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

Creative Planning grew its position in shares of Squarespace, Inc. (NYSE:SQSP) by 108.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,637 shares of the company’s stock after acquiring 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 and other institutional investors have also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Squarespace during the second quarter valued at approximately $71,000. CWM LLC increased its stake in shares of Squarespace by 185.6% during the second quarter. CWM LLC now owns 2,016 shares of the company’s stock valued at $88,000 after purchasing an additional 1,310 shares in the last quarter. Quest Partners LLC increased its stake in shares of Squarespace by 1,828.9% during the second quarter. Quest Partners LLC now owns 2,739 shares of the company’s stock valued at $120,000 after purchasing an additional 2,597 shares in the last quarter. Sagefield Capital LP bought a new position in shares of Squarespace during the second quarter valued at approximately $197,000. Finally, Ameritas Investment Partners Inc. increased its stake in shares of Squarespace by 8.4% during the first quarter. Ameritas Investment Partners Inc. now owns 5,666 shares of the company’s stock valued at $206,000 after purchasing an additional 437 shares in the last quarter. 92.30% of the stock is owned by institutional investors.

Insider Activity at Squarespace

In related news, CEO Anthony Casalena sold 92,511 shares of Squarespace stock in a transaction on Monday, October 14th. The shares were sold at an average price of $46.51, for a total transaction of $4,302,686.61. Following the transaction, the chief executive officer now owns 880,909 shares in the company, valued at approximately $40,971,077.59. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Squarespace news, CEO Anthony Casalena sold 92,511 shares of Squarespace stock in a transaction on Monday, October 14th. The shares were sold at an average price of $46.51, for a total value of $4,302,686.61. Following the sale, the chief executive officer now directly owns 880,909 shares in the company, valued at approximately $40,971,077.59. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Andrew Braccia sold 13,929,575 shares of Squarespace stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $46.50, for a total transaction of $647,725,237.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,399,634 shares of company stock worth $669,483,940. 44.96% of the stock is owned by corporate insiders.

Squarespace Price Performance

Shares of Squarespace stock opened at $46.57 on Thursday. The company’s fifty day simple moving average is $46.28 and its 200-day simple moving average is $43.90. The stock has a market capitalization of $6.40 billion, a PE ratio of -931.40, a P/E/G ratio of 8.33 and a beta of 0.62. Squarespace, Inc. has a 1-year low of $26.70 and a 1-year high of $46.69.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on SQSP shares. Barclays raised their price target 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. Mizuho downgraded shares of Squarespace from an “outperform” rating to a “neutral” rating and set a $44.00 price target for the company. in a research report on Monday, August 5th. William Blair reissued a “market perform” rating on shares of Squarespace in a research report on Monday, October 14th. Finally, UBS Group raised their price target 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. Eleven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $43.14.

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.