Insider Selling: Square, Inc. (NYSE:SQ) CEO Sells 103,035 Shares of Stock

Square, Inc. (NYSE:SQ) CEO Jack Dorsey sold 103,035 shares of the company’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $74.23, for a total value of $7,648,288.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Wednesday, April 10th, Jack Dorsey sold 68,690 shares of Square stock. The stock was sold at an average price of $74.44, for a total value of $5,113,283.60.
  • On Wednesday, April 3rd, Jack Dorsey sold 103,035 shares of Square stock. The shares were sold at an average price of $76.88, for a total value of $7,921,330.80.
  • On Wednesday, March 20th, Jack Dorsey sold 103,035 shares of Square stock. The shares were sold at an average price of $75.08, for a total value of $7,735,867.80.
  • On Wednesday, March 13th, Jack Dorsey sold 103,035 shares of Square stock. The shares were sold at an average price of $77.35, for a total value of $7,969,757.25.
  • On Wednesday, March 6th, Jack Dorsey sold 103,035 shares of Square stock. The shares were sold at an average price of $75.33, for a total value of $7,761,626.55.
  • On Wednesday, February 27th, Jack Dorsey sold 103,035 shares of Square stock. The stock was sold at an average price of $78.04, for a total value of $8,040,851.40.
  • On Wednesday, February 20th, Jack Dorsey sold 103,035 shares of Square stock. The stock was sold at an average price of $77.16, for a total value of $7,950,180.60.
  • On Wednesday, February 13th, Jack Dorsey sold 103,035 shares of Square stock. The stock was sold at an average price of $76.45, for a total value of $7,877,025.75.
  • On Wednesday, February 6th, Jack Dorsey sold 103,035 shares of Square stock. The stock was sold at an average price of $71.83, for a total value of $7,401,004.05.
  • On Wednesday, January 30th, Jack Dorsey sold 103,035 shares of Square stock. The stock was sold at an average price of $70.33, for a total value of $7,246,451.55.

SQ stock opened at $70.74 on Friday. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $29.69 billion, a price-to-earnings ratio of 3,537.00, a P/E/G ratio of 20.21 and a beta of 3.64. Square, Inc. has a twelve month low of $43.72 and a twelve month high of $101.15.

Square (NYSE:SQ) last posted its quarterly earnings results on Wednesday, February 27th. The technology company reported $0.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.04. The firm had revenue of $464.00 million during the quarter, compared to the consensus estimate of $453.88 million. Square had a positive return on equity of 0.86% and a negative net margin of 1.17%. The business’s revenue was up 64.0% compared to the same quarter last year. During the same period last year, the company earned $0.08 earnings per share. On average, research analysts predict that Square, Inc. will post 0.14 earnings per share for the current fiscal year.

SQ has been the topic of a number of research analyst reports. Sanford C. Bernstein initiated coverage on Square in a research report on Tuesday, April 16th. They set a “market perform” rating and a $80.00 price target on the stock. Macquarie initiated coverage on Square in a research report on Wednesday, March 27th. They set an “outperform” rating and a $94.00 price target on the stock. KeyCorp dropped their price target on Square from $115.00 to $110.00 and set an “overweight” rating on the stock in a research report on Thursday, February 28th. Mizuho raised their price target on Square from $75.00 to $85.00 in a research report on Thursday, February 28th. Finally, Jefferies Financial Group raised their price target on Square to $73.00 and gave the stock a “hold” rating in a research report on Thursday, February 28th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $84.82.

Several hedge funds and other institutional investors have recently modified their holdings of SQ. Legacy Advisors LLC bought a new position in shares of Square during the 1st quarter worth approximately $27,000. Pearl River Capital LLC bought a new stake in Square in the 4th quarter valued at $28,000. Johnson Financial Group Inc. bought a new stake in Square in the 4th quarter valued at $28,000. TCI Wealth Advisors Inc. boosted its stake in Square by 171.5% in the 4th quarter. TCI Wealth Advisors Inc. now owns 524 shares of the technology company’s stock valued at $29,000 after purchasing an additional 331 shares during the period. Finally, Doyle Wealth Management bought a new stake in Square in the 4th quarter valued at $29,000. Institutional investors own 52.15% of the company’s stock.

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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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