Square Inc (SQ) Insider Ajmere Dale Sells 1,451 Shares
Square Inc (NYSE:SQ) insider Ajmere Dale sold 1,451 shares of Square stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $40.00, for a total transaction of $58,040.00. Following the completion of the sale, the insider now directly owns 109,586 shares in the company, valued at approximately $4,383,440. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Ajmere Dale also recently made the following trade(s):
- On Monday, December 4th, Ajmere Dale sold 2,814 shares of Square stock. The stock was sold at an average price of $37.23, for a total transaction of $104,765.22.
- On Friday, November 10th, Ajmere Dale sold 17,446 shares of Square stock. The stock was sold at an average price of $38.98, for a total transaction of $680,045.08.
- On Monday, November 13th, Ajmere Dale sold 20,286 shares of Square stock. The stock was sold at an average price of $39.12, for a total transaction of $793,588.32.
Square Inc (NYSE:SQ) opened at $42.30 on Friday. The company has a market cap of $16,440.00 and a price-to-earnings ratio of -248.82. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.48. Square Inc has a 1 year low of $13.84 and a 1 year high of $49.56.
Square (NYSE:SQ) last released its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. The firm had revenue of $257.12 million during the quarter, compared to analyst estimates 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 for the quarter was up 44.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.01 EPS. sell-side analysts anticipate that Square Inc will post -0.15 earnings per share 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. purchased a new position in Square in the second quarter worth $117,000. Riverhead Capital Management LLC purchased a new position in Square in the second quarter worth $149,000. Hudock Capital Group LLC purchased a new position in Square in the third quarter worth $157,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Square by 19.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,752 shares of the technology company’s stock worth $158,000 after acquiring an additional 1,099 shares in the last quarter. Finally, Pacer Advisors Inc. grew its position in Square by 42.2% in the second quarter. Pacer Advisors Inc. now owns 8,368 shares of the technology company’s stock worth $196,000 after acquiring an additional 2,485 shares in the last quarter. Hedge funds and other institutional investors own 54.20% of the company’s stock.
A number of equities research analysts recently commented on the stock. Vetr cut shares of Square from a “buy” rating to a “hold” rating and set a $45.60 price target on the stock. in a report on Monday, November 20th. Cantor Fitzgerald lifted their price target on shares of Square to $41.00 and gave the stock an “overweight” rating in a report on Thursday, November 9th. Oppenheimer reaffirmed a “buy” rating on shares of Square in a report on Monday, November 20th. Royal Bank of Canada reissued a “buy” rating and set a $31.00 target price on shares of Square in a report on Sunday, October 8th. Finally, Zacks Investment Research cut shares of Square from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-four have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $35.37.
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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