SG Americas Securities LLC Buys New Stake in Squarespace, Inc. (NYSE:SQSP)

SG Americas Securities LLC purchased a new position in Squarespace, Inc. (NYSE:SQSPGet Rating) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 8,144 shares of the company’s stock, valued at approximately $170,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Captrust Financial Advisors raised its stake in Squarespace by 2,128.1% during the first quarter. Captrust Financial Advisors now owns 1,270 shares of the company’s stock valued at $33,000 after purchasing an additional 1,213 shares in the last quarter. Advisor Group Holdings Inc. increased its stake in Squarespace by 93.2% during the first quarter. Advisor Group Holdings Inc. now owns 3,336 shares of the company’s stock worth $85,000 after acquiring an additional 1,609 shares during the last quarter. Advisors Asset Management Inc. purchased a new stake in Squarespace during the first quarter valued at approximately $46,000. Parkside Financial Bank & Trust bought a new stake in shares of Squarespace in the 1st quarter valued at approximately $58,000. Finally, BlackRock Inc. boosted its holdings in shares of Squarespace by 0.6% in the 1st quarter. BlackRock Inc. now owns 416,818 shares of the company’s stock worth $10,679,000 after purchasing an additional 2,390 shares during the period. Institutional investors own 41.20% of the company’s stock.

Squarespace Stock Down 6.3 %

Shares of NYSE SQSP opened at $20.49 on Friday. The firm’s 50 day simple moving average is $21.62 and its 200-day simple moving average is $21.26. Squarespace, Inc. has a 12 month low of $14.43 and a 12 month high of $48.89.

Insider Activity at Squarespace

In other news, major shareholder Ventures Growth I. Parall Index sold 40,609 shares of the firm’s stock in a transaction dated Tuesday, October 25th. The stock was sold at an average price of $22.54, for a total transaction of $915,326.86. Following the sale, the insider now directly owns 411,759 shares in the company, valued at approximately $9,281,047.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, major shareholder Ventures Growth I. Parall Index sold 40,609 shares of Squarespace stock in a transaction on Tuesday, October 25th. The shares were sold at an average price of $22.54, for a total value of $915,326.86. Following the sale, the insider now owns 411,759 shares of the company’s stock, valued at approximately $9,281,047.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Ventures Growth I. Parall Index sold 63,029 shares of the company’s stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $21.98, for a total transaction of $1,385,377.42. Following the transaction, the insider now owns 452,368 shares of the company’s stock, valued at $9,943,048.64. The disclosure for this sale can be found here. 45.51% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Oppenheimer began coverage on shares of Squarespace in a report on Tuesday, July 26th. They set a “market perform” rating on the stock. Truist Financial lowered their target price on Squarespace to $31.00 in a report on Tuesday, July 26th. KeyCorp reduced their price objective on shares of Squarespace from $25.00 to $22.00 and set an “overweight” rating for the company in a research note on Wednesday. Credit Suisse Group reduced their price target on Squarespace from $25.00 to $24.00 and set a “neutral” rating on the stock in a research report on Wednesday. Finally, Piper Sandler raised their price objective on Squarespace from $21.00 to $22.00 and gave the stock a “neutral” rating in a research report on Wednesday. Nine research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $26.08.

Squarespace Company Profile

(Get Rating)

Squarespace, Inc operates platform for businesses and independent creators to build online presence, grow their brands, and manage their businesses across the internet. Its suite of integrated products enables users to manage their projects and businesses through websites, domains, e-commerce, marketing tools, and scheduling, as well as tools for managing a social media presence.

See Also

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Institutional Ownership by Quarter for Squarespace (NYSE:SQSP)

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