5,800 Shares in Squarespace, Inc. (NYSE:SQSP) Acquired by K2 Principal Fund L.P.

K2 Principal Fund L.P. acquired a new stake in shares of Squarespace, Inc. (NYSE:SQSP) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,800 shares of the company’s stock, valued at approximately $253,000.

Several other institutional investors and hedge funds have also bought and sold shares of SQSP. CWM LLC lifted its holdings in Squarespace by 185.6% during the second quarter. CWM LLC now owns 2,016 shares of the company’s stock valued at $88,000 after purchasing an additional 1,310 shares during the last quarter. Quest Partners LLC boosted its holdings in Squarespace by 1,828.9% in the 2nd quarter. Quest Partners LLC now owns 2,739 shares of the company’s stock worth $120,000 after buying an additional 2,597 shares during the period. Sagefield Capital LP purchased a new position in Squarespace in the 2nd quarter valued at approximately $197,000. Ameritas Investment Partners Inc. raised its holdings in Squarespace by 8.4% during the 1st quarter. Ameritas Investment Partners Inc. now owns 5,666 shares of the company’s stock valued at $206,000 after acquiring an additional 437 shares during the period. Finally, Public Employees Retirement Association of Colorado purchased a new stake in shares of Squarespace during the second quarter worth $266,000. 92.30% of the stock is owned by institutional investors.

Squarespace Stock Down 0.1 %

NYSE SQSP opened at $46.38 on Tuesday. The stock’s 50-day simple moving average is $44.93 and its two-hundred day simple moving average is $41.43. Squarespace, Inc. has a twelve month low of $26.70 and a twelve month high of $46.48. The company has a market capitalization of $6.38 billion, a price-to-earnings ratio of -927.50, a PEG ratio of 8.29 and a beta of 0.62.

Squarespace (NYSE:SQSP) last announced its quarterly earnings data on Friday, August 2nd. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.07). The company had revenue of $296.80 million during the quarter, compared to the consensus estimate of $293.12 million. The company’s quarterly revenue was up 19.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.03 earnings per share. On average, equities analysts expect that Squarespace, Inc. will post 0.28 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on SQSP shares. Mizuho lowered Squarespace from an “outperform” rating to a “neutral” rating and set a $44.00 price objective on the stock. in a research note on Monday, August 5th. UBS Group increased their price target on shares of Squarespace from $44.00 to $46.50 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. B. Riley lowered shares of Squarespace from a “buy” rating to a “neutral” rating and set a $43.00 price objective for the company. in a research report on Tuesday, June 11th. Finally, Barclays upped their target price on shares of Squarespace from $44.00 to $47.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 10th. Ten investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Squarespace currently has a consensus rating of “Hold” and an average price target of $43.14.

Insider Buying and Selling at Squarespace

In other Squarespace news, insider Paul Gubbay sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $43.72, for a total value of $109,300.00. Following the completion of the sale, the insider now owns 39,986 shares in the company, valued at $1,748,187.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Anthony Casalena sold 60,012 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $43.52, for a total transaction of $2,611,722.24. Following the transaction, the chief executive officer now directly owns 2,092,872 shares of the company’s stock, valued at $91,081,789.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Paul Gubbay sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $43.72, for a total value of $109,300.00. Following the transaction, the insider now owns 39,986 shares of the company’s stock, valued at approximately $1,748,187.92. The disclosure for this sale can be found here. Insiders sold a total of 379,701 shares of company stock worth $17,069,289 over the last three months. Company insiders own 44.96% of the company’s stock.

Squarespace Company Profile

Squarespace, Inc operates platform for businesses and independent creators to build online presence, grow their brands, and manage their businesses across the internet in the United States and internationally. It enables users to manage their projects and businesses through websites, domains, e-commerce, marketing tools, scheduling, and hospitality services, as well as tools for managing a social media presence.