Squarespace, Inc. (NYSE:SQSP) Shares Purchased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D grew its stake in shares of Squarespace, Inc. (NYSE:SQSP) by 3.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,031 shares of the company’s stock after acquiring 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 quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of SQSP. Nisa Investment Advisors LLC increased its holdings in Squarespace by 3.8% in the second quarter. Nisa Investment Advisors LLC now owns 9,522 shares of the company’s stock valued at $415,000 after buying an additional 352 shares during the last quarter. Ameritas Investment Partners Inc. increased its holdings in shares of Squarespace by 8.4% in the 1st quarter. Ameritas Investment Partners Inc. now owns 5,666 shares of the company’s stock valued at $206,000 after acquiring an additional 437 shares during the last quarter. Ellsworth Advisors LLC raised its position in shares of Squarespace by 3.6% during the 3rd quarter. Ellsworth Advisors LLC now owns 14,883 shares of the company’s stock valued at $691,000 after acquiring an additional 513 shares in the last quarter. Handelsbanken Fonder AB lifted its stake in Squarespace by 3.6% during the third quarter. Handelsbanken Fonder AB now owns 17,200 shares of the company’s stock worth $799,000 after purchasing an additional 600 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Squarespace by 1.6% in the third quarter. Principal Financial Group Inc. now owns 47,703 shares of the company’s stock worth $2,215,000 after purchasing an additional 736 shares during the period. Institutional investors own 92.30% of the company’s stock.

Insider Activity at Squarespace

In other news, Director Andrew Braccia sold 13,929,575 shares of the company’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $46.50, for a total value of $647,725,237.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Anthony Casalena sold 38,466 shares of Squarespace stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $45.26, for a total value of $1,740,971.16. Following the transaction, the chief executive officer now directly owns 1,527,820 shares in the company, valued at approximately $69,149,133.20. The trade was a 2.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,397,134 shares of company stock worth $669,373,640 in the last 90 days. Corporate insiders own 44.96% of the company’s stock.

Squarespace Stock Performance

Shares of SQSP opened at $46.57 on Friday. Squarespace, Inc. has a one year low of $26.70 and a one year high of $46.69. The stock’s fifty day moving average is $46.48 and its 200-day moving average is $44.39. The firm has a market capitalization of $6.40 billion, a price-to-earnings ratio of -931.40, a price-to-earnings-growth ratio of 8.33 and a beta of 0.62.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Barclays raised 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. UBS Group lifted their target price on Squarespace from $44.00 to $46.50 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. William Blair reiterated a “market perform” rating on shares of Squarespace in a research report on Monday, October 14th. Finally, 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. Eleven analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus 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.