Square, Inc. (SQ) CFO Sarah Friar Sells 38,400 Shares

Square, Inc. (NYSE:SQ) CFO Sarah Friar sold 38,400 shares of the stock in a transaction dated Friday, October 13th. The shares were sold at an average price of $32.81, for a total value of $1,259,904.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Sarah Friar also recently made the following trade(s):

  • On Wednesday, September 20th, Sarah Friar sold 19,200 shares of Square stock. The shares were sold at an average price of $28.41, for a total value of $545,472.00.
  • On Thursday, September 21st, Sarah Friar sold 38,400 shares of Square stock. The shares were sold at an average price of $28.36, for a total value of $1,089,024.00.
  • On Wednesday, August 23rd, Sarah Friar sold 19,200 shares of Square stock. The shares were sold at an average price of $25.54, for a total value of $490,368.00.
  • On Thursday, August 24th, Sarah Friar sold 38,400 shares of Square stock. The shares were sold at an average price of $25.58, for a total value of $982,272.00.
  • On Tuesday, July 18th, Sarah Friar sold 38,400 shares of Square stock. The shares were sold at an average price of $26.39, for a total value of $1,013,376.00.

Square, Inc. (NYSE SQ) opened at 34.11 on Friday. The company’s 50-day moving average price is $29.83 and its 200-day moving average price is $24.74. The company’s market cap is $13.09 billion. Square, Inc. has a 52-week low of $11.00 and a 52-week high of $34.75.

Square (NYSE:SQ) last posted its earnings results on Wednesday, August 2nd. The technology company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. The company had revenue of $240.00 million during the quarter, compared to analyst estimates of $228.64 million. Square had a negative return on equity of 12.41% and a negative net margin of 4.13%. Square’s revenue was up 40.4% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.08) earnings per share. Equities research analysts expect that Square, Inc. will post $0.24 EPS for the current fiscal year.

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Several equities research analysts recently weighed in on SQ shares. Vetr upgraded Square from a “buy” rating to a “strong-buy” rating and set a $26.28 target price for the company in a report on Monday, July 10th. Citigroup Inc. increased their price objective on Square from $30.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, October 18th. Zacks Investment Research upgraded Square from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Tuesday, August 1st. Oppenheimer Holdings, Inc. initiated coverage on Square in a report on Thursday, October 12th. They issued an “outperform” rating and a $35.00 price objective for the company. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $24.00 price objective on shares of Square in a report on Wednesday, July 26th. Eleven analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $26.75.

Hedge funds have recently modified their holdings of the company. Pacer Advisors Inc. increased its position in shares of Square by 22.7% during the first quarter. Pacer Advisors Inc. now owns 5,883 shares of the technology company’s stock worth $102,000 after purchasing an additional 1,090 shares in the last quarter. Almanack Investment Partners LLC. acquired a new position in shares of Square during the second quarter worth $117,000. Riverhead Capital Management LLC acquired a new position in shares of Square during the second quarter worth $149,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Square by 19.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,752 shares of the technology company’s stock worth $158,000 after purchasing an additional 1,099 shares in the last quarter. Finally, FNY Partners Fund LP increased its position in shares of Square by 55.4% during the first quarter. FNY Partners Fund LP now owns 10,100 shares of the technology company’s stock worth $174,000 after purchasing an additional 3,600 shares in the last quarter. 53.89% of the stock is currently owned by institutional investors and hedge funds.

Square Company Profile

Square, Inc (Square) is a commerce ecosystem. The Company enables its sellers start, run and grow their businesses. It combines software with hardware to enable sellers to turn mobile devices and computing devices into payments and point-of-sale solutions. Once a seller downloads the Square Point of Sale mobile application, they can take their first payment.

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

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