Square, Inc. (NYSE:SQ) insider Alyssa Henry sold 25,000 shares of Square stock in a transaction on Monday, September 17th. The shares were sold at an average price of $88.13, for a total value of $2,203,250.00. Following the sale, the insider now directly owns 469,544 shares of the company’s stock, valued at approximately $41,380,912.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Alyssa Henry also recently made the following trade(s):
- On Tuesday, August 28th, Alyssa Henry sold 50,000 shares of Square stock. The shares were sold at an average price of $80.07, for a total value of $4,003,500.00.
- On Wednesday, August 15th, Alyssa Henry sold 75,000 shares of Square stock. The shares were sold at an average price of $72.42, for a total value of $5,431,500.00.
Shares of SQ traded up $1.26 during trading hours on Thursday, hitting $86.06. The company had a trading volume of 258,686 shares, compared to its average volume of 11,142,834. The company has a market cap of $36.11 billion, a P/E ratio of -866.90 and a beta of 4.36. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 0.99. Square, Inc. has a 52-week low of $27.21 and a 52-week high of $92.92.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Whale Rock Capital Management LLC purchased a new position in Square during the 1st quarter valued at about $180,818,000. Hsbc Holdings PLC increased its holdings in Square by 121.7% during the 1st quarter. Hsbc Holdings PLC now owns 1,523,396 shares of the technology company’s stock valued at $74,951,000 after purchasing an additional 836,256 shares during the period. Lord Abbett & CO. LLC purchased a new position in Square during the 1st quarter valued at about $40,131,000. American Century Companies Inc. increased its holdings in Square by 2,070.5% during the 2nd quarter. American Century Companies Inc. now owns 827,790 shares of the technology company’s stock valued at $51,025,000 after purchasing an additional 789,651 shares during the period. Finally, Korea Investment CORP purchased a new position in Square during the 2nd quarter valued at about $36,435,000. Hedge funds and other institutional investors own 51.87% of the company’s stock.
Several equities research analysts have issued reports on the company. Royal Bank of Canada lifted their price target 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 lifted their price target 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 reaffirmed a “buy” rating and set a $69.00 price target (up previously from $51.00) on shares of Square in a research note on Friday, June 1st. Stifel Nicolaus lifted their price target 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 lowered Square from a “buy” rating to a “neutral” rating and lifted their price target 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 given a hold rating and twenty have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $62.39.
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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