Square, Inc. (SQ) CFO Sells $1,814,016.00 in Stock
Square, Inc. (NYSE:SQ) CFO Sarah Friar sold 38,400 shares of Square stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $47.24, for a total transaction of $1,814,016.00. Following the completion of the transaction, the chief financial officer now owns 355,566 shares in the company, valued at approximately $16,796,937.84. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Sarah Friar also recently made the following trade(s):
- On Friday, October 13th, Sarah Friar sold 38,400 shares of Square stock. The shares were sold at an average price of $32.81, for a total transaction of $1,259,904.00.
- On Wednesday, September 20th, Sarah Friar sold 19,200 shares of Square stock. The shares were sold at an average price of $28.41, for a total transaction of $545,472.00.
- On Thursday, September 21st, Sarah Friar sold 38,400 shares of Square stock. The shares were sold at an average price of $28.36, for a total transaction of $1,089,024.00.
Shares of Square, Inc. (SQ) opened at $48.86 on Monday. Square, Inc. has a 1 year low of $12.38 and a 1 year high of $49.56. 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 (NYSE:SQ) last released its earnings results on Wednesday, November 8th. The technology company reported $0.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.02. The company 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 company’s revenue was up 44.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.01 EPS. research analysts expect that Square, Inc. will post -0.16 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Almanack Investment Partners LLC. bought a new stake in shares of Square during the 2nd quarter valued at about $117,000. Riverhead Capital Management LLC bought a new stake in shares of Square during the 2nd quarter valued at about $149,000. Hudock Capital Group LLC bought a new stake in shares of Square during the 3rd quarter valued at about $157,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Square by 19.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,752 shares of the technology company’s stock valued at $158,000 after buying an additional 1,099 shares during the last quarter. Finally, Pacer Advisors Inc. grew its position in shares of Square by 42.2% during the 2nd quarter. Pacer Advisors Inc. now owns 8,368 shares of the technology company’s stock valued at $196,000 after buying an additional 2,485 shares during the last quarter. 53.64% of the stock is owned by institutional investors.
A number of equities analysts have weighed in on SQ shares. Zacks Investment Research upgraded shares of Square from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a report on Tuesday, October 3rd. Barclays PLC lifted their target price on shares of Square from $28.00 to $37.00 and gave the company an “overweight” rating in a report on Thursday, November 9th. Canaccord Genuity restated a “hold” rating and set a $26.00 target price (up previously from $18.00) on shares of Square in a report on Wednesday, August 9th. Credit Suisse Group restated a “neutral” rating and set a $26.00 target price (up previously from $25.00) on shares of Square in a report on Wednesday, August 9th. Finally, Vetr lowered shares of Square from a “buy” rating to a “hold” rating and set a $31.08 target price on the stock. in a report on Wednesday, October 4th. Fourteen research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. Square presently has a consensus rating of “Buy” and an average price target of $33.61.
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.
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