Jack Dorsey Sells 103,035 Shares of Square, Inc. (SQ) Stock

Square, Inc. (NYSE:SQ) CEO Jack Dorsey sold 103,035 shares of the company’s stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $90.40, for a total value of $9,314,364.00. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

  • On Wednesday, September 5th, Jack Dorsey sold 103,035 shares of Square stock. The shares were sold at an average price of $89.71, for a total value of $9,243,269.85.
  • On Wednesday, August 29th, Jack Dorsey sold 103,035 shares of Square stock. The shares were sold at an average price of $83.85, for a total value of $8,639,484.75.
  • On Wednesday, August 22nd, Jack Dorsey sold 103,035 shares of Square stock. The shares were sold at an average price of $76.02, for a total value of $7,832,720.70.
  • On Wednesday, August 15th, Jack Dorsey sold 103,035 shares of Square stock. The stock was sold at an average price of $73.93, for a total value of $7,617,377.55.

NYSE:SQ opened at $90.82 on Monday. Square, Inc. has a 1 year low of $27.21 and a 1 year high of $92.92. The firm has a market capitalization of $37.12 billion, a PE ratio of -908.20 and a beta of 4.36. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 0.99.

Square (NYSE:SQ) last released its quarterly earnings results on Wednesday, August 1st. The technology company reported $0.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.14. Square had a negative return on equity of 3.18% and a negative net margin of 2.30%. The company had revenue of $385.00 million during the quarter, compared to analysts’ expectations of $367.99 million. During the same quarter in the prior year, the business posted $0.07 earnings per share. The company’s revenue for the quarter was up 60.4% compared to the same quarter last year. sell-side analysts predict that Square, Inc. will post -0.04 earnings per share for the current year.

SQ has been the subject of a number of recent research reports. Royal Bank of Canada upped their price objective on Square from $53.00 to $65.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 23rd. Needham & Company LLC upped their price objective on Square from $58.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, June 1st. Cantor Fitzgerald restated a “buy” rating and set a $69.00 price objective (up from $51.00) on shares of Square in a research note on Friday, June 1st. Stifel Nicolaus upped their price objective on Square from $55.00 to $66.00 and gave the stock a “buy” rating in a research note on Monday, June 4th. Finally, Buckingham Research downgraded Square from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $55.00 to $65.00 in a research note on Wednesday, June 13th. They noted that the move was a valuation call. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twenty have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $61.51.

Several large investors have recently added to or reduced their stakes in the company. Boston Family Office LLC acquired a new stake in shares of Square in the second quarter valued at $341,000. Cognios Capital LLC lifted its holdings in shares of Square by 18.2% in the second quarter. Cognios Capital LLC now owns 24,549 shares of the technology company’s stock valued at $1,513,000 after buying an additional 3,779 shares during the period. Brighton Jones LLC lifted its holdings in shares of Square by 39.1% in the second quarter. Brighton Jones LLC now owns 11,572 shares of the technology company’s stock valued at $713,000 after buying an additional 3,251 shares during the period. NumerixS Investment Technologies Inc lifted its holdings in shares of Square by 46.7% in the second quarter. NumerixS Investment Technologies Inc now owns 39,000 shares of the technology company’s stock valued at $2,400,000 after buying an additional 12,420 shares during the period. Finally, CIBC Asset Management Inc lifted its holdings in shares of Square by 12.2% in the second quarter. CIBC Asset Management Inc now owns 14,046 shares of the technology company’s stock valued at $866,000 after buying an additional 1,525 shares during the period. 51.95% of the stock is owned by institutional investors.

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 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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