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

Square, Inc. (NYSE:SQ) CEO Jack Dorsey sold 103,035 shares of the company’s stock in a transaction dated Wednesday, November 21st. The stock was sold at an average price of $62.29, for a total transaction of $6,418,050.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Wednesday, November 14th, Jack Dorsey sold 103,035 shares of Square stock. The stock was sold at an average price of $71.51, for a total transaction of $7,368,032.85.
  • On Wednesday, November 7th, Jack Dorsey sold 103,035 shares of Square stock. The stock was sold at an average price of $79.61, for a total transaction of $8,202,616.35.
  • On Wednesday, October 31st, Jack Dorsey sold 103,035 shares of Square stock. The stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $90.40, for a total transaction of $9,314,364.00.

Shares of NYSE SQ traded up $3.05 during midday trading on Monday, hitting $66.52. 12,607,525 shares of the company’s stock traded hands, compared to its average volume of 13,709,398. 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 $26.24 billion, a P/E ratio of -665.20 and a beta of 4.30. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.80.

Square (NYSE:SQ) last released its quarterly earnings results on Wednesday, November 7th. The technology company reported $0.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.02. Square had a negative net margin of 0.87% and a negative return on equity of 1.11%. The firm 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 firm earned $0.07 EPS. The business’s revenue for the quarter was up 67.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Square, Inc. will post -0.02 EPS for the current year.

SQ has been the topic of a number of analyst reports. ValuEngine cut shares of Square from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 20th. Needham & Company LLC upped their target price on shares of Square from $65.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, August 2nd. Susquehanna Bancshares restated a “neutral” rating on shares of Square in a research note on Thursday, November 8th. They noted that the move was a valuation call. Stifel Nicolaus upped their target price 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, JPMorgan Chase & Co. upped their target price on shares of Square to $60.00 and gave the company an “overweight” rating in a research note on Thursday, August 2nd. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and nineteen have given a buy rating to the company. Square has a consensus rating of “Hold” and a consensus price target of $81.82.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Regentatlantic Capital LLC purchased a new stake in shares of Square during the 3rd quarter valued at about $249,000. Toronto Dominion Bank increased its holdings in Square by 11.5% in the 3rd quarter. Toronto Dominion Bank now owns 31,501 shares of the technology company’s stock worth $3,118,000 after acquiring an additional 3,253 shares in the last quarter. Checchi Capital Advisers LLC purchased a new stake in Square in the 3rd quarter worth approximately $284,000. Cognios Capital LLC increased its holdings in Square by 18.2% in the 2nd quarter. Cognios Capital LLC now owns 24,549 shares of the technology company’s stock worth $1,513,000 after acquiring an additional 3,779 shares in the last quarter. Finally, Brighton Jones LLC increased its holdings in Square by 39.1% in the 2nd quarter. Brighton Jones LLC now owns 11,572 shares of the technology company’s stock worth $713,000 after acquiring an additional 3,251 shares in the last quarter. 51.04% of the stock is owned by hedge funds and other 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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