James Morgan Jr. Mckelvey Sells 400,000 Shares of Square, Inc. (SQ) Stock

Square, Inc. (NYSE:SQ) Director James Morgan Jr. Mckelvey sold 400,000 shares of the stock in a transaction dated Monday, April 16th. The stock was sold at an average price of $46.90, for a total value of $18,760,000.00. Following the transaction, the director now owns 468,223 shares in the company, valued at $21,959,658.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

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  • On Tuesday, March 13th, James Morgan Jr. Mckelvey sold 400,000 shares of Square stock. The stock was sold at an average price of $52.13, for a total value of $20,852,000.00.
  • On Tuesday, February 20th, James Morgan Jr. Mckelvey sold 400,000 shares of Square stock. The stock was sold at an average price of $45.66, for a total value of $18,264,000.00.

SQ stock opened at $50.63 on Friday. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.46. Square, Inc. has a 1 year low of $17.30 and a 1 year high of $58.46. The stock has a market capitalization of $19,472.97, a PE ratio of -506.30 and a beta of 4.21.

Square (NYSE:SQ) last posted its earnings results on Tuesday, February 27th. The technology company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. Square had a negative return on equity of 6.60% and a negative net margin of 2.84%. The business had revenue of $616.04 million during the quarter, compared to analyst estimates of $601.63 million. equities analysts predict that Square, Inc. will post 0.02 earnings per share for the current year.

Hedge funds have recently bought and sold shares of the company. Strs Ohio acquired a new stake in shares of Square in the fourth quarter valued at about $110,000. Harvest Fund Management Co. Ltd acquired a new stake in Square during the 4th quarter valued at approximately $131,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Square during the 4th quarter valued at approximately $139,000. American International Group Inc. acquired a new stake in Square during the 4th quarter valued at approximately $200,000. Finally, Commerce Bank acquired a new stake in Square during the 4th quarter valued at approximately $201,000. Institutional investors and hedge funds own 52.42% of the company’s stock.

Several research firms recently weighed in on SQ. Vetr downgraded Square from a “buy” rating to a “hold” rating and set a $58.05 target price on the stock. in a research report on Tuesday, March 20th. Craig Hallum downgraded Square from a “hold” rating to a “sell” rating and set a $37.00 price objective on the stock. in a report on Friday, March 23rd. Evercore ISI restated an “outperform” rating and issued a $67.00 price objective on shares of Square in a report on Monday, March 26th. Deutsche Bank raised their price objective on Square from $47.00 to $57.00 and gave the stock a “buy” rating in a report on Friday, March 23rd. Finally, Nomura cut their price objective on Square from $65.00 to $64.00 and set a “buy” rating on the stock in a report on Wednesday. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty-five have issued a buy rating to the company’s stock. Square currently has a consensus rating of “Buy” and a consensus target price of $43.85.

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About Square

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 Europay, MasterCard, and Visa (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.

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

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