GuruFocus - On June 12, 2024, Paul Gubbay, Chief Product Officer of Squarespace Inc (NYSE:SQSP), sold 2,500 shares of the company at a price of $43.82 per share. The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 42,486 shares of Squarespace Inc.
Squarespace Inc is a company that specializes in providing software as a service for website building and hosting. Its tools are geared towards enabling users to create and maintain professional, high-quality websites and online stores without needing to code.
Over the past year, Paul Gubbay has engaged in multiple transactions involving the company's stock, selling a total of 32,500 shares. No purchases were recorded for the insider during this period. The broader insider transaction trend at Squarespace Inc shows a total of 55 insider sales and no insider buys over the past year.
The shares of Squarespace Inc were trading at $43.82 on the day of the sale, giving the company a market cap of approximately $6.004 billion. According to the GF Value, the intrinsic value of the stock is estimated at $28.43, indicating that the stock is significantly overvalued with a price-to-GF-Value ratio of 1.54.
The GF Value is calculated based on historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company's past performance and expected future business outcomes.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
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