Insider Selling: Square, Inc. (NYSE:SQ) CFO Sells 4,994 Shares of Stock

Square, Inc. (NYSE:SQ) CFO Amrita Ahuja sold 4,994 shares of the business’s stock in a transaction on Thursday, September 23rd. The stock was sold at an average price of $266.29, for a total value of $1,329,852.26. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Amrita Ahuja also recently made the following trade(s):

  • On Thursday, September 2nd, Amrita Ahuja sold 5,771 shares of Square stock. The stock was sold at an average price of $270.02, for a total value of $1,558,285.42.
  • On Monday, August 23rd, Amrita Ahuja sold 4,994 shares of Square stock. The shares were sold at an average price of $270.75, for a total value of $1,352,125.50.
  • On Monday, August 2nd, Amrita Ahuja sold 6,918 shares of Square stock. The shares were sold at an average price of $265.95, for a total value of $1,839,842.10.
  • On Friday, July 23rd, Amrita Ahuja sold 8,070 shares of Square stock. The shares were sold at an average price of $264.20, for a total value of $2,132,094.00.
  • On Friday, July 2nd, Amrita Ahuja sold 4,265 shares of Square stock. The shares were sold at an average price of $241.33, for a total value of $1,029,272.45.

Square stock traded down $4.39 during trading hours on Monday, hitting $258.11. The stock had a trading volume of 4,675,159 shares, compared to its average volume of 9,309,492. The company has a 50-day moving average of $261.68 and a two-hundred day moving average of $242.56. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 1.77. The company has a market cap of $118.65 billion, a PE ratio of 226.32, a price-to-earnings-growth ratio of 10.06 and a beta of 2.43. Square, Inc. has a fifty-two week low of $151.10 and a fifty-two week high of $289.23.

Square (NYSE:SQ) last posted its quarterly earnings results on Saturday, July 31st. The technology company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.31 by $0.35. Square had a return on equity of 16.94% and a net margin of 3.60%. The firm had revenue of $4.68 billion during the quarter, compared to analysts’ expectations of $5.05 billion. During the same quarter in the prior year, the firm posted $0.18 EPS. The company’s revenue for the quarter was up 143.3% on a year-over-year basis. As a group, analysts forecast that Square, Inc. will post 0.81 EPS for the current fiscal year.

A number of research analysts have commented on the company. DA Davidson assumed coverage on Square in a research note on Wednesday, June 23rd. They issued a “buy” rating and a $275.00 target price on the stock. Truist Securities boosted their target price on Square from $325.00 to $365.00 and gave the company a “buy” rating in a research note on Tuesday, August 3rd. Evercore ISI boosted their target price on Square from $361.00 to $371.00 and gave the company an “outperform” rating in a research note on Wednesday, September 15th. Robert W. Baird restated a “hold” rating and issued a $250.00 target price on shares of Square in a research note on Thursday, August 5th. Finally, Keefe, Bruyette & Woods boosted their target price on Square from $281.00 to $325.00 and gave the company an “outperform” rating in a research note on Tuesday, August 3rd. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Square has a consensus rating of “Buy” and a consensus target price of $275.50.

Several hedge funds have recently added to or reduced their stakes in SQ. MAI Capital Management grew its stake in shares of Square by 5.3% in the 1st quarter. MAI Capital Management now owns 2,585 shares of the technology company’s stock valued at $587,000 after purchasing an additional 129 shares during the period. Financial Advocates Investment Management grew its stake in shares of Square by 49.3% in the 1st quarter. Financial Advocates Investment Management now owns 6,976 shares of the technology company’s stock valued at $1,551,000 after purchasing an additional 2,303 shares during the period. Guardian Wealth Advisors LLC bought a new stake in shares of Square in the 1st quarter valued at approximately $116,000. Xponance Inc. grew its stake in shares of Square by 0.8% in the 1st quarter. Xponance Inc. now owns 38,759 shares of the technology company’s stock valued at $8,800,000 after purchasing an additional 295 shares during the period. Finally, Rational Advisors LLC grew its stake in shares of Square by 23.3% in the 1st quarter. Rational Advisors LLC now owns 11,258 shares of the technology company’s stock valued at $2,556,000 after purchasing an additional 2,130 shares during the period. Institutional investors own 62.65% of the company’s stock.

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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