Square Inc (NYSE:SQ) Director James Morgan Jr. Mckelvey sold 400,000 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $39.79, for a total transaction of $15,916,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Monday, December 11th, James Morgan Jr. Mckelvey sold 400,000 shares of Square stock. The stock was sold at an average price of $38.15, for a total transaction of $15,260,000.00.
  • On Monday, November 13th, James Morgan Jr. Mckelvey sold 400,000 shares of Square stock. The stock was sold at an average price of $39.15, for a total transaction of $15,660,000.00.

Shares of Square Inc (NYSE:SQ) opened at $42.56 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.81 and a current ratio of 1.81. The company has a market cap of $16,540.00 and a P/E ratio of -250.35. Square Inc has a fifty-two week low of $13.84 and a fifty-two week high of $49.56.

Square (NYSE:SQ) last announced its earnings results on Wednesday, November 8th. The technology company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.05 by $0.02. The firm had revenue of $257.12 million for the quarter, compared to the consensus estimate 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 quarterly revenue was up 44.6% on a year-over-year basis. During the same period last year, the company posted $0.01 EPS. equities analysts anticipate that Square Inc will post -0.15 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Neuberger Berman Group LLC raised its holdings in shares of Square by 2.1% in the second quarter. Neuberger Berman Group LLC now owns 10,212 shares of the technology company’s stock valued at $240,000 after purchasing an additional 212 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of Square by 1.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 46,166 shares of the technology company’s stock valued at $1,084,000 after purchasing an additional 513 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Square by 8.5% in the second quarter. The Manufacturers Life Insurance Company now owns 11,706 shares of the technology company’s stock valued at $274,000 after purchasing an additional 921 shares during the last quarter. CIBC Asset Management Inc raised its holdings in shares of Square by 19.9% in the third quarter. CIBC Asset Management Inc now owns 12,521 shares of the technology company’s stock valued at $361,000 after purchasing an additional 2,075 shares during the last quarter. Finally, National Asset Management Inc. raised its holdings in shares of Square by 21.6% in the second quarter. National Asset Management Inc. now owns 12,444 shares of the technology company’s stock valued at $292,000 after purchasing an additional 2,209 shares during the last quarter. Institutional investors own 54.21% of the company’s stock.

SQ has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Square from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research note on Tuesday, October 3rd. Barclays lifted their price objective on shares of Square from $28.00 to $37.00 and gave the stock an “overweight” rating in a research note on Thursday, November 9th. Stephens reissued a “buy” rating and set a $41.00 price objective on shares of Square in a research note on Wednesday, January 10th. Vetr lowered shares of Square from a “buy” rating to a “hold” rating and set a $31.08 price objective on the stock. in a research note on Wednesday, October 4th. Finally, Wells Fargo & Co initiated coverage on shares of Square in a research note on Tuesday, November 21st. They set a “market perform” rating and a $42.00 price objective on the stock. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and twenty-four have issued a buy rating to the stock. Square has a consensus rating of “Buy” and a consensus target price of $35.83.

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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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