Insider Selling: Square, Inc. (NYSE:SQ) Insider Sells $1,899,900.00 in Stock
Square, Inc. (NYSE:SQ) insider Alyssa Henry sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 13th. The stock was sold at an average price of $189.99, for a total transaction of $1,899,900.00. Following the sale, the insider now owns 423,665 shares in the company, valued at $80,492,113.35. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Alyssa Henry also recently made the following trade(s):
- On Tuesday, September 8th, Alyssa Henry sold 10,000 shares of Square stock. The stock was sold at an average price of $141.32, for a total transaction of $1,413,200.00.
SQ stock opened at $186.35 on Friday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.70 and a quick ratio of 1.70. The company has a fifty day moving average price of $159.98 and a two-hundred day moving average price of $113.19. Square, Inc. has a one year low of $32.33 and a one year high of $193.44. The stock has a market cap of $82.65 billion, a price-to-earnings ratio of 300.56 and a beta of 2.72.
SQ has been the topic of a number of recent research reports. CSFB lifted their price objective on shares of Square from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Monday, September 28th. Goldman Sachs Group initiated coverage on shares of Square in a report on Tuesday, July 14th. They issued a “neutral” rating and a $133.00 price objective on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $190.00 price objective on shares of Square in a report on Wednesday, August 5th. Compass Point upgraded shares of Square from a “sell” rating to a “neutral” rating and set a $140.00 price objective on the stock in a report on Thursday, August 6th. Finally, SunTrust Banks reiterated a “buy” rating and issued a $150.00 price objective (up from $83.00) on shares of Square in a report on Monday, July 6th. Four equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $127.08.
Several institutional investors have recently made changes to their positions in SQ. Fir Tree Capital Management LP bought a new stake in shares of Square in the second quarter valued at about $9,078,000. Softbank Group Corp bought a new stake in shares of Square in the second quarter valued at about $108,668,000. Coatue Management LLC boosted its position in shares of Square by 31.0% in the second quarter. Coatue Management LLC now owns 4,326,261 shares of the technology company’s stock valued at $453,998,000 after acquiring an additional 1,022,563 shares during the period. Third Point LLC bought a new stake in shares of Square in the second quarter valued at about $83,952,000. Finally, Holocene Advisors LP boosted its position in shares of Square by 387.5% in the second quarter. Holocene Advisors LP now owns 658,108 shares of the technology company’s stock valued at $69,062,000 after acquiring an additional 523,105 shares during the period. 66.29% of the stock is owned by institutional investors.
Square Company Profile
Square, Inc provides payment and point-of-sale solutions in the United States and internationally. The company's commerce ecosystem includes point-of-sale software and hardware that enables sellers to turn mobile and computing devices into payment and point-of-sale solutions. It offers hardware products, including Magstripe reader, which enables swiped transactions of magnetic stripe cards; Contactless and chip reader that accepts EMV® chip cards and Near Field Communication payments; Chip card reader, which accepts EMV® chip cards and enables swiped transactions of magnetic stripe cards; Square Stand, which enables an iPad to be used as a payment terminal or full point of sale solution; and Square Register that combines its hardware, point-of-sale software, and payments technology, as well as managed payments solutions.
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