Square Inc (NYSE:SQ) Director Mary G. Meeker sold 51,422 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $38.25, for a total value of $1,966,891.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of Square Inc (SQ) traded down $0.46 on Friday, reaching $34.67. The company’s stock had a trading volume of 10,456,109 shares, compared to its average volume of 16,521,971. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.81 and a quick ratio of 1.81. The firm has a market cap of $13,650.32, a P/E ratio of -216.69 and a beta of 4.80. Square Inc has a 52 week low of $13.53 and a 52 week high of $49.56.
Square (NYSE:SQ) last issued its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.02. The company had revenue of $257.12 million during the quarter, compared to the consensus estimate of $244.95 million. Square had a negative return on equity of 7.98% and a negative net margin of 3.04%. Square’s revenue was up 44.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.01 EPS. research analysts anticipate that Square Inc will post -0.16 earnings per share for the current year.
Institutional investors and hedge funds have recently modified their holdings of the business. Almanack Investment Partners LLC. acquired a new position in Square in the 2nd quarter valued at $117,000. Hudock Capital Group LLC acquired a new stake in shares of Square during the 3rd quarter worth $157,000. Riverhead Capital Management LLC acquired a new stake in shares of Square during the 2nd quarter worth $149,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Square by 19.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,752 shares of the technology company’s stock worth $158,000 after buying an additional 1,099 shares during the last quarter. Finally, Prudential Financial Inc. acquired a new stake in shares of Square during the 3rd quarter worth $205,000. Institutional investors own 54.20% of the company’s stock.
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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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