Square, Inc. (SQ) CEO Sells $7,395,852.30 in Stock

Square, Inc. (NYSE:SQ) CEO Jack Dorsey sold 103,035 shares of the business’s stock in a transaction dated Wednesday, October 31st. The stock was sold at an average price of $71.78, for a total transaction of $7,395,852.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

  • On Wednesday, October 24th, Jack Dorsey sold 103,035 shares of Square stock. The stock was sold at an average price of $73.48, for a total transaction of $7,571,011.80.
  • On Wednesday, October 17th, Jack Dorsey sold 103,035 shares of Square stock. The stock was sold at an average price of $77.30, for a total transaction of $7,964,605.50.
  • On Wednesday, October 10th, Jack Dorsey sold 103,035 shares of Square stock. The stock was sold at an average price of $80.38, for a total transaction of $8,281,953.30.
  • On Wednesday, October 3rd, Jack Dorsey sold 103,035 shares of Square stock. The stock was sold at an average price of $97.67, for a total transaction of $10,063,428.45.
  • On Wednesday, September 26th, Jack Dorsey sold 103,035 shares of Square stock. The stock was sold at an average price of $95.28, for a total transaction of $9,817,174.80.
  • On Wednesday, September 19th, Jack Dorsey sold 103,035 shares of Square stock. The stock was sold at an average price of $87.31, for a total transaction of $8,995,985.85.
  • On Wednesday, September 12th, Jack Dorsey sold 103,035 shares of Square stock. The stock was sold at an average price of $90.40, for a total transaction of $9,314,364.00.
  • On Wednesday, September 5th, Jack Dorsey sold 103,035 shares of Square stock. The shares were sold at an average price of $89.71, for a total transaction of $9,243,269.85.
  • On Wednesday, August 29th, Jack Dorsey sold 103,035 shares of Square stock. The shares were sold at an average price of $83.85, for a total transaction of $8,639,484.75.
  • On Wednesday, August 22nd, Jack Dorsey sold 103,035 shares of Square stock. The shares were sold at an average price of $76.02, for a total transaction of $7,832,720.70.

NYSE SQ opened at $77.76 on Monday. Square, Inc. has a 12-month low of $34.14 and a 12-month high of $101.15. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.18 and a current ratio of 2.18. The company has a market capitalization of $31.91 billion, a PE ratio of -777.60 and a beta of 4.30.

Several hedge funds and other institutional investors have recently bought and sold shares of SQ. American Century Companies Inc. raised its position in shares of Square by 2,070.5% in the second quarter. American Century Companies Inc. now owns 827,790 shares of the technology company’s stock valued at $51,025,000 after purchasing an additional 789,651 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Square by 85.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,450,154 shares of the technology company’s stock valued at $143,579,000 after purchasing an additional 668,394 shares during the period. Korea Investment CORP bought a new stake in shares of Square in the second quarter valued at approximately $36,435,000. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Square by 8.1% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,700,722 shares of the technology company’s stock valued at $289,753,000 after purchasing an additional 353,037 shares during the period. Finally, Scout Investments Inc. bought a new stake in shares of Square in the third quarter valued at approximately $34,577,000. 51.63% of the stock is currently owned by institutional investors.

SQ has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Square from $45.00 to $46.00 and gave the company a “$71.60” rating in a research note on Monday, July 23rd. Needham & Company LLC boosted their target price on shares of Square from $65.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, August 2nd. Stifel Nicolaus boosted their target price on shares of Square from $66.00 to $72.00 and gave the company a “buy” rating in a research note on Tuesday, July 31st. Deutsche Bank boosted their target price on shares of Square from $57.00 to $78.00 and gave the company a “buy” rating in a research note on Tuesday, July 24th. Finally, Guggenheim reiterated a “buy” rating and issued a $73.00 target price on shares of Square in a research note on Friday, July 13th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. Square presently has a consensus rating of “Hold” and an average price target of $72.64.

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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Insider Buying and Selling by Quarter for Square (NYSE:SQ)

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