37.43215 for the stock.
The latest earnings results from Squarespace Inc (NYSE: SQSP) was released for 2024-06-30. The company reported revenue of $296.77 million for the quarter, compared to $247.53 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 19.89 percent.
