Square, Inc. (SQ) CEO Sells $6,562,299.15 in Stock

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Square, Inc. (NYSE:SQ) CEO Jack Dorsey sold 103,035 shares of the business’s stock in a transaction dated Wednesday, January 9th. The shares were sold at an average price of $63.69, for a total value of $6,562,299.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Wednesday, January 2nd, Jack Dorsey sold 103,035 shares of Square stock. The shares were sold at an average price of $53.89, for a total value of $5,552,556.15.
  • On Wednesday, December 26th, Jack Dorsey sold 103,035 shares of Square stock. The shares were sold at an average price of $51.57, for a total value of $5,313,514.95.
  • On Wednesday, December 19th, Jack Dorsey sold 103,035 shares of Square stock. The shares were sold at an average price of $61.11, for a total value of $6,296,468.85.
  • On Wednesday, December 12th, Jack Dorsey sold 103,035 shares of Square stock. The shares were sold at an average price of $63.92, for a total value of $6,585,997.20.
  • On Thursday, December 6th, Jack Dorsey sold 103,035 shares of Square stock. The shares were sold at an average price of $60.79, for a total value of $6,263,497.65.
  • On Wednesday, November 28th, Jack Dorsey sold 103,035 shares of Square stock. The shares were sold at an average price of $66.20, for a total value of $6,820,917.00.
  • On Wednesday, November 21st, Jack Dorsey sold 103,035 shares of Square stock. The shares were sold at an average price of $62.29, for a total value of $6,418,050.15.
  • On Wednesday, November 14th, Jack Dorsey sold 103,035 shares of Square stock. The shares were sold at an average price of $71.51, for a total value of $7,368,032.85.
  • On Wednesday, November 7th, Jack Dorsey sold 103,035 shares of Square stock. The shares were sold at an average price of $79.61, for a total value of $8,202,616.35.
  • On Wednesday, October 31st, Jack Dorsey sold 103,035 shares of Square stock. The shares were sold at an average price of $71.78, for a total value of $7,395,852.30.

SQ traded up $0.13 during midday trading on Friday, hitting $66.23. The stock had a trading volume of 14,437,055 shares, compared to its average volume of 18,926,326. The firm has a market cap of $27.26 billion, a P/E ratio of -662.30, a P/E/G ratio of 32.29 and a beta of 3.79. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.54 and a quick ratio of 1.54. Square, Inc. has a 1 year low of $36.76 and a 1 year high of $101.15.

Square (NYSE:SQ) last issued its earnings results on Wednesday, November 7th. The technology company reported $0.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.02. The business had revenue of $431.00 million during the quarter, compared to analyst estimates of $414.19 million. Square had a negative return on equity of 1.11% and a negative net margin of 0.87%. Square’s revenue for the quarter was up 67.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.07 earnings per share. On average, equities analysts anticipate that Square, Inc. will post -0.02 earnings per share for the current year.

Several brokerages have recently weighed in on SQ. Zacks Investment Research upgraded Square from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a research report on Wednesday. Susquehanna Bancshares reiterated a “neutral” rating on shares of Square in a research report on Thursday, November 8th. They noted that the move was a valuation call. Mizuho upped their price target on Square from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, November 8th. Canaccord Genuity reiterated a “buy” rating and set a $95.00 price target (up from $90.00) on shares of Square in a research report on Thursday, November 8th. They noted that the move was a valuation call. Finally, Nomura upped their price target on Square from $107.00 to $108.00 and gave the company a “buy” rating in a research report on Tuesday. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and twenty-two have assigned a buy rating to the company. Square has a consensus rating of “Buy” and a consensus price target of $83.82.

Institutional investors and hedge funds have recently modified their holdings of the business. Centaurus Financial Inc. purchased a new stake in shares of Square during the second quarter valued at approximately $100,000. Columbia Asset Management bought a new position in shares of Square during the third quarter valued at approximately $114,000. Panagora Asset Management Inc. bought a new position in shares of Square during the third quarter valued at approximately $119,000. Girard Partners LTD. bought a new position in shares of Square during the third quarter valued at approximately $138,000. Finally, Rehmann Capital Advisory Group raised its holdings in shares of Square by 649.8% during the second quarter. Rehmann Capital Advisory Group now owns 2,317 shares of the technology company’s stock valued at $143,000 after acquiring an additional 2,008 shares in the last quarter. 47.96% of the stock is owned by institutional investors and hedge funds.

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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 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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