Daiwa Securities Group Inc. grew its holdings in shares of Squarespace, Inc. (NYSE:SQSP – Free Report) by 24.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,628 shares of the company’s stock after buying an additional 712 shares during the period. Daiwa Securities Group Inc.’s holdings in Squarespace were worth $115,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also made changes to their positions in SQSP. Captrust Financial Advisors increased its position in Squarespace by 2,128.1% during the first quarter. Captrust Financial Advisors now owns 1,270 shares of the company’s stock worth $33,000 after buying an additional 1,213 shares during the period. Point72 Middle East FZE acquired a new position in Squarespace in the fourth quarter valued at $30,000. Advisors Asset Management Inc. purchased a new stake in shares of Squarespace in the first quarter valued at about $46,000. Clear Street Markets LLC acquired a new stake in shares of Squarespace during the fourth quarter worth about $43,000. Finally, Parkside Financial Bank & Trust purchased a new position in shares of Squarespace during the first quarter worth about $58,000. 40.38% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research analysts recently weighed in on the company. Citigroup raised Squarespace from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $30.00 to $40.00 in a report on Tuesday, April 25th. Credit Suisse Group raised their price target on Squarespace from $28.00 to $30.00 and gave the company a “neutral” rating in a research report on Wednesday, May 10th. Royal Bank of Canada increased their price objective on shares of Squarespace from $26.00 to $30.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 10th. B. Riley started coverage on shares of Squarespace in a research report on Wednesday, June 28th. They set a “buy” rating and a $40.00 target price for the company. Finally, Robert W. Baird began coverage on shares of Squarespace in a research note on Tuesday, April 11th. They set a “neutral” rating and a $34.00 price objective for the company. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Squarespace currently has an average rating of “Moderate Buy” and an average target price of $32.62.
Squarespace Trading Up 3.0 %
Insider Transactions at Squarespace
In other Squarespace news, CEO Anthony Casalena sold 34,517 shares of the business’s stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $30.13, for a total value of $1,039,997.21. Following the transaction, the chief executive officer now owns 4,895,658 shares in the company, valued at approximately $147,506,175.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Squarespace news, CEO Anthony Casalena sold 34,517 shares of the stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $30.13, for a total transaction of $1,039,997.21. Following the transaction, the chief executive officer now directly owns 4,895,658 shares in the company, valued at approximately $147,506,175.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Courtenay O’connor sold 2,091 shares of the business’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $30.55, for a total transaction of $63,880.05. Following the completion of the sale, the general counsel now directly owns 38,216 shares of the company’s stock, valued at approximately $1,167,498.80. The disclosure for this sale can be found here. Insiders sold 233,766 shares of company stock valued at $7,301,518 over the last quarter. Company insiders own 47.14% 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. Its suite of integrated products 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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