Square, Inc. (SQ) CEO Jack Dorsey Sells 103,035 Shares of Stock

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Square, Inc. (NYSE:SQ) CEO Jack Dorsey sold 103,035 shares of the business’s stock in a transaction dated Wednesday, September 5th. The stock was sold at an average price of $89.71, for a total transaction of $9,243,269.85. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

  • On Wednesday, August 29th, Jack Dorsey sold 103,035 shares of Square stock. The stock was sold at an average price of $83.85, for a total transaction of $8,639,484.75.
  • On Wednesday, August 22nd, Jack Dorsey sold 103,035 shares of Square stock. The stock was sold at an average price of $76.02, for a total transaction of $7,832,720.70.
  • On Wednesday, August 15th, Jack Dorsey sold 103,035 shares of Square stock. The stock was sold at an average price of $73.93, for a total transaction of $7,617,377.55.

SQ stock traded up $1.43 on Friday, hitting $89.97. 10,495,000 shares of the company were exchanged, compared to its average volume of 10,958,731. Square, Inc. has a twelve month low of $26.40 and a twelve month high of $91.64. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.18 and a current ratio of 2.18. The firm has a market capitalization of $36.34 billion, a price-to-earnings ratio of -899.70 and a beta of 4.36.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SQ. Centaurus Financial Inc. purchased a new stake in Square during the second quarter worth approximately $100,000. Huntington National Bank grew its stake in Square by 1,725.0% during the second quarter. Huntington National Bank now owns 1,825 shares of the technology company’s stock worth $112,000 after buying an additional 1,725 shares during the period. Envestnet Asset Management Inc. grew its stake in Square by 1,476.2% during the first quarter. Envestnet Asset Management Inc. now owns 2,317 shares of the technology company’s stock worth $114,000 after buying an additional 2,170 shares during the period. McKinley Carter Wealth Services Inc. purchased a new stake in Square during the first quarter worth approximately $138,000. Finally, Thompson Davis & CO. Inc. grew its stake in Square by 736.7% during the second quarter. Thompson Davis & CO. Inc. now owns 2,510 shares of the technology company’s stock worth $155,000 after buying an additional 2,210 shares during the period. Institutional investors own 52.04% of the company’s stock.

A number of analysts recently commented on the stock. Buckingham Research raised shares of Square from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $65.00 to $85.00 in a report on Monday, August 6th. Credit Suisse Group raised shares of Square from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $44.00 to $81.00 in a report on Thursday, July 19th. Citigroup lifted their target price on shares of Square from $47.00 to $67.00 and gave the stock a “neutral” rating in a research report on Thursday, June 28th. Oppenheimer cut shares of Square from an “outperform” rating to a “market perform” rating in a research report on Tuesday, July 10th. Finally, Guggenheim lifted their target price on shares of Square from $75.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, August 29th. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twenty have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $60.89.

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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