Samson Rock Capital LLP Sells 186,513 Shares of Squarespace, Inc. (NYSE:SQSP)

Samson Rock Capital LLP decreased its holdings in shares of Squarespace, Inc. (NYSE:SQSP) by 78.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,000 shares of the company’s stock after selling 186,513 shares during the quarter. Squarespace comprises 2.4% of Samson Rock Capital LLP’s holdings, making the stock its 4th largest holding. Samson Rock Capital LLP’s holdings in Squarespace were worth $2,322,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Squarespace during the 2nd quarter worth approximately $71,000. CWM LLC increased its stake in Squarespace by 185.6% during the 2nd quarter. CWM LLC now owns 2,016 shares of the company’s stock worth $88,000 after buying an additional 1,310 shares during the period. Quest Partners LLC lifted its holdings in Squarespace by 1,828.9% during 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 in the last quarter. Sagefield Capital LP purchased a new position in Squarespace in the 2nd quarter valued at approximately $197,000. Finally, Squarepoint Ops LLC acquired a new position in shares of Squarespace in the second quarter worth $245,000. Institutional investors and hedge funds own 92.30% of the company’s stock.

Wall Street Analysts Forecast Growth

SQSP has been the subject of a number of recent research reports. Barclays lifted their target price on Squarespace from $44.00 to $47.00 and gave the company an “equal weight” rating in a report on Tuesday, September 10th. B. Riley downgraded 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. UBS Group raised their target price on shares of Squarespace from $44.00 to $46.50 and gave the company a “neutral” rating in a report on Tuesday, September 10th. Finally, Mizuho downgraded shares of Squarespace from an “outperform” rating to a “neutral” rating and set a $44.00 price target for the company. in a research note on Monday, August 5th. Ten analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $43.14.

Squarespace Stock Up 0.0 %

SQSP opened at $46.48 on Wednesday. Squarespace, Inc. has a 52 week low of $26.70 and a 52 week high of $46.54. The business has a 50 day moving average price of $45.48 and a two-hundred day moving average price of $42.45. The company has a market cap of $6.39 billion, a PE ratio of -929.60, a P/E/G ratio of 8.31 and a beta of 0.62.

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

Insider Buying and Selling

In other news, CEO Anthony Casalena sold 38,900 shares of the stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $46.42, for a total transaction of $1,805,738.00. Following the completion of the transaction, the chief executive officer now directly owns 1,229,920 shares of the company’s stock, valued at approximately $57,092,886.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO Anthony Casalena sold 38,900 shares of the stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $46.42, for a total value of $1,805,738.00. Following the completion of the transaction, the chief executive officer now owns 1,229,920 shares in the company, valued at $57,092,886.40. 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. Also, insider Paul Gubbay sold 2,500 shares of the firm’s 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 completion of the sale, the insider now owns 39,986 shares of the company’s stock, valued at $1,748,187.92. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 358,589 shares of company stock valued at $16,263,305 over the last ninety days. Corporate insiders own 44.96% of the company’s stock.

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.