Square, Inc. (NYSE:SQ) CEO Jack Dorsey sold 100,000 shares of Square stock in a transaction dated Monday, January 11th. The stock was sold at an average price of $229.87, for a total value of $22,987,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link.

Jack Dorsey also recently made the following trade(s):

  • On Monday, December 28th, Jack Dorsey sold 100,000 shares of Square stock. The stock was sold at an average price of $227.43, for a total value of $22,743,000.00.
  • On Monday, December 14th, Jack Dorsey sold 100,000 shares of Square stock. The stock was sold at an average price of $216.87, for a total value of $21,687,000.00.
  • On Monday, December 7th, Jack Dorsey sold 100,000 shares of Square stock. The stock was sold at an average price of $209.69, for a total value of $20,969,000.00.
  • On Monday, November 30th, Jack Dorsey sold 100,000 shares of Square stock. The stock was sold at an average price of $209.14, for a total value of $20,914,000.00.
  • On Monday, November 23rd, Jack Dorsey sold 100,000 shares of Square stock. The stock was sold at an average price of $202.74, for a total value of $20,274,000.00.

Shares of Square stock opened at $230.92 on Thursday. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.92. Square, Inc. has a twelve month low of $32.33 and a twelve month high of $246.49. The stock has a market cap of $104.13 billion, a price-to-earnings ratio of 372.45 and a beta of 2.68. The company’s fifty day moving average is $221.54 and its 200 day moving average is $171.00.

Square (NYSE:SQ) last issued its quarterly earnings results on Thursday, November 5th. The technology company reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.18. The business had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $2.08 billion. Square had a net margin of 5.15% and a negative return on equity of 1.20%. The business’s quarterly revenue was up 139.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.25 earnings per share. As a group, equities analysts anticipate that Square, Inc. will post -0.23 earnings per share for the current fiscal year.

SQ has been the subject of a number of research analyst reports. Smith Barney Citigroup upgraded Square from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $185.00 to $215.00 in a report on Friday, November 6th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upgraded Square from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $185.00 to $215.00 in a report on Friday, November 6th. Bank of America restated a “sell” rating and set a $120.00 price objective on shares of Square in a report on Friday, November 6th. Royal Bank of Canada lifted their price target on shares of Square from $200.00 to $240.00 and gave the company an “outperform” rating in a research report on Friday, October 16th. Finally, Oppenheimer upgraded shares of Square from a “market perform” rating to an “outperform” rating and set a $185.00 price target for the company in a research report on Thursday, September 24th. Three investment analysts have rated the stock with a sell rating, nineteen have given a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $170.76.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Pacific Wealth Strategies Group Inc. bought a new stake in Square during the fourth quarter valued at $1,036,000. IFM Investors Pty Ltd boosted its position in Square by 20.0% during the fourth quarter. IFM Investors Pty Ltd now owns 35,862 shares of the technology company’s stock valued at $7,805,000 after acquiring an additional 5,970 shares during the last quarter. Signature Estate & Investment Advisors LLC bought a new stake in Square during the fourth quarter valued at $272,000. Coastal Investment Advisors Inc. boosted its position in Square by 835.5% during the fourth quarter. Coastal Investment Advisors Inc. now owns 27,783 shares of the technology company’s stock valued at $6,047,000 after acquiring an additional 24,813 shares during the last quarter. Finally, Redpoint Investment Management Pty Ltd boosted its position in Square by 8.3% during the fourth quarter. Redpoint Investment Management Pty Ltd now owns 10,489 shares of the technology company’s stock valued at $2,283,000 after acquiring an additional 802 shares during the last quarter. 66.29% of the stock is currently owned by institutional investors and hedge funds.

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

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