Square Inc (SQ) CEO Jack Dorsey Sells 50,000 Shares

Square Inc (NYSE:SQ) CEO Jack Dorsey sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $38.42, for a total transaction of $1,921,000.00. 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 Wednesday, November 29th, Jack Dorsey sold 50,000 shares of Square stock. The stock was sold at an average price of $40.48, for a total transaction of $2,024,000.00.

Square Inc (SQ) traded up $1.12 during mid-day trading on Friday, reaching $38.73. The company’s stock had a trading volume of 23,721,600 shares, compared to its average volume of 9,147,343. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.48. Square Inc has a 12 month low of $13.53 and a 12 month high of $49.56.

Square (NYSE:SQ) last posted its earnings results on Wednesday, November 8th. The technology company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. The company had revenue of $257.12 million for the quarter, compared to analysts’ expectations of $244.95 million. Square had a negative return on equity of 7.98% and a negative net margin of 3.04%. The firm’s quarterly revenue was up 44.6% compared to the same quarter last year. During the same period last year, the business posted $0.01 earnings per share. analysts predict that Square Inc will post -0.16 EPS for the current year.

A number of hedge funds have recently bought and sold shares of SQ. Almanack Investment Partners LLC. bought a new stake in shares of Square during the second quarter valued at about $117,000. Riverhead Capital Management LLC bought a new stake in shares of Square during the second quarter valued at about $149,000. Hudock Capital Group LLC bought a new stake in shares of Square during the third quarter valued at about $157,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Square by 19.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,752 shares of the technology company’s stock valued at $158,000 after purchasing an additional 1,099 shares in the last quarter. Finally, Pacer Advisors Inc. raised its stake in shares of Square by 42.2% during the second quarter. Pacer Advisors Inc. now owns 8,368 shares of the technology company’s stock valued at $196,000 after purchasing an additional 2,485 shares in the last quarter. Institutional investors own 54.31% of the company’s stock.

A number of analysts have recently weighed in on the stock. Credit Suisse Group reissued a “positive” rating and set a $37.00 price target (up previously from $31.00) on shares of Square in a research report on Monday, November 20th. Citigroup downgraded shares of Square from a “buy” rating to a “neutral” rating and set a $38.00 price target for the company. in a research report on Thursday, November 9th. Cantor Fitzgerald raised their price target on shares of Square to $41.00 and gave the stock an “overweight” rating in a research report on Thursday, November 9th. Canaccord Genuity raised their price target on shares of Square from $26.00 to $33.00 and gave the stock a “hold” rating in a research report on Thursday, November 9th. Finally, Barclays raised their price target on shares of Square from $28.00 to $37.00 and gave the stock an “overweight” rating in a research report on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-four have given a buy rating to the company’s stock. Square currently has a consensus rating of “Buy” and a consensus price target of $33.82.

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Square Company Profile

Square, Inc (Square) is a commerce ecosystem. The Company enables its sellers start, run and grow their businesses. It combines software with hardware to enable sellers to turn mobile devices and computing devices into payments and point-of-sale solutions. Once a seller downloads the Square Point of Sale mobile application, they can take their first payment.

Insider Buying and Selling by Quarter for Square (NYSE:SQ)

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