Square, Inc. (NYSE:SQ) insider Alyssa Henry sold 20,000 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $60.26, for a total value of $1,205,200.00. Following the completion of the transaction, the insider now directly owns 442,168 shares in the company, valued at $26,645,043.68. The sale was disclosed in a filing with the SEC, which is available through this link.
Alyssa Henry also recently made the following trade(s):
- On Tuesday, August 13th, Alyssa Henry sold 20,000 shares of Square stock. The stock was sold at an average price of $61.86, for a total value of $1,237,200.00.
- On Tuesday, July 9th, Alyssa Henry sold 20,000 shares of Square stock. The stock was sold at an average price of $77.69, for a total value of $1,553,800.00.
Shares of Square stock traded down $1.41 during trading hours on Thursday, reaching $57.79. The stock had a trading volume of 14,699,070 shares, compared to its average volume of 10,432,090. The stock’s 50 day moving average is $66.46 and its 200 day moving average is $71.03. The firm has a market capitalization of $26.26 billion, a PE ratio of 2,889.50, a PEG ratio of 20.89 and a beta of 3.41. Square, Inc. has a twelve month low of $49.82 and a twelve month high of $101.15. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.87.
Institutional investors have recently bought and sold shares of the company. AdvisorNet Financial Inc boosted its position in shares of Square by 1.5% during the 2nd quarter. AdvisorNet Financial Inc now owns 9,338 shares of the technology company’s stock worth $677,000 after purchasing an additional 140 shares during the period. Atlantic Trust LLC raised its holdings in shares of Square by 38.9% in the 2nd quarter. Atlantic Trust LLC now owns 521 shares of the technology company’s stock valued at $38,000 after purchasing an additional 146 shares in the last quarter. Cresset Asset Management LLC raised its holdings in shares of Square by 6.6% in the 2nd quarter. Cresset Asset Management LLC now owns 2,940 shares of the technology company’s stock valued at $213,000 after purchasing an additional 181 shares in the last quarter. Hilltop Holdings Inc. raised its stake in Square by 4.2% during the 2nd quarter. Hilltop Holdings Inc. now owns 4,776 shares of the technology company’s stock worth $347,000 after acquiring an additional 191 shares in the last quarter. Finally, Meridian Wealth Management LLC raised its stake in Square by 4.4% during the 1st quarter. Meridian Wealth Management LLC now owns 4,677 shares of the technology company’s stock worth $351,000 after acquiring an additional 199 shares in the last quarter. 55.74% of the stock is owned by institutional investors and hedge funds.
Several brokerages recently weighed in on SQ. Wedbush restated a “neutral” rating on shares of Square in a research report on Monday, July 1st. Canaccord Genuity downgraded Square from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $88.00 to $64.00 in a research report on Thursday. SunTrust Banks upgraded Square from a “hold” rating to a “buy” rating in a research report on Tuesday, September 3rd. Rosenblatt Securities initiated coverage on Square in a research note on Monday, August 19th. They set a “neutral” rating and a $68.00 target price for the company. Finally, Argus initiated coverage on Square in a research note on Monday, July 8th. They issued a “buy” rating and a $94.00 price objective for the company. Four equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $81.58.
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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