Square, Inc. (SQ) CEO Sells $8,202,616.35 in Stock

Square, Inc. (NYSE:SQ) CEO Jack Dorsey sold 103,035 shares of Square stock in a transaction that occurred on Wednesday, November 7th. The stock was sold at an average price of $79.61, for a total transaction of $8,202,616.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Jack Dorsey also recently made the following trade(s):

  • On Wednesday, October 31st, Jack Dorsey sold 103,035 shares of Square stock. The stock was sold at an average price of $71.78, for a total transaction of $7,395,852.30.
  • On Wednesday, October 24th, Jack Dorsey sold 103,035 shares of Square stock. The stock was sold at an average price of $73.48, for a total transaction of $7,571,011.80.
  • On Wednesday, October 17th, Jack Dorsey sold 103,035 shares of Square stock. The stock was sold at an average price of $77.30, for a total transaction of $7,964,605.50.
  • On Wednesday, October 10th, Jack Dorsey sold 103,035 shares of Square stock. The stock was sold at an average price of $80.38, for a total transaction of $8,281,953.30.
  • On Wednesday, October 3rd, Jack Dorsey sold 103,035 shares of Square stock. The stock was sold at an average price of $97.67, for a total transaction of $10,063,428.45.
  • On Wednesday, September 26th, Jack Dorsey sold 103,035 shares of Square stock. The stock was sold at an average price of $95.28, for a total transaction of $9,817,174.80.
  • On Wednesday, September 19th, Jack Dorsey sold 103,035 shares of Square stock. The stock was sold at an average price of $87.31, for a total transaction of $8,995,985.85.
  • On Wednesday, September 12th, Jack Dorsey sold 103,035 shares of Square stock. The stock was sold at an average price of $90.40, for a total transaction of $9,314,364.00.
  • On Wednesday, September 5th, Jack Dorsey sold 103,035 shares of Square stock. The stock was sold at an average price of $89.71, for a total transaction of $9,243,269.85.
  • On Wednesday, August 29th, Jack Dorsey sold 103,035 shares of Square stock. The stock was sold at an average price of $83.85, for a total transaction of $8,639,484.75.

NYSE SQ traded down $1.96 during trading on Friday, reaching $73.27. The company’s stock had a trading volume of 17,254,739 shares, compared to its average volume of 20,881,962. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $33.94 billion, a PE ratio of -732.70 and a beta of 4.30. Square, Inc. has a 1-year low of $34.14 and a 1-year high of $101.15.

Square (NYSE:SQ) last posted its earnings results on Wednesday, November 7th. The technology company reported $0.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.02. The firm had revenue of $431.00 million during the quarter, compared to analysts’ expectations of $414.19 million. Square had a negative net margin of 0.87% and a negative return on equity of 1.18%. The company’s revenue was up 67.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.07 earnings per share. As a group, equities analysts anticipate that Square, Inc. will post -0.04 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of SQ. Dimensional Fund Advisors LP lifted its position in shares of Square by 17.2% in the first quarter. Dimensional Fund Advisors LP now owns 103,520 shares of the technology company’s stock valued at $5,093,000 after acquiring an additional 15,165 shares in the last quarter. DnB Asset Management AS lifted its position in shares of Square by 10.3% in the second quarter. DnB Asset Management AS now owns 25,800 shares of the technology company’s stock valued at $1,590,000 after acquiring an additional 2,400 shares in the last quarter. IFM Investors Pty Ltd lifted its position in shares of Square by 54.5% in the second quarter. IFM Investors Pty Ltd now owns 12,879 shares of the technology company’s stock valued at $794,000 after acquiring an additional 4,545 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of Square by 40.0% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 5,600 shares of the technology company’s stock valued at $345,000 after acquiring an additional 1,600 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its position in shares of Square by 55.0% in the second quarter. State of Alaska Department of Revenue now owns 34,760 shares of the technology company’s stock valued at $2,142,000 after acquiring an additional 12,340 shares in the last quarter. Hedge funds and other institutional investors own 51.25% of the company’s stock.

Several research firms recently commented on SQ. Buckingham Research upgraded shares of Square from a “neutral” rating to a “buy” rating and raised their price target for the stock from $65.00 to $85.00 in a report on Monday, August 6th. Credit Suisse Group upgraded shares of Square from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $44.00 to $81.00 in a report on Thursday, July 19th. Guggenheim raised their price target on shares of Square from $75.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, August 29th. Canaccord Genuity upgraded shares of Square from a “hold” rating to a “buy” rating and raised their price target for the stock from $60.00 to $90.00 in a report on Friday, October 12th. Finally, SunTrust Banks raised their price target on shares of Square to $74.00 and gave the stock a “buy” rating in a report on Wednesday, October 17th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $78.59.

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About Square

Square, Inc provides payment and point-of-sale solutions in the United States and internationally. The company's commerce ecosystem includes point-of-sale software and hardware that enables sellers to turn mobile and computing devices into payment and point-of-sale solutions. It offers hardware products, including Magstripe reader, which enables swiped transactions of magnetic stripe cards; Contactless and chip reader that accepts EMV® chip cards and Near Field Communication payments; Chip card reader, which accepts EMV® chip cards and enables swiped transactions of magnetic stripe cards; Square Stand, which enables an iPad to be used as a payment terminal or full point of sale solution; and Square Register that combines its hardware, point-of-sale software, and payments technology, as well as managed payments solutions.

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Insider Buying and Selling by Quarter for Square (NYSE:SQ)

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