Square, Inc. (NYSE:SQ) CEO Jack Dorsey sold 103,035 shares of Square stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $79.61, for a total value of $8,202,616.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Wednesday, October 31st, Jack Dorsey sold 103,035 shares of Square stock. The shares were sold at an average price of $71.78, for a total value of $7,395,852.30.
  • On Wednesday, October 24th, Jack Dorsey sold 103,035 shares of Square stock. The shares were sold at an average price of $73.48, for a total value of $7,571,011.80.
  • On Wednesday, October 17th, Jack Dorsey sold 103,035 shares of Square stock. The shares were sold at an average price of $77.30, for a total value of $7,964,605.50.
  • On Wednesday, October 10th, Jack Dorsey sold 103,035 shares of Square stock. The shares were sold at an average price of $80.38, for a total value of $8,281,953.30.
  • On Wednesday, October 3rd, Jack Dorsey sold 103,035 shares of Square stock. The shares were sold at an average price of $97.67, for a total value of $10,063,428.45.
  • On Wednesday, September 26th, Jack Dorsey sold 103,035 shares of Square stock. The shares were sold at an average price of $95.28, for a total value of $9,817,174.80.
  • On Wednesday, September 19th, Jack Dorsey sold 103,035 shares of Square stock. The shares were sold at an average price of $87.31, for a total value of $8,995,985.85.
  • On Wednesday, September 12th, Jack Dorsey sold 103,035 shares of Square stock. The shares were sold at an average price of $90.40, for a total value of $9,314,364.00.
  • On Wednesday, September 5th, Jack Dorsey sold 103,035 shares of Square stock. The shares were sold at an average price of $89.71, for a total value of $9,243,269.85.
  • On Wednesday, August 29th, Jack Dorsey sold 103,035 shares of Square stock. The shares were sold at an average price of $83.85, for a total value of $8,639,484.75.

SQ stock opened at $73.27 on Monday. The company has a current ratio of 1.54, a quick ratio of 2.18 and a debt-to-equity ratio of 0.80. Square, Inc. has a 52-week low of $34.14 and a 52-week high of $101.15. The company has a market cap of $30.88 billion, a price-to-earnings ratio of -732.70 and a beta of 4.30.

Square (NYSE:SQ) last posted its quarterly earnings data on Wednesday, November 7th. The technology company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.02. Square had a negative return on equity of 1.11% and a negative net margin of 0.87%. The company had revenue of $431.00 million for the quarter, compared to the consensus estimate of $414.19 million. During the same period in the previous year, the business earned $0.07 EPS. Square’s revenue for the quarter was up 67.7% compared to the same quarter last year. On average, equities analysts forecast that Square, Inc. will post -0.03 EPS for the current fiscal year.

Several research firms have recently weighed in on SQ. SunTrust Banks lifted their price objective on Square to $84.00 and gave the company a “hold” rating in a research note on Thursday. Craig Hallum lifted their price objective on Square from $37.00 to $55.00 and gave the company a “sell” rating in a research note on Thursday. Wells Fargo & Co lifted their price objective on Square from $60.00 to $80.00 and gave the company a “market perform” rating in a research note on Thursday. Piper Jaffray Companies reduced their price objective on Square from $94.00 to $92.00 and set a “neutral” rating on the stock in a research note on Thursday. Finally, Wedbush lowered Square from a “positive” rating to a “neutral” rating and set a $77.00 price objective on the stock. in a research note on Thursday. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Square has an average rating of “Hold” and a consensus price target of $79.76.

Hedge funds have recently bought and sold shares of the business. FIL Ltd grew its position in shares of Square by 75.2% in the 3rd quarter. FIL Ltd now owns 2,965,450 shares of the technology company’s stock worth $293,609,000 after acquiring an additional 1,272,790 shares in the last quarter. American Century Companies Inc. grew its position in shares of Square by 2,070.5% in the 2nd quarter. American Century Companies Inc. now owns 827,790 shares of the technology company’s stock worth $51,025,000 after acquiring an additional 789,651 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Square by 85.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,450,154 shares of the technology company’s stock worth $143,579,000 after acquiring an additional 668,394 shares in the last quarter. Korea Investment CORP acquired a new position in shares of Square in the 2nd quarter worth approximately $36,435,000. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of Square by 8.1% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,700,722 shares of the technology company’s stock worth $289,753,000 after acquiring an additional 353,037 shares in the last quarter. Institutional investors own 51.25% of the company’s stock.

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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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