Quadrature Capital Ltd Acquires 4,350 Shares of Squarespace, Inc. (NYSE:SQSP)

Quadrature Capital Ltd increased its holdings in shares of Squarespace, Inc. (NYSE:SQSP) by 20.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,832 shares of the company’s stock after purchasing an additional 4,350 shares during the quarter. Quadrature Capital Ltd’s holdings in Squarespace were worth $853,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Sunbelt Securities Inc. grew its holdings in shares of Squarespace by 195.2% in the 3rd quarter. Sunbelt Securities Inc. now owns 2,477 shares of the company’s stock valued at $72,000 after acquiring an additional 1,638 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of Squarespace by 3,201.0% during the 4th quarter. International Assets Investment Management LLC now owns 3,301 shares of the company’s stock worth $100,000 after purchasing an additional 3,201 shares during the last quarter. Amalgamated Bank raised its stake in shares of Squarespace by 12.4% during the 3rd quarter. Amalgamated Bank now owns 5,106 shares of the company’s stock worth $148,000 after purchasing an additional 565 shares in the last quarter. Handelsbanken Fonder AB bought a new stake in Squarespace during the fourth quarter worth $244,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Squarespace by 6.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,658 shares of the company’s stock valued at $319,000 after acquiring an additional 572 shares during the last quarter. Institutional investors own 92.30% of the company’s stock.

Wall Street Analysts Forecast Growth

SQSP has been the topic of a number of research analyst reports. UBS Group reaffirmed a “neutral” rating and issued a $44.00 target price (up from $43.00) on shares of Squarespace in a report on Tuesday, May 14th. B. Riley cut 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. William Blair reissued an “outperform” rating on shares of Squarespace in a report on Wednesday, May 8th. JMP Securities reaffirmed a “market outperform” rating and set a $45.00 price target on shares of Squarespace in a report on Tuesday, April 30th. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $44.00 price objective (down from $45.00) on shares of Squarespace in a research report on Monday, May 13th. Ten investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Squarespace currently has an average rating of “Hold” and a consensus target price of $42.08.

Squarespace Stock Up 0.3 %

Shares of Squarespace stock opened at $43.66 on Friday. The stock has a market capitalization of $6.00 billion, a price-to-earnings ratio of -873.20, a price-to-earnings-growth ratio of 5.00 and a beta of 0.63. Squarespace, Inc. has a twelve month low of $26.70 and a twelve month high of $44.29. The company has a 50-day simple moving average of $40.18 and a two-hundred day simple moving average of $35.07.

Insider Transactions at Squarespace

In related news, CEO Anthony Casalena sold 40,189 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $35.54, for a total value of $1,428,317.06. Following the completion of the sale, the chief executive officer now directly owns 2,800,558 shares in the company, valued at $99,531,831.32. The sale was disclosed in a filing with the SEC, which is available at this link. In other Squarespace news, Director Jonathan D. Klein sold 2,053 shares of the firm’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $37.52, for a total value of $77,028.56. Following the transaction, the director now directly owns 652,080 shares of the company’s stock, valued at approximately $24,466,041.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Anthony Casalena sold 40,189 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $35.54, for a total transaction of $1,428,317.06. Following the completion of the transaction, the chief executive officer now owns 2,800,558 shares of the company’s stock, valued at $99,531,831.32. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 550,664 shares of company stock valued at $21,911,990. 44.96% of the stock is currently owned by company insiders.

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.