Traders sold shares of Square Inc (NYSE:SQ) on strength during trading on Monday after an insider sold shares in the company. $130.74 million flowed into the stock on the tick-up and $161.73 million flowed out of the stock on the tick-down, for a money net flow of $30.99 million out of the stock. Of all stocks tracked, Square had the 31st highest net out-flow for the day. Square traded up $0.21 for the day and closed at $38.30Specifically, CFO Sarah Friar sold 19,200 shares of the business’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $28.41, for a total value of $545,472.00. Following the completion of the transaction, the chief financial officer now directly owns 366,103 shares of the company’s stock, valued at $10,400,986.23. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director James Morgan Jr. Mckelvey sold 400,000 shares of the business’s stock in a transaction dated Tuesday, October 17th. The stock was sold at an average price of $32.72, for a total transaction of $13,088,000.00. Following the completion of the transaction, the director now directly owns 507,732 shares of the company’s stock, valued at $16,612,991.04. The disclosure for this sale can be found here. Insiders have sold a total of 1,129,827 shares of company stock valued at $41,081,434 over the last three months. 32.68% of the stock is currently owned by insiders.

SQ has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Square from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research note on Tuesday, October 3rd. Tigress Financial reissued a “buy” rating on shares of Square in a research note on Monday, September 25th. Vetr downgraded shares of Square from a “strong-buy” rating to a “buy” rating and set a $30.12 price target for the company. in a research note on Tuesday, September 12th. Royal Bank Of Canada reissued a “buy” rating and set a $31.00 price target on shares of Square in a research note on Sunday, October 8th. Finally, Citigroup boosted their price target on shares of Square from $30.00 to $38.00 and gave the stock a “buy” rating in a research note on Wednesday, October 18th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and twenty-four have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $33.88.

The company has a debt-to-equity ratio of 0.48, a current ratio of 1.81 and a quick ratio of 1.81.

Square (NYSE:SQ) last announced its earnings results on Wednesday, November 8th. The technology company reported $0.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.02. Square had a negative net margin of 3.04% and a negative return on equity of 7.98%. The business had revenue of $257.12 million during the quarter, compared to analysts’ expectations of $244.95 million. During the same quarter in the prior year, the company posted $0.01 earnings per share. The firm’s revenue was up 44.6% on a year-over-year basis. analysts expect that Square Inc will post -0.16 EPS for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Makena Capital Management LLC bought a new stake in Square during the second quarter worth $4,561,000. California Public Employees Retirement System raised its position in Square by 10.3% during the second quarter. California Public Employees Retirement System now owns 353,700 shares of the technology company’s stock worth $8,298,000 after acquiring an additional 33,100 shares in the last quarter. Royce & Associates LP raised its position in Square by 55.6% during the second quarter. Royce & Associates LP now owns 235,000 shares of the technology company’s stock worth $5,513,000 after acquiring an additional 84,000 shares in the last quarter. California State Teachers Retirement System raised its position in Square by 285.7% during the second quarter. California State Teachers Retirement System now owns 395,757 shares of the technology company’s stock worth $9,284,000 after acquiring an additional 293,137 shares in the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd raised its position in shares of Square by 2.9% in the second quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,190,200 shares of the technology company’s stock valued at $74,842,000 after purchasing an additional 90,200 shares during the period. 54.31% of the stock is currently owned by hedge funds and other institutional investors.

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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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