Square, Inc. (NYSE:SQ) CEO Jack Dorsey sold 103,035 shares of Square stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $90.40, for a total transaction of $9,314,364.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

  • On Wednesday, September 5th, Jack Dorsey sold 103,035 shares of Square stock. The stock was sold at an average price of $89.71, for a total transaction of $9,243,269.85.
  • On Wednesday, August 29th, Jack Dorsey sold 103,035 shares of Square stock. The stock was sold at an average price of $83.85, for a total transaction of $8,639,484.75.
  • On Wednesday, August 22nd, Jack Dorsey sold 103,035 shares of Square stock. The stock was sold at an average price of $76.02, for a total transaction of $7,832,720.70.
  • On Wednesday, August 15th, Jack Dorsey sold 103,035 shares of Square stock. The stock was sold at an average price of $73.93, for a total transaction of $7,617,377.55.

Shares of SQ traded up $0.60 during midday trading on Friday, reaching $90.82. 7,274,100 shares of the stock were exchanged, compared to its average volume of 12,322,069. Square, Inc. has a twelve month low of $27.21 and a twelve month high of $92.92. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.18 and a current ratio of 2.18. The company has a market capitalization of $37.12 billion, a P/E ratio of -905.90 and a beta of 4.36.

Square (NYSE:SQ) last posted its earnings results on Wednesday, August 1st. The technology company reported $0.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.14. The company had revenue of $385.00 million during the quarter, compared to the consensus estimate of $367.99 million. Square had a negative return on equity of 3.18% and a negative net margin of 2.30%. The company’s revenue was up 60.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.07 earnings per share. equities research analysts predict that Square, Inc. will post -0.04 earnings per share for the current fiscal year.

A number of research firms have commented on SQ. SunTrust Banks lifted their price objective on shares of Square from $45.00 to $66.00 and gave the stock a “hold” rating in a research report on Friday, June 29th. Citigroup lifted their price objective on shares of Square from $47.00 to $67.00 and gave the stock a “neutral” rating in a research report on Thursday, June 28th. KeyCorp reaffirmed an “overweight” rating and set a $70.00 price objective (up from $55.00) on shares of Square in a research report on Tuesday, June 19th. Deutsche Bank lifted their price objective on shares of Square from $78.00 to $98.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Zacks Investment Research cut shares of Square from a “hold” rating to a “sell” rating in a research report on Tuesday, July 3rd. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twenty have assigned a buy rating to the company. Square currently has an average rating of “Hold” and a consensus target price of $61.51.

Hedge funds have recently bought and sold shares of the stock. Boston Family Office LLC acquired a new position in Square in the second quarter valued at about $341,000. Cognios Capital LLC raised its stake in Square by 18.2% in the second quarter. Cognios Capital LLC now owns 24,549 shares of the technology company’s stock valued at $1,513,000 after purchasing an additional 3,779 shares in the last quarter. Brighton Jones LLC raised its stake in Square by 39.1% in the second quarter. Brighton Jones LLC now owns 11,572 shares of the technology company’s stock valued at $713,000 after purchasing an additional 3,251 shares in the last quarter. NumerixS Investment Technologies Inc raised its stake in Square by 46.7% in the second quarter. NumerixS Investment Technologies Inc now owns 39,000 shares of the technology company’s stock valued at $2,400,000 after purchasing an additional 12,420 shares in the last quarter. Finally, CIBC Asset Management Inc raised its stake in Square by 12.2% in the second quarter. CIBC Asset Management Inc now owns 14,046 shares of the technology company’s stock valued at $866,000 after purchasing an additional 1,525 shares in the last quarter. 51.95% of the stock is owned by institutional investors and hedge funds.

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

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