Square Inc (SQ) Insider Ajmere Dale Sells 2,814 Shares

Square Inc (NYSE:SQ) insider Ajmere Dale sold 2,814 shares of Square stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $37.23, for a total value of $104,765.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Ajmere Dale also recently made the following trade(s):

  • On Friday, November 10th, Ajmere Dale sold 17,446 shares of Square stock. The shares were sold at an average price of $38.98, for a total value of $680,045.08.
  • On Monday, November 13th, Ajmere Dale sold 20,286 shares of Square stock. The shares were sold at an average price of $39.12, for a total value of $793,588.32.

Shares of Square Inc (NYSE:SQ) traded up $0.73 during trading on Tuesday, hitting $37.60. The stock had a trading volume of 21,270,732 shares, compared to its average volume of 9,000,995. Square Inc has a fifty-two week low of $13.03 and a fifty-two week high of $49.56. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.81 and a current ratio of 1.81.

Square (NYSE:SQ) last issued its earnings results on Wednesday, November 8th. The technology company reported $0.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.02. The business had revenue of $257.12 million for the quarter, compared to analysts’ expectations of $244.95 million. Square had a negative return on equity of 7.98% and a negative net margin of 3.04%. The business’s revenue for the quarter was up 44.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.01 EPS. analysts expect that Square Inc will post -0.16 earnings per share for the current fiscal year.

Several brokerages recently weighed in on SQ. Credit Suisse Group restated a “neutral” rating and issued a $26.00 price target (up previously from $25.00) on shares of Square in a research note on Wednesday, August 9th. Royal Bank Of Canada restated an “outperform” rating and issued a $31.00 price target (up previously from $24.00) on shares of Square in a research note on Wednesday, August 9th. Canaccord Genuity restated a “hold” rating and issued a $26.00 price target (up previously from $18.00) on shares of Square in a research note on Wednesday, August 9th. Barclays restated an “overweight” rating and issued a $28.00 price target (up previously from $21.00) on shares of Square in a research note on Wednesday, August 9th. Finally, Zacks Investment Research lowered Square from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-four have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $33.82.

Several institutional investors have recently modified their holdings of SQ. Teachers Advisors LLC boosted its holdings in shares of Square by 11.6% during the 1st quarter. Teachers Advisors LLC now owns 256,516 shares of the technology company’s stock worth $4,433,000 after purchasing an additional 26,712 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Square by 12.9% during the 1st quarter. Geode Capital Management LLC now owns 230,557 shares of the technology company’s stock worth $3,984,000 after purchasing an additional 26,262 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of Square by 101.7% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 45,653 shares of the technology company’s stock worth $789,000 after purchasing an additional 23,021 shares during the last quarter. Bank of Montreal Can boosted its holdings in shares of Square by 3,894.2% during the 2nd quarter. Bank of Montreal Can now owns 41,540 shares of the technology company’s stock worth $974,000 after purchasing an additional 40,500 shares during the last quarter. Finally, Aperio Group LLC acquired a new position in shares of Square during the 2nd quarter worth approximately $225,000. Institutional investors and hedge funds own 54.31% of the company’s stock.

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About Square

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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