Insider Selling: Square, Inc. (NYSE:SQ) Insider Sells $1,553,800.00 in Stock

Square, Inc. (NYSE:SQ) insider Alyssa Henry sold 20,000 shares of the business’s stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $77.69, for a total transaction of $1,553,800.00. Following the completion of the transaction, the insider now owns 449,261 shares in the company, valued at approximately $34,903,087.09. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Alyssa Henry also recently made the following trade(s):

  • On Tuesday, June 11th, Alyssa Henry sold 20,000 shares of Square stock. The stock was sold at an average price of $70.22, for a total transaction of $1,404,400.00.
  • On Tuesday, May 14th, Alyssa Henry sold 20,000 shares of Square stock. The stock was sold at an average price of $64.20, for a total transaction of $1,284,000.00.

Shares of Square stock opened at $82.28 on Friday. The firm has a market cap of $33.60 billion, a price-to-earnings ratio of 4,114.00, a PEG ratio of 21.29 and a beta of 3.31. The firm has a 50-day moving average of $70.34. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.91. Square, Inc. has a 1 year low of $49.82 and a 1 year high of $101.15.

Square (NYSE:SQ) last issued its earnings results on Wednesday, May 1st. The technology company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.09). The company had revenue of $489.00 million during the quarter, compared to analyst estimates of $479.63 million. Square had a negative net margin of 1.47% and a positive return on equity of 1.86%. The business’s revenue for the quarter was up 59.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.06 EPS. Equities analysts expect that Square, Inc. will post 0.15 EPS for the current year.

Large investors have recently made changes to their positions in the stock. Western Wealth Management LLC grew its position in shares of Square by 1.9% during the 1st quarter. Western Wealth Management LLC now owns 14,395 shares of the technology company’s stock valued at $1,063,000 after buying an additional 270 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of Square by 100.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 70,549 shares of the technology company’s stock valued at $5,286,000 after buying an additional 35,438 shares during the last quarter. State of Wisconsin Investment Board grew its position in shares of Square by 81.0% during the 1st quarter. State of Wisconsin Investment Board now owns 177,665 shares of the technology company’s stock valued at $13,311,000 after buying an additional 79,533 shares during the last quarter. Legacy Bridge LLC grew its position in shares of Square by 3.2% during the 1st quarter. Legacy Bridge LLC now owns 6,360 shares of the technology company’s stock valued at $476,000 after buying an additional 200 shares during the last quarter. Finally, Aldebaran Financial Inc. grew its position in shares of Square by 0.9% during the 1st quarter. Aldebaran Financial Inc. now owns 17,400 shares of the technology company’s stock valued at $1,304,000 after buying an additional 150 shares during the last quarter. 51.98% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have commented on SQ shares. BMO Capital Markets set a $66.00 price objective on shares of CyrusOne and gave the stock a “buy” rating in a report on Friday, May 3rd. Macquarie boosted their price objective on shares of Shopify to $230.00 and gave the stock an “outperform” rating in a report on Wednesday, March 27th. Zacks Investment Research lowered shares of GENEL ENERGY PL/ADR from a “buy” rating to a “hold” rating in a report on Tuesday, May 7th. SunTrust Banks boosted their price objective on shares of Markel to $1,100.00 and gave the stock a “hold” rating in a report on Thursday, May 2nd. Finally, Argus upgraded shares of Brandywine Realty Trust from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a report on Monday, July 8th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have given a buy rating to the stock. Square has an average rating of “Buy” and a consensus target price of $86.49.

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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