Square Inc. (NYSE:SQ) Director James Morgan Jr. Mckelvey sold 400,000 shares of the firm’s stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $12.27, for a total transaction of $4,908,000.00. Following the completion of the transaction, the director now directly owns 494,997 shares of the company’s stock, valued at approximately $6,073,613.19. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

James Morgan Jr. Mckelvey also recently made the following trade(s):

  • On Wednesday, October 19th, James Morgan Jr. Mckelvey sold 400,000 shares of Square stock. The stock was sold at an average price of $11.24, for a total transaction of $4,496,000.00.
  • On Tuesday, September 13th, James Morgan Jr. Mckelvey sold 400,000 shares of Square stock. The stock was sold at an average price of $11.27, for a total transaction of $4,508,000.00.

Shares of Square Inc. (NYSE:SQ) opened at 11.88 on Monday. The firm’s market capitalization is $4.18 billion. Square Inc. has a 12 month low of $8.06 and a 12 month high of $15.91. The stock’s 50 day moving average is $11.52 and its 200 day moving average is $10.80.

Square (NYSE:SQ) last announced its earnings results on Tuesday, November 1st. The company reported ($0.09) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.11) by $0.02. The business earned $439 million during the quarter, compared to analysts’ expectations of $374.36 million. Square had a negative net margin of 12.55% and a negative return on equity of 31.99%. The business’s revenue was up 50.9% compared to the same quarter last year. Equities research analysts forecast that Square Inc. will post ($0.55) earnings per share for the current fiscal year.

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

A number of equities research analysts have issued reports on the stock. Jefferies Group reissued a “buy” rating and set a $15.00 target price on shares of Square in a research note on Wednesday, September 28th. Vetr lowered shares of Square from a “strong-buy” rating to a “buy” rating and set a $12.28 target price for the company. in a research note on Monday, October 3rd. Zacks Investment Research raised shares of Square from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research note on Thursday, October 6th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $13.00 target price on shares of Square in a research note on Friday, October 7th. Finally, Stifel Nicolaus raised shares of Square from a “hold” rating to a “buy” rating and lifted their target price for the company from $8.06 to $15.00 in a research note on Monday, August 22nd. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $12.82.

A number of hedge funds have recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Square during the second quarter worth approximately $107,000. Ancora Inverness LLC purchased a new stake in shares of Square during the second quarter worth approximately $109,000. Emerald Acquisition Ltd. purchased a new stake in shares of Square during the second quarter worth approximately $115,000. Passport Capital LLC purchased a new stake in shares of Square during the second quarter worth approximately $116,000. Finally, Aviance Capital Partners LLC purchased a new stake in shares of Square during the third quarter worth approximately $119,000. Hedge funds and other institutional investors own 16.97% of the company’s stock.

Square Company Profile

Square, Inc enables payment processing, and also offers financial and marketing services. The Company provides sellers various tools to start, run, manage and grow their businesses. It serves sellers of all sizes, ranging from a single vendor at a farmers’ market to multinational businesses. It serves as a payment service provider, acting as the touch point for the seller to the rest of the payment chain.

5 Day Chart for NYSE:SQ

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