Square Inc (SQ) Insider Ajmere Dale Sells 1,451 Shares
Square Inc (NYSE:SQ) insider Ajmere Dale sold 1,451 shares of the company’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $40.00, for a total transaction of $58,040.00. Following the completion of the sale, the insider now directly owns 109,586 shares in the company, valued at $4,383,440. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 shares were sold at an average price of $37.23, for a total transaction of $104,765.22.
- On Friday, November 10th, Ajmere Dale sold 17,446 shares of Square stock. The shares were sold at an average price of $38.98, for a total transaction of $680,045.08.
- On Monday, November 13th, Ajmere Dale sold 20,286 shares of Square stock. The shares were sold at an average price of $39.12, for a total transaction of $793,588.32.
Square Inc (SQ) opened at $40.88 on Wednesday. The company has a market cap of $15,880.00 and a PE ratio of -240.47. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.48. Square Inc has a 12-month low of $13.84 and a 12-month high of $49.56.
Square (NYSE:SQ) last released its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.05 by $0.02. The business had revenue of $257.12 million during the quarter, compared to analyst estimates of $244.95 million. Square had a negative net margin of 3.04% and a negative return on equity of 7.98%. The company’s quarterly revenue was up 44.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.01 earnings per share. research analysts expect that Square Inc will post -0.15 EPS for the current fiscal year.
A number of analysts have weighed in on the stock. Vetr cut shares of Square from a “buy” rating to a “hold” rating and set a $45.60 target price on the stock. in a report on Monday, November 20th. Cantor Fitzgerald increased their target price on shares of Square to $41.00 and gave the stock an “overweight” rating in a report on Thursday, November 9th. Oppenheimer reissued a “buy” rating on shares of Square in a report on Monday, November 20th. Royal Bank of Canada reissued a “buy” rating and set a $31.00 target price on shares of Square in a report on Sunday, October 8th. Finally, Zacks Investment Research cut shares of Square from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and twenty-five have assigned a buy rating to the company’s stock. Square presently has a consensus rating of “Buy” and an average target price of $34.83.
A number of institutional investors and hedge funds have recently made changes to their positions in SQ. Almanack Investment Partners LLC. bought a new position in Square in the 2nd quarter valued at about $117,000. Riverhead Capital Management LLC bought a new position in Square in the 2nd quarter valued at about $149,000. Hudock Capital Group LLC bought a new position in Square in the 3rd quarter valued at about $157,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Square by 19.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,752 shares of the technology company’s stock valued at $158,000 after buying an additional 1,099 shares in the last quarter. Finally, Pacer Advisors Inc. grew its position in Square by 42.2% in the 2nd quarter. Pacer Advisors Inc. now owns 8,368 shares of the technology company’s stock valued at $196,000 after buying an additional 2,485 shares in the last quarter. Hedge funds and other institutional investors own 54.20% of the company’s stock.
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.
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