Insider Selling: Square, Inc. (NYSE:SQ) Insider Sells 20,000 Shares of Stock

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Square, Inc. (NYSE:SQ) insider Alyssa Henry sold 20,000 shares of the stock in a transaction that occurred on Tuesday, July 9th. The shares were sold at an average price of $77.69, for a total transaction of $1,553,800.00. Following the sale, the insider now directly owns 449,261 shares of the company’s stock, valued at $34,903,087.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Alyssa Henry also recently made the following trade(s):

  • On Tuesday, June 11th, Alyssa Henry sold 20,000 shares of Square stock. The shares were sold at an average price of $70.22, for a total transaction of $1,404,400.00.
  • On Tuesday, May 14th, Alyssa Henry sold 20,000 shares of Square stock. The shares were sold at an average price of $64.20, for a total transaction of $1,284,000.00.

Shares of NYSE:SQ opened at $82.28 on Friday. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.91. The stock has a market cap of $33.60 billion, a P/E ratio of 4,114.00, a PEG ratio of 21.29 and a beta of 3.31. Square, Inc. has a 52 week low of $49.82 and a 52 week high of $101.15. The company has a 50 day moving average price of $70.34.

Square (NYSE:SQ) last issued its quarterly earnings results on Wednesday, May 1st. The technology company reported ($0.01) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.09). The firm had revenue of $489.00 million during the quarter, compared to analysts’ expectations of $479.63 million. Square had a negative net margin of 1.47% and a positive return on equity of 1.86%. The firm’s revenue was up 59.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.06 EPS. As a group, sell-side analysts predict that Square, Inc. will post 0.15 EPS for the current year.

Several analysts recently commented on SQ shares. ValuEngine raised shares of WEX from a “hold” rating to a “buy” rating in a research note on Thursday, June 13th. Sanford C. Bernstein started coverage on shares of Farfetch in a research note on Tuesday, April 16th. They set an “underperform” rating and a $23.00 target price for the company. Nomura increased their target price on shares of Square from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, June 28th. Raymond James set a C$31.00 target price on shares of Endeavour Mining and gave the company an “outperform” rating in a research note on Tuesday, July 9th. Finally, Zacks Investment Research lowered shares of GENEL ENERGY PL/ADR from a “buy” rating to a “hold” rating in a research note on Tuesday, May 7th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and twenty-three have issued a buy rating to the company. Square has a consensus rating of “Buy” and an average price target of $86.49.

Several large investors have recently modified their holdings of SQ. Lenox Wealth Management Inc. acquired a new position in Square in the 1st quarter valued at approximately $25,000. Legacy Advisors LLC acquired a new position in Square in the 1st quarter valued at approximately $27,000. FTB Advisors Inc. acquired a new position in Square in the 1st quarter valued at approximately $27,000. Cullen Frost Bankers Inc. acquired a new position in Square in the 1st quarter valued at approximately $28,000. Finally, Private Ocean LLC acquired a new position in Square in the 1st quarter valued at approximately $28,000. Institutional investors and hedge funds own 51.98% of the company’s stock.

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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