Square Inc (SQ) CEO Jack Dorsey Sells 50,000 Shares of Stock

Square Inc (NYSE:SQ) CEO Jack Dorsey sold 50,000 shares of the stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $36.16, for a total value of $1,808,000.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

  • On Wednesday, December 13th, Jack Dorsey sold 50,000 shares of Square stock. The shares were sold at an average price of $37.75, for a total value of $1,887,500.00.
  • On Wednesday, December 6th, Jack Dorsey sold 50,000 shares of Square stock. The shares were sold at an average price of $38.42, for a total value of $1,921,000.00.
  • On Wednesday, November 29th, Jack Dorsey sold 50,000 shares of Square stock. The shares were sold at an average price of $40.48, for a total value of $2,024,000.00.

Square Inc (SQ) traded down $0.73 during trading on Friday, reaching $35.14. The company’s stock had a trading volume of 14,358,739 shares, compared to its average volume of 26,604,552. Square Inc has a 12-month low of $13.53 and a 12-month high of $49.56. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.81 and a current ratio of 1.81. The company has a market cap of $13,937.86, a price-to-earnings ratio of -219.63 and a beta of 4.80.

Square (NYSE:SQ) last posted its quarterly earnings data on Wednesday, November 8th. The technology company reported $0.07 EPS for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.02. Square had a negative return on equity of 7.98% and a negative net margin of 3.04%. The firm had revenue of $257.12 million for the quarter, compared to analyst estimates of $244.95 million. During the same quarter last year, the company earned $0.01 EPS. The company’s revenue was up 44.6% on a year-over-year basis. equities analysts expect that Square Inc will post -0.16 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of the business. Makena Capital Management LLC bought a new position in shares of Square in the 2nd quarter valued at $4,561,000. California Public Employees Retirement System increased its stake in shares of Square by 10.3% in the 2nd quarter. California Public Employees Retirement System now owns 353,700 shares of the technology company’s stock valued at $8,298,000 after purchasing an additional 33,100 shares during the last quarter. Nomura Asset Management Co. Ltd. bought a new position in shares of Square in the 3rd quarter valued at $36,574,000. Royce & Associates LP increased its stake in shares of Square by 55.6% in the 2nd quarter. Royce & Associates LP now owns 235,000 shares of the technology company’s stock valued at $5,513,000 after purchasing an additional 84,000 shares during the last quarter. Finally, California State Teachers Retirement System increased its stake in shares of Square by 285.7% in the 2nd quarter. California State Teachers Retirement System now owns 395,757 shares of the technology company’s stock valued at $9,284,000 after purchasing an additional 293,137 shares during the last quarter. Hedge funds and other institutional investors own 54.20% of the company’s stock.

A number of analysts have recently issued reports on SQ shares. Goldman Sachs Group raised Square to a “buy” rating in a research report on Thursday, November 16th. Vetr raised Square from a “buy” rating to a “strong-buy” rating and set a $39.78 price objective for the company in a research report on Wednesday, October 25th. Evercore ISI raised Square from an “in-line” rating to an “outperform” rating and set a $51.00 price objective for the company in a research report on Friday, November 17th. Stephens reaffirmed an “overweight” rating and issued a $38.00 price objective (up from $34.00) on shares of Square in a research report on Thursday, November 9th. They noted that the move was a valuation call. Finally, Guggenheim raised Square from a “neutral” rating to a “buy” rating and set a $44.00 price objective for the company in a research report on Thursday, November 9th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and twenty-four have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $34.45.

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About Square

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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