UBS Group AG Purchases 157,462 Shares of Squarespace, Inc. (NYSE:SQSP)

UBS Group AG increased its position in Squarespace, Inc. (NYSE:SQSPFree Report) by 137.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 271,617 shares of the company’s stock after purchasing an additional 157,462 shares during the period. UBS Group AG owned 0.20% of Squarespace worth $8,966,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sunbelt Securities Inc. increased its stake in shares of Squarespace by 195.2% in the 3rd quarter. Sunbelt Securities Inc. now owns 2,477 shares of the company’s stock worth $72,000 after acquiring an additional 1,638 shares in the last quarter. Jump Financial LLC increased its stake in shares of Squarespace by 137.6% during the fourth quarter. Jump Financial LLC now owns 105,000 shares of the company’s stock valued at $3,466,000 after purchasing an additional 60,811 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Squarespace by 20.4% during the third quarter. Vanguard Group Inc. now owns 5,865,295 shares of the company’s stock valued at $169,918,000 after purchasing an additional 994,880 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Squarespace by 45.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 134,329 shares of the company’s stock worth $3,891,000 after purchasing an additional 41,745 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Squarespace by 9.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 341,525 shares of the company’s stock worth $9,894,000 after purchasing an additional 28,839 shares in the last quarter. Hedge funds and other institutional investors own 92.30% of the company’s stock.

Analyst Ratings Changes

SQSP has been the subject of a number of recent research reports. William Blair reiterated an “outperform” rating on shares of Squarespace in a research note on Wednesday, May 8th. B. Riley upped their price target on shares of Squarespace from $41.00 to $43.00 and gave the stock a “buy” rating in a research note on Thursday, February 29th. The Goldman Sachs Group raised their price objective on shares of Squarespace from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. JMP Securities reaffirmed a “market outperform” rating and issued a $45.00 target price on shares of Squarespace in a report on Tuesday, April 30th. Finally, Barclays increased their price target on shares of Squarespace from $40.00 to $44.00 and gave the company an “equal weight” rating in a report on Tuesday, May 14th. Nine investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $42.08.

Get Our Latest Stock Report on Squarespace

Insider Activity

In related news, insider Paul Gubbay sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $36.81, for a total value of $92,025.00. Following the transaction, the insider now owns 43,686 shares of the company’s stock, valued at $1,608,081.66. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, General Counsel Courtenay O’connor sold 20,622 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $32.02, for a total value of $660,316.44. Following the transaction, the general counsel now owns 44,189 shares of the company’s stock, valued at $1,414,931.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul Gubbay sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $36.81, for a total value of $92,025.00. Following the transaction, the insider now owns 43,686 shares of the company’s stock, valued at $1,608,081.66. The disclosure for this sale can be found here. Insiders sold 573,915 shares of company stock valued at $22,642,630 in the last quarter. 44.96% of the stock is currently owned by insiders.

Squarespace Stock Performance

SQSP stock opened at $43.75 on Tuesday. The company has a market cap of $6.02 billion, a price-to-earnings ratio of -875.00, a P/E/G ratio of 5.05 and a beta of 0.62. The business’s 50-day moving average is $38.48 and its two-hundred day moving average is $33.82. Squarespace, Inc. has a fifty-two week low of $26.70 and a fifty-two week high of $44.29.

Squarespace Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Squarespace (NYSE:SQSP)

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