First Trust Advisors LP Has $25.80 Million Stock Holdings in Squarespace, Inc. (NYSE:SQSP)

First Trust Advisors LP lessened its position in Squarespace, Inc. (NYSE:SQSPFree Report) by 4.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 781,690 shares of the company’s stock after selling 38,397 shares during the quarter. First Trust Advisors LP owned approximately 0.57% of Squarespace worth $25,804,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Sunbelt Securities Inc. boosted its stake in shares of Squarespace by 195.2% during the 3rd quarter. Sunbelt Securities Inc. now owns 2,477 shares of the company’s stock worth $72,000 after buying an additional 1,638 shares during the last quarter. International Assets Investment Management LLC grew its stake in Squarespace by 3,201.0% in the fourth quarter. International Assets Investment Management LLC now owns 3,301 shares of the company’s stock valued at $100,000 after purchasing an additional 3,201 shares in the last quarter. Amalgamated Bank grew its stake in Squarespace by 12.4% in the third quarter. Amalgamated Bank now owns 5,106 shares of the company’s stock valued at $148,000 after purchasing an additional 565 shares in the last quarter. Handelsbanken Fonder AB acquired a new position in shares of Squarespace during the 4th quarter worth approximately $244,000. Finally, Maven Securities LTD acquired a new stake in shares of Squarespace in the 3rd quarter valued at approximately $265,000. Institutional investors own 92.30% of the company’s stock.

Squarespace Stock Performance

SQSP stock opened at $43.87 on Tuesday. Squarespace, Inc. has a 52 week low of $26.70 and a 52 week high of $44.29. The company has a market capitalization of $6.03 billion, a PE ratio of -877.40, a price-to-earnings-growth ratio of 5.05 and a beta of 0.62. The company’s 50-day simple moving average is $39.23 and its 200 day simple moving average is $34.36.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on SQSP shares. The Goldman Sachs Group boosted their target price on shares of Squarespace from $36.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. Raymond James reiterated a “market perform” rating on shares of Squarespace in a research note on Monday, May 13th. Robert W. Baird reiterated a “neutral” rating and set a $44.00 price target (down previously from $45.00) on shares of Squarespace in a report on Monday, May 13th. UBS Group reaffirmed a “neutral” rating and issued a $44.00 price objective (up from $43.00) on shares of Squarespace in a research report on Tuesday, May 14th. Finally, Piper Sandler lowered Squarespace from a “strong-buy” rating to a “hold” rating in a report on Monday, May 13th. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Squarespace presently has a consensus rating of “Hold” and a consensus target price of $42.08.

Check Out Our Latest Report on SQSP

Insiders Place Their Bets

In other news, General Counsel Courtenay O’connor sold 20,622 shares of Squarespace stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $32.02, for a total value of $660,316.44. Following the completion of the sale, the general counsel now directly owns 44,189 shares in the company, valued at $1,414,931.78. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, General Counsel Courtenay O’connor sold 20,622 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $32.02, for a total value of $660,316.44. Following the transaction, the general counsel now owns 44,189 shares in the company, valued at $1,414,931.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul Gubbay sold 2,500 shares of the business’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $36.81, for a total value of $92,025.00. Following the completion of the transaction, the insider now directly owns 43,686 shares of the company’s stock, valued at approximately $1,608,081.66. The disclosure for this sale can be found here. Insiders have sold a total of 573,915 shares of company stock worth $22,642,630 in the last quarter. Corporate insiders own 44.96% of the company’s stock.

About Squarespace

(Free Report)

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.

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Institutional Ownership by Quarter for Squarespace (NYSE:SQSP)

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