Square, Inc. (NYSE:SQ) CEO Sells $22,743,000.00 in Stock

Square, Inc. (NYSE:SQ) CEO Jack Dorsey sold 100,000 shares of the business’s stock in a transaction on Monday, December 28th. The stock was sold at an average price of $227.43, for a total value of $22,743,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

  • On Monday, December 14th, Jack Dorsey sold 100,000 shares of Square stock. The stock was sold at an average price of $216.87, for a total value of $21,687,000.00.
  • On Monday, December 7th, Jack Dorsey sold 100,000 shares of Square stock. The shares were sold at an average price of $209.69, for a total transaction of $20,969,000.00.
  • On Monday, November 30th, Jack Dorsey sold 100,000 shares of Square stock. The stock was sold at an average price of $209.14, for a total transaction of $20,914,000.00.
  • On Monday, November 23rd, Jack Dorsey sold 100,000 shares of Square stock. The shares were sold at an average price of $202.74, for a total transaction of $20,274,000.00.

SQ stock opened at $217.64 on Friday. The business has a 50 day moving average price of $211.14 and a 200 day moving average price of $162.63. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.92. The stock has a market cap of $98.14 billion, a price-to-earnings ratio of 351.03 and a beta of 2.68. Square, Inc. has a fifty-two week low of $32.33 and a fifty-two week high of $243.38.

Square (NYSE:SQ) last released its quarterly earnings data on Thursday, November 5th. The technology company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.18. Square had a net margin of 5.15% and a negative return on equity of 1.20%. The company had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $2.08 billion. During the same quarter in the prior year, the firm posted $0.25 earnings per share. Square’s revenue for the quarter was up 139.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Square, Inc. will post -0.23 EPS for the current year.

SQ has been the topic of several analyst reports. BTIG Research reaffirmed a “buy” rating and set a $295.00 price target (up previously from $220.00) on shares of Square in a research report on Monday, December 21st. Smith Barney Citigroup upgraded Square from a “neutral” rating to a “buy” rating and lifted their target price for the company from $185.00 to $215.00 in a research report on Friday, November 6th. Morgan Stanley increased their price target on Square from $44.00 to $203.00 and gave the stock an “equal weight” rating in a report on Monday, November 30th. Seaport Global Securities began coverage on Square in a research report on Monday, December 7th. They set a “buy” rating and a $250.00 price objective for the company. Finally, 140166 upped their target price on shares of Square from $180.00 to $195.00 and gave the company a “positive” rating in a research report on Monday, October 5th. Three research analysts have rated the stock with a sell rating, twenty have issued a hold rating and twenty-five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $166.33.

Several hedge funds and other institutional investors have recently made changes to their positions in SQ. WealthPLAN Partners LLC increased its position in Square by 2.3% during the third quarter. WealthPLAN Partners LLC now owns 2,403 shares of the technology company’s stock worth $429,000 after buying an additional 54 shares during the period. Creative Financial Designs Inc. ADV raised its holdings in shares of Square by 4.6% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 1,284 shares of the technology company’s stock valued at $209,000 after buying an additional 56 shares during the period. Atticus Wealth Management LLC raised its holdings in shares of Square by 12.7% during the 3rd quarter. Atticus Wealth Management LLC now owns 648 shares of the technology company’s stock valued at $105,000 after buying an additional 73 shares during the period. Partnervest Advisory Services LLC raised its holdings in shares of Square by 2.3% during the 3rd quarter. Partnervest Advisory Services LLC now owns 3,596 shares of the technology company’s stock valued at $585,000 after buying an additional 82 shares during the period. Finally, Strategic Advisors LLC raised its holdings in shares of Square by 4.3% during the 3rd quarter. Strategic Advisors LLC now owns 2,117 shares of the technology company’s stock valued at $383,000 after buying an additional 87 shares during the period. 66.29% of the stock is owned by hedge funds and other institutional investors.

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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