Square, Inc. (NYSE:SQ) Director James Morgan Jr. Mckelvey sold 400,000 shares of the business’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $27.22, for a total value of $10,888,000.00. Following the completion of the sale, the director now owns 507,385 shares of the company’s stock, valued at $13,811,019.70. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

  • On Tuesday, August 15th, James Morgan Jr. Mckelvey sold 400,000 shares of Square stock. The shares were sold at an average price of $25.02, for a total value of $10,008,000.00.

Square, Inc. (NYSE SQ) opened at 28.61 on Friday. The firm’s market cap is $10.98 billion. The firm has a 50-day moving average price of $25.79 and a 200-day moving average price of $21.89. Square, Inc. has a one year low of $10.88 and a one year high of $28.80.

Square (NYSE:SQ) last issued its quarterly earnings results on Wednesday, August 2nd. The technology company reported ($0.04) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.01. Square had a negative return on equity of 12.41% and a negative net margin of 4.13%. The firm had revenue of $240.00 million during the quarter, compared to analyst estimates of $228.64 million. During the same quarter in the previous year, the company posted ($0.08) earnings per share. The company’s revenue was up 40.4% compared to the same quarter last year. On average, equities analysts expect that Square, Inc. will post $0.24 EPS for the current fiscal year.

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A number of hedge funds have recently modified their holdings of the business. Regents of The University of California bought a new stake in Square during the second quarter worth about $4,692,000. Public Employees Retirement System of Ohio lifted its stake in Square by 54.5% during the second quarter. Public Employees Retirement System of Ohio now owns 234,768 shares of the technology company’s stock worth $5,508,000 after purchasing an additional 82,768 shares during the last quarter. Cypress Wealth Advisors LLC lifted its stake in Square by 71.0% during the second quarter. Cypress Wealth Advisors LLC now owns 107,747 shares of the technology company’s stock worth $2,802,000 after purchasing an additional 44,750 shares during the last quarter. National Asset Management Inc. lifted its stake in Square by 21.6% during the second quarter. National Asset Management Inc. now owns 12,444 shares of the technology company’s stock worth $292,000 after purchasing an additional 2,209 shares during the last quarter. Finally, California State Teachers Retirement System lifted its stake in 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 purchasing an additional 293,137 shares during the last quarter. 82.02% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have recently weighed in on SQ. Cantor Fitzgerald began coverage on Square in a research report on Tuesday. They set an “overweight” rating and a $31.00 target price for the company. Bank of America Corporation began coverage on Square in a research report on Tuesday. They set a “neutral” rating for the company. Vetr downgraded Square from a “strong-buy” rating to a “buy” rating and set a $30.12 target price for the company. in a research report on Tuesday. BTIG Research reiterated a “neutral” rating on shares of Square in a research report on Thursday, September 7th. Finally, Wedbush reiterated a “neutral” rating and set a $28.00 target price on shares of Square in a research report on Wednesday, August 9th. Twelve research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $24.87.

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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