Square Inc (SQ) Director James Morgan Jr. Mckelvey Sells 400,000 Shares

Square Inc (NYSE:SQ) Director James Morgan Jr. Mckelvey sold 400,000 shares of the company’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $39.79, for a total transaction of $15,916,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

James Morgan Jr. Mckelvey also recently made the following trade(s):

  • On Monday, December 11th, James Morgan Jr. Mckelvey sold 400,000 shares of Square stock. The shares were sold at an average price of $38.15, for a total transaction of $15,260,000.00.
  • On Monday, November 13th, James Morgan Jr. Mckelvey sold 400,000 shares of Square stock. The shares were sold at an average price of $39.15, for a total transaction of $15,660,000.00.

Square Inc (NYSE SQ) opened at $42.56 on Friday. The company has a market cap of $16,540.00 and a price-to-earnings ratio of -250.35. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.81 and a current ratio of 1.81. Square Inc has a 12-month low of $13.84 and a 12-month high of $49.56.

Square (NYSE:SQ) last announced its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.02. The business had revenue of $257.12 million during the quarter, compared to the consensus estimate of $244.95 million. Square had a negative net margin of 3.04% and a negative return on equity of 7.98%. The business’s revenue was up 44.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.01 EPS. sell-side analysts expect that Square Inc will post -0.15 earnings per share for the current year.

SQ has been the subject of several research reports. Morgan Stanley upped their price target on shares of Square from $26.00 to $40.00 and gave the company a “hold” rating in a research report on Tuesday, December 19th. They noted that the move was a valuation call. Citigroup upped their price target on shares of Square from $30.00 to $38.00 and gave the company a “buy” rating in a research report on Wednesday, October 18th. Goldman Sachs Group upgraded shares of Square to a “buy” rating in a research report on Thursday, November 16th. Oppenheimer initiated coverage on shares of Square in a research report on Thursday, October 12th. They issued an “outperform” rating and a $35.00 price target for the company. Finally, Zacks Investment Research upgraded shares of Square from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research report on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and twenty-four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $35.83.

Several institutional investors and hedge funds have recently made changes to their positions in the company. FMR LLC increased its holdings in shares of Square by 114.7% in the 2nd quarter. FMR LLC now owns 23,888,617 shares of the technology company’s stock valued at $560,427,000 after purchasing an additional 12,764,491 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Square by 73.4% in the 2nd quarter. Vanguard Group Inc. now owns 19,034,862 shares of the technology company’s stock valued at $446,558,000 after purchasing an additional 8,058,892 shares in the last quarter. Capital World Investors increased its holdings in shares of Square by 32.8% in the 2nd quarter. Capital World Investors now owns 15,597,830 shares of the technology company’s stock valued at $365,925,000 after purchasing an additional 3,853,000 shares in the last quarter. Allianz Asset Management GmbH increased its holdings in shares of Square by 31.0% in the 3rd quarter. Allianz Asset Management GmbH now owns 13,302,170 shares of the technology company’s stock valued at $383,235,000 after purchasing an additional 3,147,558 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of Square by 5.8% in the 2nd quarter. Renaissance Technologies LLC now owns 9,076,600 shares of the technology company’s stock valued at $212,937,000 after purchasing an additional 498,100 shares in the last quarter. Institutional investors and hedge funds own 54.21% of the company’s stock.

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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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