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. It serves small and medium-sized businesses, and independent creators, such as restaurants, photographers, wedding planners, artists, musicians, and bloggers. Squarespace, Inc. was founded in 2003 and is headquartered in New York, New York.
Company profile
Ticker
SQSP
Exchange
Website
CEO
Mr. Anthony Casalena
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Customers 1st Bancorp, Inc.
SEC CIK
Corporate docs
Subsidiaries
Squarespace Ireland Limited • Tock LLC ...
IRS number
200375811
SQSP stock data
Analyst ratings and price targets
Latest filings (excl ownership)
POSASR
Automatic shelf registration (post-effective amendment)
17 Oct 24
S-8 POS
Registration of securities for employees (post-effective amendment)
17 Oct 24
SC 13E3/A
Going private transaction (amended)
17 Oct 24
8-K
Permira Completes Acquisition of Squarespace
17 Oct 24
25-NSE
Exchange delisting
17 Oct 24
SC 14D9/A
Tender offer solicitation (amended)
15 Oct 24
SC 13E3/A
Going private transaction (amended)
15 Oct 24
SC 13E3/A
Going private transaction (amended)
1 Oct 24
SC 14D9/A
Tender offer solicitation (amended)
1 Oct 24
SC 13E3/A
Going private transaction (amended)
1 Oct 24
Transcripts
SQSP
Earnings call transcript
2024 Q1
7 May 24
SQSP
Earnings call transcript
2023 Q4
28 Feb 24
SQSP
Earnings call transcript
2023 Q3
7 Nov 23
SQSP
Earnings call transcript
2023 Q2
8 Aug 23
SQSP
Earnings call transcript
2023 Q2
8 Aug 23
SQSP
Earnings call transcript
2023 Q1
9 May 23
SQSP
Earnings call transcript
2022 Q4
7 Mar 23
SQSP
Earnings call transcript
2022 Q3
8 Nov 22
SQSP
Earnings call transcript
2022 Q2
25 Jul 22
SQSP
Earnings call transcript
2022 Q1
12 May 22
Latest ownership filings
SC 13D/A
Casalena Anthony
17 Oct 24
4
Change in insider ownership
17 Oct 24
SC 13D/A
GENERAL ATLANTIC, L.P.
17 Oct 24
SC 13D/A
Accel Growth Fund L.P.
17 Oct 24
4
Neela Montgomery
17 Oct 24
4
ANTON J LEVY
17 Oct 24
4
Liza Landsman
17 Oct 24
4
JONATHAN D KLEIN
17 Oct 24
4
MICHAEL D FLEISHER
17 Oct 24
4
Andrew Braccia
17 Oct 24
Financial summary
Quarter (USD) | Jun 24 | Mar 24 | Dec 23 | Sep 23 | |
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Operating income | |||||
Operating margin | |||||
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Net profit margin | |||||
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Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | |
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Revenue | ||||
Cost of revenue | ||||
Operating income | ||||
Operating margin | ||||
Net income | ||||
Net profit margin | ||||
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Change in cash | ||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 270.36 mm | 270.36 mm | 270.36 mm | 270.36 mm | 270.36 mm | 270.36 mm |
Cash burn (monthly) | 3.44 mm | 3.16 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 12.92 mm | 11.86 mm | n/a | n/a | n/a | n/a |
Cash remaining | 257.45 mm | 258.50 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | 74.8 | 81.8 | n/a | n/a | n/a | n/a |
Institutional ownership, Q2 2024
57.0% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 215 |
Opened positions | 75 |
Closed positions | 56 |
Increased positions | 61 |
Reduced positions | 64 |
13F shares | Current |
---|---|
Total value | 2.54 tn |
Total shares | 79.19 mm |
Total puts | 176.70 k |
Total calls | 139.70 k |
Total put/call ratio | 1.3 |
Largest owners | Shares | Value |
---|---|---|
Accel Growth Fund | 13.06 mm | $564.80 mm |
Wellington Management | 12.20 mm | $532.50 bn |
General Atlantic | 10.61 mm | $462.96 bn |
Vanguard | 6.75 mm | $294.33 bn |
BLK BlackRock | 4.76 mm | $207.74 bn |
Anthony Casalena | 4.21 mm | $182.03 mm |
Glazer Capital | 2.21 mm | $96.21 mm |
Renaissance Technologies | 1.77 mm | $77.22 bn |
Geode Capital Management | 1.26 mm | $54.91 bn |
STT State Street | 1.23 mm | $53.81 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
17 Oct 24 | Nathan Gooden | RSU Class A Common Stock | Sale back to company | Dispose D | No | No | 0 | 159,714 | 0.00 | 0 |
17 Oct 24 | Nathan Gooden | RSU Class A Common Stock | Sale back to company | Dispose D | No | No | 0 | 404,557 | 0.00 | 0 |
17 Oct 24 | Anthony Casalena | Class A Common Stock | Other | Dispose J | Yes | No | 0 | 387,500 | 0.00 | 0 |
17 Oct 24 | Anthony Casalena | Class A Common Stock | Sale back to company | Dispose D | Yes | No | 0 | 880,909 | 0.00 | 0 |
17 Oct 24 | Anthony Casalena | Class B Common Stock Class A Common Stock | Other | Dispose J | Yes | No | 0 | 2,050,838 | 0.00 | 0 |
17 Oct 24 | Anthony Casalena | Class B Common Stock Class A Common Stock | Other | Dispose J | Yes | No | 0 | 28,505,788 | 0.00 | 0 |
17 Oct 24 | Anthony Casalena | Class B Common Stock Class A Common Stock | Sell | Dispose S | Yes | No | 46.5 | 12,329,784 | 573.33 mm | 28,505,788 |
17 Oct 24 | Courtenay O'Connor | RSU Class A Common Stock | Sale back to company | Dispose D | No | No | 0 | 72,260 | 0.00 | 0 |
17 Oct 24 | Courtenay O'Connor | RSU Class A Common Stock | Sale back to company | Dispose D | No | No | 0 | 108,189 | 0.00 | 0 |
17 Oct 24 | Paul Gubbay | RSU Class A Common Stock | Sale back to company | Dispose D | No | No | 0 | 69,671 | 0.00 | 0 |
News
William Blair Downgrades Squarespace to Market Perform
14 Oct 24
Wix Is Set for Growth With Expanding Margins and Cash Flow, Analyst Upgrades Stock
23 Sep 24
Should You Invest in the WisdomTree Cloud Computing ETF?
16 Sep 24
Barclays Maintains Equal-Weight on Squarespace, Raises Price Target to $47
10 Sep 24
UBS Maintains Neutral on Squarespace, Raises Price Target to $46.5
10 Sep 24
Press releases
Permira Completes Tender Offer for Outstanding Shares of Squarespace
14 Oct 24
Squarespace Refresh 2024: Introducing a New Era for Entrepreneurs
24 Sep 24
SQSP Merger Update: Johnson Fistel Continues to Investigate Squarespace and its Directors and Management Following Criticism of the Deal Valuation
16 Sep 24
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates CPTN, PETQ, IP, SQSP on Behalf of Shareholders
11 Sep 24
SQUARESPACE AND PERMIRA AMEND MERGER AGREEMENT TO INCREASE OFFER PRICE TO $46.50 PER SHARE IN CASH
9 Sep 24