Square, Inc. (SQ) Insider Alyssa Henry Sells 25,000 Shares of Stock

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.



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

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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Insider Buying and Selling by Quarter for Square (NYSE:SQ)

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