AQR Capital Management LLC Has $1.33 Million Stock Holdings in Squarespace, Inc. (NYSE:SQSP)

AQR Capital Management LLC decreased its holdings in shares of Squarespace, Inc. (NYSE:SQSP) by 78.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,471 shares of the company’s stock after selling 111,074 shares during the period. AQR Capital Management LLC’s holdings in Squarespace were worth $1,329,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Brooklyn FI LLC acquired a new position in Squarespace during the first quarter worth $679,000. Russell Investments Group Ltd. boosted its position in Squarespace by 5.0% in the first quarter. Russell Investments Group Ltd. now owns 253,812 shares of the company’s stock valued at $9,263,000 after buying an additional 12,180 shares in the last quarter. Vanguard Group Inc. boosted its position in Squarespace by 5.6% in the first quarter. Vanguard Group Inc. now owns 6,699,064 shares of the company’s stock valued at $244,114,000 after buying an additional 354,057 shares in the last quarter. Hawk Ridge Capital Management LP bought a new stake in Squarespace during the fourth quarter worth about $9,648,000. Finally, Acadian Asset Management LLC increased its holdings in shares of Squarespace by 24.0% during the first quarter. Acadian Asset Management LLC now owns 1,637,361 shares of the company’s stock worth $59,643,000 after buying an additional 317,416 shares in the last quarter. 92.30% of the stock is owned by institutional investors and hedge funds.

Squarespace Price Performance

Squarespace stock opened at $46.49 on Friday. The company has a market capitalization of $6.39 billion, a P/E ratio of -929.80, a P/E/G ratio of 8.32 and a beta of 0.62. The business has a 50 day moving average of $45.57 and a 200-day moving average of $42.51. Squarespace, Inc. has a 1 year low of $26.70 and a 1 year high of $46.54.

Squarespace (NYSE:SQSP) last posted its quarterly earnings data on Friday, August 2nd. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.07). The firm had revenue of $296.80 million for the quarter, compared to the consensus estimate of $293.12 million. The business’s revenue was up 19.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.03 earnings per share. Equities analysts anticipate that Squarespace, Inc. will post 0.28 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Barclays raised their price target on Squarespace from $44.00 to $47.00 and gave the company an “equal weight” rating in a report on Tuesday, September 10th. Mizuho lowered shares of Squarespace from an “outperform” rating to a “neutral” rating and set a $44.00 target price for the company. in a research note on Monday, August 5th. Finally, UBS Group boosted their price target on Squarespace from $44.00 to $46.50 and gave the company a “neutral” rating in a report on Tuesday, September 10th. Ten analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $43.14.

Insider Activity at Squarespace

In related news, CEO Anthony Casalena sold 38,900 shares of the business’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $46.42, for a total value of $1,805,738.00. Following the completion of the sale, the chief executive officer now directly owns 1,229,920 shares of the company’s stock, valued at $57,092,886.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider Paul Gubbay sold 2,500 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $46.29, for a total transaction of $115,725.00. Following the completion of the sale, the insider now directly owns 46,269 shares of the company’s stock, valued at approximately $2,141,792.01. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Anthony Casalena sold 38,900 shares of Squarespace stock in a transaction on Monday, September 30th. The stock was sold at an average price of $46.42, for a total value of $1,805,738.00. Following the sale, the chief executive officer now owns 1,229,920 shares in the company, valued at $57,092,886.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 356,089 shares of company stock worth $16,154,005 in the last quarter. Company insiders own 44.96% of the company’s stock.

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.