Square Inc (SQ) Insider Sells $58,040.00 in Stock

Square Inc (NYSE:SQ) insider Ajmere Dale sold 1,451 shares of the business’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $40.00, for a total value of $58,040.00. Following the completion of the transaction, the insider now directly owns 109,586 shares in the company, valued at approximately $4,383,440. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Ajmere Dale also recently made the following trade(s):

  • On Monday, December 4th, Ajmere Dale sold 2,814 shares of Square stock. The stock was sold at an average price of $37.23, for a total value of $104,765.22.
  • On Friday, November 10th, Ajmere Dale sold 17,446 shares of Square stock. The stock was sold at an average price of $38.98, for a total value of $680,045.08.
  • On Monday, November 13th, Ajmere Dale sold 20,286 shares of Square stock. The stock was sold at an average price of $39.12, for a total value of $793,588.32.

Shares of Square Inc (SQ) traded up $0.12 during trading on Tuesday, hitting $40.88. The company’s stock had a trading volume of 14,705,437 shares, compared to its average volume of 22,760,000. Square Inc has a 12 month low of $13.84 and a 12 month high of $49.56. The company has a market capitalization of $15,880.00 and a P/E ratio of -240.47. 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 results on Wednesday, November 8th. The technology company reported $0.07 earnings per share (EPS) for the quarter, topping the 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 company had revenue of $257.12 million during the quarter, compared to the consensus estimate of $244.95 million. During the same period in the prior year, the company earned $0.01 earnings per share. The company’s revenue for the quarter was up 44.6% compared to the same quarter last year. equities research analysts expect that Square Inc will post -0.15 EPS for the current fiscal year.

A number of research firms have commented on SQ. Barclays reissued a “buy” rating and issued a $43.00 price objective on shares of Square in a research note on Friday. Zacks Investment Research lowered Square from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Buckingham Research began coverage on Square in a research note on Thursday, January 4th. They issued a “buy” rating and a $42.00 price objective on the stock. KeyCorp boosted their price objective on Square from $29.00 to $32.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 3rd. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $31.00 price objective on shares of Square in a research note on Sunday, October 8th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and twenty-five have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $34.83.

Institutional investors have recently made changes to their positions in the business. Atlantic Trust Group LLC bought a new stake in shares of Square in the third quarter worth about $1,143,000. California Public Employees Retirement System boosted its position in shares of Square by 10.3% during the second quarter. California Public Employees Retirement System now owns 353,700 shares of the technology company’s stock worth $8,298,000 after buying an additional 33,100 shares during the period. Schwab Charles Investment Management Inc. boosted its position in shares of Square by 1,407.6% during the third quarter. Schwab Charles Investment Management Inc. now owns 696,007 shares of the technology company’s stock worth $20,052,000 after buying an additional 649,841 shares during the period. Nomura Asset Management Co. Ltd. acquired a new position in shares of Square during the third quarter worth about $36,574,000. Finally, California State Teachers Retirement System boosted its position in shares of Square by 285.7% during the second quarter. California State Teachers Retirement System now owns 395,757 shares of the technology company’s stock worth $9,284,000 after buying an additional 293,137 shares during the period. Institutional investors own 54.20% 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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