Square, Inc. (NYSE:SQ) CFO Sarah Friar sold 38,400 shares of the stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $24.22, for a total value of $930,048.00. Following the completion of the transaction, the chief financial officer now owns 375,023 shares of the company’s stock, valued at $9,083,057.06. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Sarah Friar also recently made the following trade(s):

  • On Thursday, May 25th, Sarah Friar sold 38,400 shares of Square stock. The shares were sold at an average price of $22.09, for a total value of $848,256.00.
  • On Wednesday, April 26th, Sarah Friar sold 2,696 shares of Square stock. The shares were sold at an average price of $18.23, for a total value of $49,148.08.
  • On Wednesday, April 19th, Sarah Friar sold 38,400 shares of Square stock. The shares were sold at an average price of $17.12, for a total value of $657,408.00.
  • On Wednesday, March 29th, Sarah Friar sold 38,400 shares of Square stock. The shares were sold at an average price of $17.25, for a total value of $662,400.00.

Shares of Square, Inc. (NYSE:SQ) traded down 0.99% during mid-day trading on Monday, reaching $23.93. The company’s stock had a trading volume of 5,176,486 shares. The company’s 50-day moving average is $21.79 and its 200 day moving average is $17.25. Square, Inc. has a 12 month low of $8.42 and a 12 month high of $24.97. The firm’s market cap is $8.95 billion.

Square (NYSE:SQ) last released its quarterly earnings results on Wednesday, May 3rd. The technology company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.05. Square had a negative net margin of 5.02% and a negative return on equity of 15.81%. The firm had revenue of $461.55 million during the quarter, compared to analysts’ expectations of $450.66 million. On average, equities analysts anticipate that Square, Inc. will post ($0.19) EPS for the current year.

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Several institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its position in Square by 72.1% in the first quarter. Bank of New York Mellon Corp now owns 14,480,815 shares of the technology company’s stock worth $250,229,000 after buying an additional 6,065,730 shares in the last quarter. FMR LLC boosted its position in Square by 24.4% in the first quarter. FMR LLC now owns 11,124,126 shares of the technology company’s stock worth $192,225,000 after buying an additional 2,183,127 shares in the last quarter. Vanguard Group Inc. boosted its position in Square by 2.3% in the first quarter. Vanguard Group Inc. now owns 10,975,970 shares of the technology company’s stock worth $189,665,000 after buying an additional 241,563 shares in the last quarter. Renaissance Technologies LLC boosted its position in Square by 641.8% in the first quarter. Renaissance Technologies LLC now owns 8,578,500 shares of the technology company’s stock worth $148,236,000 after buying an additional 7,422,000 shares in the last quarter. Finally, BlackRock Inc. boosted its position in Square by 7,162.2% in the first quarter. BlackRock Inc. now owns 5,383,325 shares of the technology company’s stock worth $93,023,000 after buying an additional 5,309,197 shares in the last quarter. 76.83% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have recently commented on the company. Vetr upgraded Square from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research note on Thursday, June 8th. Credit Suisse Group cut Square from an “outperform” rating to a “neutral” rating and increased their price target for the company from $20.00 to $25.00 in a research note on Friday, June 16th. Zacks Investment Research upgraded Square from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research note on Tuesday, June 6th. BTIG Research cut Square from a “buy” rating to a “neutral” rating and increased their price target for the company from $21.00 to $23.00 in a research note on Wednesday, May 17th. They noted that the move was a valuation call. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $24.00 price target on shares of Square in a research note on Wednesday, May 17th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nineteen have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $19.52.

About Square

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.

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

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