Squarespace CEO Anthony Casalena recently sold a significant amount of company stock, totaling over $4 million. On September 8th, Casalena sold 14,688 shares at an average price of $32.27, resulting in a total value of $473,981.76. This transaction was disclosed in a document filed with the Securities & Exchange Commission.
Over the course of several months, Casalena has made multiple sales of Squarespace stock. On August 28th, he sold 30,910 shares, followed by the sale of 42,220 shares on August 25th. On August 14th, he sold 32,998 shares, and on August 1st, 52,546 shares. The total value of these transactions amounts to millions of dollars.
Squarespace, Inc. is an online platform that provides businesses and independent creators with the tools to build and manage their online presence. The company’s suite of integrated products includes website-building tools, e-commerce capabilities, marketing tools, social media management, and more.
The stock has performed well, with a 52-week high of $34.38. However, Squarespace recently reported lower-than-expected earnings for the quarter ending in August. The company had a negative net margin of 23.60% and a negative return on equity of 2.24%. Analysts predict that Squarespace will post earnings per share of 0.28 for the current year.
While Casalena’s recent sales of Squarespace stock may be concerning to some investors, it’s important to note that CEOs often sell shares for a variety of reasons, including diversification of their investment portfolio or personal financial needs. It’s always important for investors to conduct thorough research and consider multiple factors before making investment decisions.
Sources:
– Squarespace, Inc. (NYSE:SQSP – Get Free Report) CEO Anthony Casalena Sells 14,688 Shares of Stock – SEC Filing
– Squarespace CEO Anthony Casalena Sells Over $4 Million Worth of Company Stock – MarketBeat