Square, Inc. (SQ) CEO Jack Dorsey Sells 103,035 Shares

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Square, Inc. (NYSE:SQ) CEO Jack Dorsey sold 103,035 shares of the company’s stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $79.61, for a total transaction of $8,202,616.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Wednesday, October 31st, Jack Dorsey sold 103,035 shares of Square stock. The shares were sold at an average price of $71.78, for a total transaction of $7,395,852.30.
  • On Wednesday, October 24th, Jack Dorsey sold 103,035 shares of Square stock. The shares were sold at an average price of $73.48, for a total transaction of $7,571,011.80.
  • On Wednesday, October 17th, Jack Dorsey sold 103,035 shares of Square stock. The shares were sold at an average price of $77.30, for a total transaction of $7,964,605.50.
  • On Wednesday, October 10th, Jack Dorsey sold 103,035 shares of Square stock. The shares were sold at an average price of $80.38, for a total transaction of $8,281,953.30.
  • On Wednesday, October 3rd, Jack Dorsey sold 103,035 shares of Square stock. The shares were sold at an average price of $97.67, for a total transaction of $10,063,428.45.
  • On Wednesday, September 26th, Jack Dorsey sold 103,035 shares of Square stock. The shares were sold at an average price of $95.28, for a total transaction of $9,817,174.80.
  • On Wednesday, September 19th, Jack Dorsey sold 103,035 shares of Square stock. The shares were sold at an average price of $87.31, for a total transaction of $8,995,985.85.
  • On Wednesday, September 12th, Jack Dorsey sold 103,035 shares of Square stock. The shares were sold at an average price of $90.40, for a total transaction of $9,314,364.00.
  • On Wednesday, September 5th, Jack Dorsey sold 103,035 shares of Square stock. The shares were sold at an average price of $89.71, for a total transaction of $9,243,269.85.
  • On Wednesday, August 29th, Jack Dorsey sold 103,035 shares of Square stock. The shares were sold at an average price of $83.85, for a total transaction of $8,639,484.75.

Shares of Square stock traded down $1.96 during trading hours on Friday, hitting $73.27. The company’s stock had a trading volume of 17,254,739 shares, compared to its average volume of 20,881,962. Square, Inc. has a 1-year low of $34.14 and a 1-year high of $101.15. The firm has a market capitalization of $33.94 billion, a P/E ratio of -732.70 and a beta of 4.30. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 0.99.

Square (NYSE:SQ) last released its quarterly earnings data on Wednesday, November 7th. The technology company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.02. Square had a negative net margin of 0.87% and a negative return on equity of 1.18%. The company had revenue of $431.00 million during the quarter, compared to analyst estimates of $414.19 million. During the same quarter in the prior year, the business earned $0.07 earnings per share. The business’s quarterly revenue was up 67.7% compared to the same quarter last year. On average, research analysts expect that Square, Inc. will post -0.04 EPS for the current fiscal year.

Several equities analysts recently issued reports on SQ shares. ValuEngine raised shares of Square from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 2nd. Wolfe Research started coverage on shares of Square in a research note on Tuesday, July 17th. They set a “market perform” rating on the stock. Deutsche Bank upped their price objective on shares of Square from $57.00 to $78.00 and gave the company a “buy” rating in a research note on Tuesday, July 24th. Stifel Nicolaus upped their price objective on shares of Square from $66.00 to $72.00 and gave the company a “buy” rating in a research note on Tuesday, July 31st. Finally, Goldman Sachs Group upped their price objective on shares of Square from $77.00 to $108.00 and gave the company a “buy” rating in a research note on Monday, October 8th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $78.59.

Several institutional investors have recently added to or reduced their stakes in SQ. Regentatlantic Capital LLC acquired a new stake in Square during the 3rd quarter valued at $249,000. Checchi Capital Advisers LLC acquired a new stake in Square during the 3rd quarter valued at $284,000. Boston Family Office LLC acquired a new stake in Square during the 2nd quarter valued at $341,000. Cognios Capital LLC grew its holdings in Square by 18.2% during the 2nd quarter. Cognios Capital LLC now owns 24,549 shares of the technology company’s stock valued at $1,513,000 after purchasing an additional 3,779 shares in the last quarter. Finally, Brighton Jones LLC grew its holdings in Square by 39.1% during the 2nd quarter. Brighton Jones LLC now owns 11,572 shares of the technology company’s stock valued at $713,000 after purchasing an additional 3,251 shares in the last quarter. 51.25% of the stock is owned by institutional investors.

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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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