Squarepoint Ops LLC Takes $245,000 Position in Squarespace, Inc. (NYSE:SQSP)

Squarepoint Ops LLC bought a new stake in shares of Squarespace, Inc. (NYSE:SQSP) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 5,605 shares of the company’s stock, valued at approximately $245,000.

Other hedge funds also recently modified their holdings of the company. Nisa Investment Advisors LLC lifted its holdings in Squarespace by 3.8% in the second quarter. Nisa Investment Advisors LLC now owns 9,522 shares of the company’s stock valued at $415,000 after buying an additional 352 shares during the period. Ameritas Investment Partners Inc. boosted its position in shares of Squarespace by 8.4% in the 1st quarter. Ameritas Investment Partners Inc. now owns 5,666 shares of the company’s stock worth $206,000 after purchasing an additional 437 shares during the last quarter. Ellsworth Advisors LLC grew its stake in shares of Squarespace by 5.3% during the second quarter. Ellsworth Advisors LLC now owns 14,370 shares of the company’s stock worth $627,000 after purchasing an additional 719 shares during the period. Diversified Trust Co increased its holdings in Squarespace by 13.1% in the first quarter. Diversified Trust Co now owns 9,561 shares of the company’s stock valued at $348,000 after purchasing an additional 1,111 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System raised its position in shares of Squarespace by 9.6% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 14,380 shares of the company’s stock valued at $524,000 after acquiring an additional 1,260 shares during the period. Institutional investors own 92.30% of the company’s stock.

Insider Transactions at Squarespace

In related news, insider Paul Gubbay sold 2,500 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $44.12, for a total value of $110,300.00. Following the completion of the sale, the insider now directly owns 37,486 shares in the company, valued at approximately $1,653,882.32. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Squarespace news, insider Paul Gubbay sold 2,500 shares of Squarespace stock in a transaction on Monday, August 12th. The shares were sold at an average price of $44.12, for a total transaction of $110,300.00. Following the completion of the transaction, the insider now directly owns 37,486 shares of the company’s stock, valued at $1,653,882.32. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Anthony Casalena sold 38,466 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $45.26, for a total transaction of $1,740,971.16. Following the sale, the chief executive officer now owns 1,527,820 shares of the company’s stock, valued at $69,149,133.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 506,089 shares of company stock worth $23,111,005 in the last ninety days. Insiders own 44.96% of the company’s stock.

Wall Street Analyst Weigh In

SQSP has been the subject of several recent analyst reports. UBS Group upped their target price on shares of Squarespace from $44.00 to $46.50 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. Barclays raised their price target on Squarespace from $44.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 10th. Finally, Mizuho lowered Squarespace from an “outperform” rating to a “neutral” rating and set a $44.00 price objective for the company. in a research report on Monday, August 5th. Ten equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $43.14.

Squarespace Stock Down 0.1 %

NYSE SQSP opened at $46.44 on Friday. The firm’s 50 day moving average is $45.62 and its 200-day moving average is $42.62. The company has a market capitalization of $6.43 billion, a PE ratio of -1,161.00, a price-to-earnings-growth ratio of 8.32 and a beta of 0.62. Squarespace, Inc. has a 12-month low of $26.70 and a 12-month high of $46.54.

Squarespace (NYSE:SQSP) last released its earnings results on Friday, August 2nd. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.07). The company had revenue of $296.80 million for the quarter, compared to analyst estimates of $293.12 million. During the same period in the previous year, the company earned $0.03 earnings per share. The company’s quarterly revenue was up 19.9% compared to the same quarter last year. As a group, sell-side analysts expect that Squarespace, Inc. will post 0.28 EPS for the current year.

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.