Squarespace, Inc. (NYSE:SQSP) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its holdings in shares of Squarespace, Inc. (NYSE:SQSP) by 36.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,095 shares of the company’s stock after selling 10,485 shares during the period. Victory Capital Management Inc.’s holdings in Squarespace were worth $789,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC increased its position in Squarespace by 3.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 9,522 shares of the company’s stock worth $415,000 after purchasing an additional 352 shares during the period. Ameritas Investment Partners Inc. boosted its stake in shares of Squarespace by 8.4% during the 1st quarter. Ameritas Investment Partners Inc. now owns 5,666 shares of the company’s stock worth $206,000 after acquiring an additional 437 shares in the last quarter. Ellsworth Advisors LLC boosted its stake in shares of Squarespace by 5.3% during the 2nd quarter. Ellsworth Advisors LLC now owns 14,370 shares of the company’s stock worth $627,000 after acquiring an additional 719 shares in the last quarter. Diversified Trust Co boosted its stake in shares of Squarespace by 13.1% during the 1st quarter. Diversified Trust Co now owns 9,561 shares of the company’s stock worth $348,000 after acquiring an additional 1,111 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its stake in shares of Squarespace by 9.6% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 14,380 shares of the company’s stock worth $524,000 after acquiring an additional 1,260 shares in the last quarter. Institutional investors and hedge funds own 92.30% of the company’s stock.

Squarespace Trading Down 0.0 %

Shares of NYSE SQSP opened at $46.40 on Friday. Squarespace, Inc. has a 12-month low of $26.70 and a 12-month high of $46.48. The company has a market cap of $6.38 billion, a P/E ratio of -928.00, a P/E/G ratio of 8.29 and a beta of 0.62. The stock has a fifty day moving average price of $44.87 and a 200 day moving average price of $41.19.

Squarespace (NYSE:SQSP) last announced its quarterly earnings results on Friday, August 2nd. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate 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. The company’s quarterly revenue was up 19.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.03 EPS. On average, sell-side analysts forecast that Squarespace, Inc. will post 0.28 EPS for the current fiscal year.

Insider Buying and Selling at Squarespace

In other news, insider Paul Gubbay sold 2,500 shares of the stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $43.72, for a total transaction of $109,300.00. Following the transaction, the insider now owns 39,986 shares of the company’s stock, 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, insider Paul Gubbay sold 2,500 shares of the stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $43.72, for a total transaction of $109,300.00. Following the transaction, the insider now owns 39,986 shares of the company’s stock, 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. Also, CEO Anthony Casalena sold 59,882 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $43.78, for a total transaction of $2,621,633.96. Following the completion of the transaction, the chief executive officer now directly owns 1,975,618 shares in the company, valued at approximately $86,492,556.04. The disclosure for this sale can be found here. Insiders sold a total of 379,701 shares of company stock valued at $17,069,289 in the last ninety days. Insiders own 44.96% of the company’s stock.

Analyst Upgrades and Downgrades

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

About Squarespace

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.