Square, Inc. (SQ) Director Sells $18,760,000.00 in Stock

Square, Inc. (NYSE:SQ) Director James Morgan Jr. Mckelvey sold 400,000 shares of the firm’s stock in a transaction dated Monday, April 16th. The stock was sold at an average price of $46.90, for a total value of $18,760,000.00. Following the sale, the director now owns 468,223 shares of the company’s stock, valued at $21,959,658.70. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

James Morgan Jr. Mckelvey also recently made the following trade(s):

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  • On Tuesday, March 13th, James Morgan Jr. Mckelvey sold 400,000 shares of Square stock. The stock was sold at an average price of $52.13, for a total value of $20,852,000.00.
  • On Tuesday, February 20th, James Morgan Jr. Mckelvey sold 400,000 shares of Square stock. The stock was sold at an average price of $45.66, for a total value of $18,264,000.00.

SQ opened at $51.46 on Friday. Square, Inc. has a twelve month low of $17.32 and a twelve month high of $58.46. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.83 and a quick ratio of 1.83. The company has a market capitalization of $20,364.77, a P/E ratio of -514.60 and a beta of 4.21.

Square (NYSE:SQ) last posted its earnings results on Tuesday, February 27th. The technology company reported $0.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.01. Square had a negative return on equity of 6.60% and a negative net margin of 2.84%. The firm had revenue of $616.04 million during the quarter, compared to analyst estimates of $601.63 million. equities analysts expect that Square, Inc. will post 0.02 earnings per share for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Strs Ohio acquired a new stake in Square in the 4th quarter worth approximately $110,000. Harvest Fund Management Co. Ltd acquired a new stake in Square in the 4th quarter worth approximately $131,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Square in the 4th quarter worth approximately $139,000. American International Group Inc. acquired a new stake in Square in the 4th quarter worth approximately $200,000. Finally, Commerce Bank acquired a new stake in Square in the 4th quarter worth approximately $201,000. Hedge funds and other institutional investors own 52.42% of the company’s stock.

A number of brokerages have commented on SQ. Stephens restated a “buy” rating and set a $41.00 price objective on shares of Square in a research report on Wednesday, January 10th. Deutsche Bank raised their price objective on Square from $37.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. Susquehanna Bancshares raised their price objective on Square from $43.00 to $51.00 and gave the stock a “positive” rating in a research report on Monday, February 5th. Zacks Investment Research upgraded Square from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research report on Monday, February 5th. Finally, Vetr upgraded Square from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research report on Monday, February 5th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty-five have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $43.85.

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Square Company Profile

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 Europay, MasterCard, and Visa (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.

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

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