Creative Planning Acquires 5,528 Shares of Squarespace, Inc. (NYSE:SQSP)

Creative Planning boosted its position in shares of Squarespace, Inc. (NYSE:SQSP) by 108.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,637 shares of the company’s stock after purchasing an additional 5,528 shares during the period. Creative Planning’s holdings in Squarespace were worth $494,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. grew its holdings in Squarespace by 5.0% during the 1st quarter. Russell Investments Group Ltd. now owns 253,812 shares of the company’s stock valued at $9,263,000 after purchasing an additional 12,180 shares during the last quarter. Vanguard Group Inc. grew its holdings in Squarespace by 5.6% during the 1st quarter. Vanguard Group Inc. now owns 6,699,064 shares of the company’s stock valued at $244,114,000 after purchasing an additional 354,057 shares during the last quarter. Acadian Asset Management LLC grew its holdings in Squarespace by 24.0% during the 1st quarter. Acadian Asset Management LLC now owns 1,637,361 shares of the company’s stock valued at $59,643,000 after purchasing an additional 317,416 shares during the last quarter. Glazer Capital LLC bought a new position in Squarespace during the 2nd quarter valued at about $96,206,000. Finally, Alpine Associates Management Inc. bought a new position in Squarespace during the 2nd quarter valued at about $14,428,000. 92.30% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on SQSP. Barclays boosted their price objective on shares of Squarespace from $44.00 to $47.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 10th. UBS Group boosted their price objective on shares of Squarespace from $44.00 to $46.50 and gave the company a “neutral” rating in a research report on Tuesday, September 10th. William Blair reissued a “market perform” rating on shares of Squarespace in a research report on Monday, October 14th. Finally, Mizuho cut shares of 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. Eleven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Squarespace has a consensus rating of “Hold” and a consensus price target of $43.14.

Insider Buying and Selling

In other Squarespace news, insider Paul Gubbay sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $44.12, for a total transaction of $110,300.00. Following the transaction, the insider now owns 37,486 shares in the company, valued at approximately $1,653,882.32. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CEO Anthony Casalena sold 38,466 shares of the stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $45.26, for a total value of $1,740,971.16. Following the sale, the chief executive officer now owns 1,527,820 shares in the company, valued at $69,149,133.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul Gubbay sold 2,500 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $44.12, for a total transaction of $110,300.00. Following the completion of the sale, the insider now owns 37,486 shares in the company, valued at $1,653,882.32. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,399,634 shares of company stock worth $669,483,940 in the last 90 days. 44.96% of the stock is owned by corporate insiders.

Squarespace Price Performance

NYSE SQSP opened at $46.57 on Thursday. The firm has a market cap of $6.40 billion, a PE ratio of -931.40, a price-to-earnings-growth ratio of 8.33 and a beta of 0.62. The company has a 50 day moving average price of $46.28 and a 200 day moving average price of $43.90. Squarespace, Inc. has a 52 week low of $26.70 and a 52 week high of $46.69.

Squarespace Company 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.