In a filing, Squarespace Inc revealed its Chief Executive Officer Casalena Anthony unloaded Company’s shares for reported $1.87 million on Jun 06 ’24. In the deal valued at $43.84 per share,42,586 shares were sold. As a result of this transaction, Casalena Anthony now holds 2,232,016 shares worth roughly $98.21 million.
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Then, Casalena Anthony sold 38,724 shares, generating $1,693,401 in total proceeds. Upon selling the shares at $43.73, the Chief Executive Officer now owns 2,274,602 shares.
Before that, Casalena Anthony sold 135,063 shares. Squarespace Inc shares valued at $5,875,240 were divested by the Chief Executive Officer at a price of $43.50 per share. As a result of the transaction, Casalena Anthony now holds 2,313,326 shares, worth roughly $101.79 million.
Mizuho upgraded its Squarespace Inc [SQSP] rating to a Buy from a a Neutral in a research note published on May 10, 2024; the price target was increased to $50 from $34. Robert W. Baird also remained covering SQSP and has increased its forecast on March 04, 2024 with a “an Outperform” recommendation from previously “Neutral” rating. JMP Securities revised its rating on January 24, 2024. It rated SQSP as “a Mkt outperform” which previously was an “a Mkt perform”.
Price Performance Review of SQSP
On Friday, Squarespace Inc [NYSE:SQSP] saw its stock jump 0.25% to $44.00. Squarespace Inc shares have risen nearly 33.29% since the year began. Nevertheless, the stocks have risen 47.70% over the past one year. While a 52-week high of $44.29 was reached on 05/20/24, a 52-week low of $26.70 was recorded on 02/21/24. SMA at 50 days reached $38.94, while 200 days put it at $32.69. A total of 0.59 million shares were traded, compared to the trading of 0.45 million shares in the previous session.
Levels Of Support And Resistance For SQSP Stock
The 24-hour chart illustrates a support level at 43.86, which if violated will result in even more drops to 43.72. On the upside, there is a resistance level at 44.07. A further resistance level may holdings at 44.14. The Relative Strength Index (RSI) on the 14-day chart is 72.60, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 33.33%. Stochastics %K at 63.54% indicates the stock is a holding.
The most recent change occurred on October 24, 2023 when Seaport Research Partners began covering the stock and recommended ‘”a Buy”‘ rating along with a $35 price target.
