Squarespace, Inc. (NYSE:SQSP) Shares Acquired by Blue Trust Inc.

Blue Trust Inc. increased its stake in shares of Squarespace, Inc. (NYSE:SQSP) by 15.6% during the 3rd quarter, Holdings Channel.com reports. The fund owned 7,040 shares of the company’s stock after purchasing an additional 948 shares during the quarter. Blue Trust Inc.’s holdings in Squarespace were worth $307,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SQSP. Ellsworth Advisors LLC increased its position in shares of Squarespace by 3.6% during the third quarter. Ellsworth Advisors LLC now owns 14,883 shares of the company’s stock worth $691,000 after purchasing an additional 513 shares in the last quarter. Creative Planning grew its stake in Squarespace by 108.2% during the 3rd quarter. Creative Planning now owns 10,637 shares of the company’s stock worth $494,000 after buying an additional 5,528 shares during the last quarter. Simplicity Wealth LLC acquired a new position in Squarespace during the third quarter worth approximately $356,000. CWM LLC increased its position in Squarespace by 61.4% during the third quarter. CWM LLC now owns 3,253 shares of the company’s stock worth $151,000 after buying an additional 1,237 shares during the period. Finally, Handelsbanken Fonder AB lifted its stake in Squarespace by 3.6% in the third quarter. Handelsbanken Fonder AB now owns 17,200 shares of the company’s stock valued at $799,000 after buying an additional 600 shares during the last quarter. 92.30% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Anthony Casalena sold 68,659 shares of the stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $44.18, for a total value of $3,033,354.62. Following the completion of the transaction, the chief executive officer now owns 1,698,304 shares in the company, valued at $75,031,070.72. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO Anthony Casalena sold 68,659 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $44.18, for a total value of $3,033,354.62. Following the sale, the chief executive officer now owns 1,698,304 shares in the company, valued at $75,031,070.72. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Paul Gubbay sold 2,500 shares of Squarespace stock in a transaction on Monday, August 12th. The stock was sold at an average price of $44.12, for a total value of $110,300.00. Following the transaction, the insider now directly owns 37,486 shares of the company’s stock, valued at approximately $1,653,882.32. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,468,293 shares of company stock worth $672,517,295. Corporate insiders own 44.96% of the company’s stock.

Squarespace Stock Performance

Shares of SQSP opened at $46.57 on Friday. The stock’s 50 day moving average is $46.00 and its two-hundred day moving average is $43.19. Squarespace, Inc. has a twelve month low of $26.70 and a twelve month high of $46.69. The firm has a market capitalization of $6.40 billion, a PE ratio of -931.40, a P/E/G ratio of 8.33 and a beta of 0.62.

Squarespace (NYSE:SQSP) last posted its quarterly earnings results 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 analysts’ expectations of $293.12 million. During the same quarter in the previous year, the business posted $0.03 EPS. Squarespace’s quarterly revenue was up 19.9% on a year-over-year basis. On average, sell-side analysts predict that Squarespace, Inc. will post 0.28 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on SQSP. Barclays lifted their target price on shares of Squarespace from $44.00 to $47.00 and gave the company an “equal weight” rating in a report on Tuesday, September 10th. Mizuho lowered shares of 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 target price on shares of Squarespace from $44.00 to $46.50 and gave the stock a “neutral” rating in a research note on Tuesday, September 10th. Finally, William Blair restated a “market perform” rating on shares of Squarespace in a research report on Monday, October 14th. Eleven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $43.14.

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.