Square, Inc. (NYSE:SQ) CEO Jack Dorsey sold 103,035 shares of the company’s stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $90.40, for a total value of $9,314,364.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Wednesday, September 5th, Jack Dorsey sold 103,035 shares of Square stock. The stock was sold at an average price of $89.71, for a total value of $9,243,269.85.
  • On Wednesday, August 29th, Jack Dorsey sold 103,035 shares of Square stock. The stock was sold at an average price of $83.85, for a total value of $8,639,484.75.
  • On Wednesday, August 22nd, Jack Dorsey sold 103,035 shares of Square stock. The stock was sold at an average price of $76.02, for a total value of $7,832,720.70.
  • On Wednesday, August 15th, Jack Dorsey sold 103,035 shares of Square stock. The stock was sold at an average price of $73.93, for a total value of $7,617,377.55.

Shares of SQ stock opened at $90.82 on Friday. The stock has a market cap of $37.12 billion, a P/E ratio of -908.20 and a beta of 4.36. Square, Inc. has a 1-year low of $27.21 and a 1-year high of $92.92. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.18 and a quick ratio of 2.18.

Square (NYSE:SQ) last issued its earnings results on Wednesday, August 1st. The technology company reported $0.13 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.14. The company had revenue of $385.00 million during the quarter, compared to analysts’ expectations of $367.99 million. Square had a negative return on equity of 3.18% and a negative net margin of 2.30%. Square’s quarterly revenue was up 60.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.07 EPS. equities research analysts expect that Square, Inc. will post -0.04 EPS for the current fiscal year.

A number of brokerages have weighed in on SQ. Deutsche Bank upped their target price on Square from $78.00 to $98.00 and gave the stock a “buy” rating in a research note on Friday. Guggenheim upped their target price on Square from $75.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, August 29th. Nomura upped their target price on Square from $82.00 to $86.00 and gave the stock a “buy” rating in a research note on Tuesday, August 14th. JPMorgan Chase & Co. upped their target price on Square from $45.00 to $46.00 and gave the stock a “$71.60” rating in a research note on Monday, July 23rd. Finally, Morgan Stanley upped their target price on Square from $43.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 19th. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and twenty have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $61.51.

A number of hedge funds have recently modified their holdings of the stock. Lincoln National Corp boosted its holdings in Square by 13.7% during the 2nd quarter. Lincoln National Corp now owns 6,327 shares of the technology company’s stock valued at $390,000 after acquiring an additional 764 shares during the period. Sheaff Brock Investment Advisors LLC boosted its holdings in Square by 19.2% during the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 5,341 shares of the technology company’s stock valued at $329,000 after acquiring an additional 861 shares during the period. Northstar Capital Management LLC boosted its holdings in Square by 1.2% during the 2nd quarter. Northstar Capital Management LLC now owns 76,435 shares of the technology company’s stock valued at $4,711,000 after acquiring an additional 901 shares during the period. Horan Capital Management boosted its holdings in Square by 7.2% during the 2nd quarter. Horan Capital Management now owns 14,900 shares of the technology company’s stock valued at $918,000 after acquiring an additional 1,000 shares during the period. Finally, Resources Investment Advisors Inc. boosted its holdings in Square by 54.4% during the 2nd quarter. Resources Investment Advisors Inc. now owns 2,980 shares of the technology company’s stock valued at $184,000 after acquiring an additional 1,050 shares during the period. Institutional investors own 51.95% of the company’s stock.

About Square

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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