Insider Selling: Square, Inc. (SQ) CEO Sells 103,035 Shares of Stock

Square, Inc. (NYSE:SQ) CEO Jack Dorsey sold 103,035 shares of the firm’s stock in a transaction dated Wednesday, October 17th. The stock was sold at an average price of $77.30, for a total value of $7,964,605.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • 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 value 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 value 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 value 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 value 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 value 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 value 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 value of $8,639,484.75.
  • On Wednesday, August 22nd, Jack Dorsey sold 103,035 shares of Square stock. The stock was 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.

Shares of Square stock traded down $0.89 on Friday, reaching $74.07. The company’s stock had a trading volume of 16,917,400 shares, compared to its average volume of 13,209,679. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.18 and a quick ratio of 2.18. The stock has a market capitalization of $32.03 billion, a PE ratio of -782.00 and a beta of 4.34. Square, Inc. has a 52-week low of $32.20 and a 52-week high of $101.15.

Square (NYSE:SQ) last issued its quarterly earnings results on Wednesday, August 1st. The technology company reported $0.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.14. The firm had revenue of $385.00 million for the quarter, compared to analyst estimates of $367.99 million. Square had a negative return on equity of 3.18% and a negative net margin of 2.30%. The business’s revenue was up 60.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.07 earnings per share. On average, equities research analysts anticipate that Square, Inc. will post -0.04 EPS for the current fiscal year.

SQ has been the subject of several research analyst reports. Nomura raised their price objective on Square from $65.00 to $82.00 and gave the stock a “buy” rating in a research note on Thursday, June 21st. Stephens cut Square from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, June 26th. Citigroup lifted their price target on Square from $47.00 to $67.00 and gave the company a “neutral” rating in a research report on Thursday, June 28th. SunTrust Banks lifted their price target on Square from $45.00 to $66.00 and gave the company a “hold” rating in a research report on Friday, June 29th. Finally, Zacks Investment Research cut Square from a “hold” rating to a “sell” rating in a research report on Tuesday, July 3rd. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $72.64.

Large investors have recently modified their holdings of the company. Centaurus Financial Inc. acquired a new stake in shares of Square in the second quarter worth approximately $100,000. Huntington National Bank boosted its stake in shares of Square by 1,725.0% in the second quarter. Huntington National Bank now owns 1,825 shares of the technology company’s stock worth $112,000 after acquiring an additional 1,725 shares during the last quarter. Rehmann Capital Advisory Group boosted its stake in shares of Square by 649.8% in the second quarter. Rehmann Capital Advisory Group now owns 2,317 shares of the technology company’s stock worth $143,000 after acquiring an additional 2,008 shares during the last quarter. Thompson Davis & CO. Inc. boosted its stake in shares of Square by 736.7% in the second quarter. Thompson Davis & CO. Inc. now owns 2,510 shares of the technology company’s stock worth $155,000 after acquiring an additional 2,210 shares during the last quarter. Finally, Resources Investment Advisors Inc. boosted its stake in shares of Square by 54.4% in the second quarter. Resources Investment Advisors Inc. now owns 2,980 shares of the technology company’s stock worth $184,000 after acquiring an additional 1,050 shares during the last quarter. 51.86% of the stock is currently owned by hedge funds and other 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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