Square, Inc. (NYSE:SQ) CEO Jack Dorsey Sells 103,035 Shares

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Square, Inc. (NYSE:SQ) CEO Jack Dorsey sold 103,035 shares of the company’s stock in a transaction dated Wednesday, January 16th. The stock was sold at an average price of $66.00, for a total transaction of $6,800,310.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

  • On Wednesday, February 6th, Jack Dorsey sold 103,035 shares of Square stock. The stock was sold at an average price of $71.83, for a total transaction of $7,401,004.05.
  • On Wednesday, January 30th, Jack Dorsey sold 103,035 shares of Square stock. The stock was sold at an average price of $70.33, for a total transaction of $7,246,451.55.
  • On Wednesday, January 23rd, Jack Dorsey sold 103,035 shares of Square stock. The shares were sold at an average price of $69.87, for a total transaction of $7,199,055.45.
  • On Wednesday, January 9th, Jack Dorsey sold 103,035 shares of Square stock. The shares were sold at an average price of $63.69, for a total transaction of $6,562,299.15.
  • 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $6,820,917.00.

NYSE SQ traded up $1.54 during trading hours on Friday, reaching $73.49. 9,943,156 shares of the company’s stock were exchanged, compared to its average volume of 16,327,341. Square, Inc. has a one year low of $36.76 and a one year high of $101.15. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.54 and a current ratio of 1.54. The stock has a market cap of $30.39 billion, a price-to-earnings ratio of -734.90, a PEG ratio of 35.99 and a beta of 3.68.

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

A number of research firms have issued reports on SQ. Susquehanna Bancshares restated a “neutral” rating on shares of Square in a research report on Thursday, November 8th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Square from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research report on Wednesday, January 9th. Mizuho upped their target price on shares of Square from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, November 8th. Canaccord Genuity reaffirmed a “buy” rating and issued a $95.00 price target (up from $90.00) on shares of Square in a research note on Thursday, November 8th. They noted that the move was a valuation call. Finally, Piper Jaffray Companies lowered their price target on Square from $94.00 to $92.00 and set a “neutral” rating for the company in a research note on Thursday, November 8th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $83.55.

A number of large investors have recently added to or reduced their stakes in the business. ETRADE Capital Management LLC boosted its position in Square by 189.4% during the 4th quarter. ETRADE Capital Management LLC now owns 10,975 shares of the technology company’s stock worth $616,000 after acquiring an additional 7,183 shares during the last quarter. Nikko Asset Management Americas Inc. boosted its position in Square by 45.3% during the 4th quarter. Nikko Asset Management Americas Inc. now owns 4,238,388 shares of the technology company’s stock worth $237,731,000 after acquiring an additional 1,321,321 shares during the last quarter. Hodges Capital Management Inc. boosted its position in Square by 25.8% during the 4th quarter. Hodges Capital Management Inc. now owns 114,375 shares of the technology company’s stock worth $6,415,000 after acquiring an additional 23,475 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in Square by 7.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,559,091 shares of the technology company’s stock worth $87,450,000 after acquiring an additional 108,937 shares during the last quarter. Finally, Utah Retirement Systems boosted its position in Square by 0.8% during the 4th quarter. Utah Retirement Systems now owns 53,600 shares of the technology company’s stock worth $3,007,000 after acquiring an additional 400 shares during the last quarter. 48.57% of the stock is owned by hedge funds and other institutional investors.

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About Square

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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