Square, Inc. (NYSE:SQ) CEO Jack Dorsey Sells 100,000 Shares of Stock


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Square, Inc. (NYSE:SQ) CEO Jack Dorsey sold 100,000 shares of the company’s stock in a transaction on Monday, January 11th. The shares were sold at an average price of $229.87, for a total value of $22,987,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

  • On Monday, December 28th, Jack Dorsey sold 100,000 shares of Square stock. The shares were sold at an average price of $227.43, for a total value of $22,743,000.00.
  • On Monday, December 14th, Jack Dorsey sold 100,000 shares of Square stock. The shares were sold at an average price of $216.87, for a total value of $21,687,000.00.
  • On Monday, December 7th, Jack Dorsey sold 100,000 shares of Square stock. The shares were sold at an average price of $209.69, for a total value of $20,969,000.00.
  • On Monday, November 30th, Jack Dorsey sold 100,000 shares of Square stock. The shares were sold at an average price of $209.14, for a total value of $20,914,000.00.
  • On Monday, November 23rd, Jack Dorsey sold 100,000 shares of Square stock. The shares were sold at an average price of $202.74, for a total value of $20,274,000.00.

Square stock opened at $230.92 on Thursday. The business has a 50 day moving average price of $221.54 and a two-hundred day moving average price of $171.00. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.92. The stock has a market cap of $104.13 billion, a price-to-earnings ratio of 372.45 and a beta of 2.68. Square, Inc. has a 12 month low of $32.33 and a 12 month high of $246.49.

Square (NYSE:SQ) last posted its quarterly earnings results on Thursday, November 5th. The technology company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.16 by $0.18. The firm had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $2.08 billion. Square had a negative return on equity of 1.20% and a net margin of 5.15%. The company’s revenue for the quarter was up 139.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.25 EPS. On average, analysts expect that Square, Inc. will post -0.23 earnings per share for the current fiscal year.

Several research firms recently weighed in on SQ. Wolfe Research upped their price target on Square from $195.00 to $205.00 and gave the company an “outperform” rating in a research report on Friday, November 6th. Barclays restated a “buy” rating and issued a $62.00 target price on shares of Square in a research note on Tuesday, December 22nd. Smith Barney Citigroup upgraded Square from a “neutral” rating to a “buy” rating and boosted their target price for the company from $185.00 to $215.00 in a research note on Friday, November 6th. BTIG Research restated a “buy” rating and issued a $295.00 target price (up previously from $220.00) on shares of Square in a research note on Monday, December 21st. Finally, BidaskClub downgraded Square from a “strong-buy” rating to a “buy” rating in a research note on Monday, December 28th. Three research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the stock. Square presently has a consensus rating of “Buy” and a consensus target price of $170.76.

Several institutional investors and hedge funds have recently modified their holdings of the company. WealthPLAN Partners LLC grew its position in Square by 2.3% during the 3rd quarter. WealthPLAN Partners LLC now owns 2,403 shares of the technology company’s stock worth $429,000 after acquiring an additional 54 shares during the last quarter. Creative Financial Designs Inc. ADV grew its position in Square by 4.6% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 1,284 shares of the technology company’s stock worth $209,000 after acquiring an additional 56 shares during the last quarter. Atticus Wealth Management LLC grew its position in Square by 12.7% during the 3rd quarter. Atticus Wealth Management LLC now owns 648 shares of the technology company’s stock worth $105,000 after acquiring an additional 73 shares during the last quarter. Partnervest Advisory Services LLC grew its position in Square by 2.3% during the 3rd quarter. Partnervest Advisory Services LLC now owns 3,596 shares of the technology company’s stock worth $585,000 after acquiring an additional 82 shares during the last quarter. Finally, Strategic Advisors LLC grew its position in Square by 4.3% during the 3rd quarter. Strategic Advisors LLC now owns 2,117 shares of the technology company’s stock worth $383,000 after acquiring an additional 87 shares during the last quarter. 66.29% of the stock is owned by institutional investors and hedge funds.

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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