Squarespace, Inc. (NYSE:SQSP) Stock Holdings Lifted by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D increased its stake in Squarespace, Inc. (NYSE:SQSP) by 3.2% during the third quarter, HoldingsChannel.com reports. The fund owned 44,031 shares of the company’s stock after buying an additional 1,364 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Squarespace were worth $2,044,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of SQSP. Glazer Capital LLC acquired a new stake in Squarespace during the 2nd quarter worth about $96,206,000. Kodai Capital Management LP acquired a new stake in shares of Squarespace during the first quarter valued at approximately $36,938,000. Water Island Capital LLC purchased a new stake in shares of Squarespace in the 2nd quarter valued at approximately $37,107,000. Picton Mahoney Asset Management acquired a new position in Squarespace in the 2nd quarter worth approximately $18,164,000. Finally, Vanguard Group Inc. grew its position in Squarespace by 5.6% during the 1st quarter. Vanguard Group Inc. now owns 6,699,064 shares of the company’s stock worth $244,114,000 after purchasing an additional 354,057 shares in the last quarter. 92.30% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Squarespace

In other news, CEO Anthony Casalena sold 38,466 shares of the company’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $45.26, for a total transaction of $1,740,971.16. Following the completion of the sale, the chief executive officer now owns 1,527,820 shares in the company, valued at approximately $69,149,133.20. This represents a 2.46 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Paul Gubbay sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $46.29, for a total value of $115,725.00. Following the completion of the transaction, the insider now directly owns 46,269 shares in the company, valued at $2,141,792.01. The trade was a 5.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,397,134 shares of company stock worth $669,373,640 in the last 90 days. 44.96% of the stock is owned by insiders.

Squarespace Stock Performance

Shares of SQSP opened at $46.57 on Friday. The firm has a market cap of $6.40 billion, a PE ratio of -931.40, a PEG ratio of 8.33 and a beta of 0.62. The firm’s 50 day moving average price is $46.48 and its 200 day moving average price is $44.39. Squarespace, Inc. has a twelve month low of $26.70 and a twelve month high of $46.69.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. UBS Group increased their target price on Squarespace from $44.00 to $46.50 and gave the company a “neutral” rating in a report on Tuesday, September 10th. Mizuho lowered Squarespace from an “outperform” rating to a “neutral” rating and set a $44.00 price objective for the company. in a research report on Monday, August 5th. William Blair reiterated a “market perform” rating on shares of Squarespace in a report on Monday, October 14th. Finally, Barclays increased their price target on shares of Squarespace from $44.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 10th. Eleven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Squarespace presently has a consensus rating of “Hold” and an average price target of $43.14.

Squarespace 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.