Insider Selling: Square Inc (SQ) Insider Sells $104,765.22 in Stock
Square Inc (NYSE:SQ) insider Ajmere Dale sold 2,814 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $37.23, for a total value of $104,765.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Ajmere Dale also recently made the following trade(s):
- On Friday, November 10th, Ajmere Dale sold 17,446 shares of Square stock. The shares were sold at an average price of $38.98, for a total value of $680,045.08.
- On Monday, November 13th, Ajmere Dale sold 20,286 shares of Square stock. The shares were sold at an average price of $39.12, for a total value of $793,588.32.
Shares of Square Inc (NYSE:SQ) opened at $38.73 on Friday. Square Inc has a 12-month low of $13.53 and a 12-month 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.
A number of research firms recently commented on SQ. BTIG Research cut Square from a “neutral” rating to a “sell” rating and upped their price objective for the company from $12.38 to $30.00 in a report on Monday, November 27th. Vetr upgraded Square from a “hold” rating to a “buy” rating and set a $51.38 price objective on the stock in a report on Thursday, November 23rd. Wells Fargo & Company began coverage on Square in a report on Tuesday, November 21st. They issued a “market perform” rating and a $42.00 price objective on the stock. Oppenheimer restated a “buy” rating on shares of Square in a research note on Monday, November 20th. Finally, Credit Suisse Group restated a “positive” rating and set a $37.00 price target (up from $31.00) on shares of Square in a research note on Monday, November 20th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-four have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $33.82.
Institutional investors have recently bought and sold shares of the company. Almanack Investment Partners LLC. purchased a new position in Square in the second quarter valued at $117,000. Riverhead Capital Management LLC purchased a new position in Square in the second quarter valued at $149,000. Hudock Capital Group LLC purchased a new position in Square in the third quarter valued at $157,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Square by 19.4% in the second 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. increased its holdings in Square by 42.2% in the second 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. 54.31% of the stock is currently owned by institutional investors and hedge funds.
ILLEGAL ACTIVITY WARNING: This story was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this story on another publication, it was illegally stolen and reposted in violation of US & international copyright legislation. The correct version of this story can be read at https://www.thecerbatgem.com/2017/12/08/insider-selling-square-inc-sq-insider-sells-104765-22-in-stock.html.
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.
Receive News & Stock Ratings for Square Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Square Inc and related stocks with our FREE daily email newsletter.