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 Square stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $39.79, for a total value of $15,916,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Monday, December 11th, James Morgan Jr. Mckelvey sold 400,000 shares of Square stock. The stock was sold at an average price of $38.15, for a total value of $15,260,000.00.
  • On Monday, November 13th, James Morgan Jr. Mckelvey sold 400,000 shares of Square stock. The stock was sold at an average price of $39.15, for a total value of $15,660,000.00.

Shares of Square Inc (NYSE:SQ) traded up $1.76 during trading on Friday, hitting $42.03. The stock had a trading volume of 10,264,075 shares, compared to its average volume of 16,669,117. Square Inc has a fifty-two week low of $13.84 and a fifty-two week high of $49.56. The stock has a market capitalization of $16,400.00 and a P/E ratio of -247.24. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.48.

Square (NYSE:SQ) last announced its quarterly earnings data on Wednesday, November 8th. The technology company reported $0.07 EPS for the quarter, beating the Thomson Reuters’ 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 business had revenue of $257.12 million for the quarter, compared to the consensus estimate of $244.95 million. During the same period in the previous year, the business earned $0.01 earnings per share. The business’s revenue was up 44.6% on a year-over-year basis. analysts forecast that Square Inc will post -0.15 earnings per share for the current year.

SQ has been the subject of several research analyst reports. Vetr raised Square from a “hold” rating to a “buy” rating and set a $32.51 price objective for the company in a report on Monday, October 9th. Royal Bank of Canada reiterated a “buy” rating and set a $31.00 target price on shares of Square in a research report on Sunday, October 8th. Tigress Financial reiterated a “buy” rating on shares of Square in a research report on Monday, September 25th. Zacks Investment Research upgraded Square from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research report on Monday, September 25th. Finally, Citigroup lifted their target price on Square from $30.00 to $38.00 and gave the company a “buy” rating in a research report on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and twenty-four have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $35.37.

Several large investors have recently bought and sold shares of the stock. FMR LLC lifted its position in shares of Square by 114.7% in the second quarter. FMR LLC now owns 23,888,617 shares of the technology company’s stock worth $560,427,000 after buying an additional 12,764,491 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Square by 73.4% in the second quarter. Vanguard Group Inc. now owns 19,034,862 shares of the technology company’s stock worth $446,558,000 after buying an additional 8,058,892 shares in the last quarter. Capital World Investors lifted its position in shares of Square by 32.8% in the second quarter. Capital World Investors now owns 15,597,830 shares of the technology company’s stock worth $365,925,000 after buying an additional 3,853,000 shares in the last quarter. Allianz Asset Management GmbH lifted its position in shares of Square by 31.0% in the third quarter. Allianz Asset Management GmbH now owns 13,302,170 shares of the technology company’s stock worth $383,235,000 after buying an additional 3,147,558 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of Square by 5.8% in the second quarter. Renaissance Technologies LLC now owns 9,076,600 shares of the technology company’s stock worth $212,937,000 after buying an additional 498,100 shares in the last quarter. Institutional investors own 54.21% of the company’s stock.

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Square Company Profile

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.

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

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