Square Inc. (NYSE:SQ) major shareholder Ventures Iii L.P. Khosla sold 960,000 shares of the company’s stock in a transaction on Tuesday, November 29th. The stock was sold at an average price of $12.60, for a total transaction of $12,096,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Ventures Iii L.P. Khosla also recently made the following trade(s):

  • On Monday, November 28th, Ventures Iii L.P. Khosla sold 689,000 shares of Square stock. The stock was sold at an average price of $12.73, for a total transaction of $8,770,970.00.
  • On Wednesday, November 30th, Ventures Iii L.P. Khosla sold 2,000,000 shares of Square stock. The stock was sold at an average price of $12.67, for a total transaction of $25,340,000.00.

Square Inc. (NYSE:SQ) traded up 3.85% during midday trading on Wednesday, reaching $12.94. 7,805,401 shares of the company traded hands. Square Inc. has a one year low of $8.06 and a one year high of $15.91. The stock’s 50 day moving average is $11.73 and its 200 day moving average is $10.77. The company’s market capitalization is $4.56 billion.

Square (NYSE:SQ) last announced its quarterly earnings results on Tuesday, November 1st. The company reported ($0.09) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.11) by $0.02. Square had a negative return on equity of 31.99% and a negative net margin of 12.55%. The firm had revenue of $439 million for the quarter, compared to analysts’ expectations of $374.36 million. The firm’s quarterly revenue was up 50.9% on a year-over-year basis. On average, equities analysts anticipate that Square Inc. will post ($0.55) earnings per share for the current year.

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

WARNING: “Square Inc. (SQ) Major Shareholder Ventures Iii L.P. Khosla Sells 960,000 Shares” was originally posted by Financial Market News and is the sole property of of Financial Market News. If you are viewing this story on another website, it was illegally copied and republished in violation of United States & international trademark & copyright laws. The original version of this story can be read at http://www.financial-market-news.com/square-inc-sq-major-shareholder-ventures-iii-l-p-khosla-sells-960000-shares/1211368/.

Several large investors have recently made changes to their positions in SQ. Jane Street Group LLC boosted its stake in shares of Square by 128.9% in the third quarter. Jane Street Group LLC now owns 75,864 shares of the company’s stock valued at $885,000 after buying an additional 42,723 shares in the last quarter. Blackstone Group L.P. bought a new stake in shares of Square during the third quarter valued at $14,943,000. Capital World Investors boosted its stake in shares of Square by 131.4% in the third quarter. Capital World Investors now owns 10,813,575 shares of the company’s stock valued at $126,086,000 after buying an additional 6,140,745 shares in the last quarter. The Manufacturers Life Insurance Company bought a new stake in shares of Square during the third quarter valued at $112,000. Finally, Analytic Investors LLC boosted its stake in shares of Square by 103.7% in the third quarter. Analytic Investors LLC now owns 1,471,434 shares of the company’s stock valued at $17,157,000 after buying an additional 749,102 shares in the last quarter. Hedge funds and other institutional investors own 26.73% of the company’s stock.

Several research firms have issued reports on SQ. Evercore ISI upped their price target on shares of Square from $7.00 to $8.00 and gave the stock a “hold” rating in a research report on Thursday, August 4th. Compass Point upped their price target on shares of Square from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Thursday, August 4th. Piper Jaffray Cos. reaffirmed a “neutral” rating and set a $11.50 price target (up from $10.00) on shares of Square in a research report on Friday, August 5th. Morgan Stanley increased their price objective on shares of Square from $10.00 to $11.00 and gave the company an “equal weight” rating in a research report on Thursday, August 4th. Finally, Vetr lowered shares of Square from a “hold” rating to a “sell” rating and set a $11.29 price objective on the stock. in a research report on Tuesday, November 8th. Fourteen equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $13.06.

Square Company Profile

Square, Inc enables payment processing, and also offers financial and marketing services. The Company provides sellers various tools to start, run, manage and grow their businesses. It serves sellers of all sizes, ranging from a single vendor at a farmers’ market to multinational businesses. It serves as a payment service provider, acting as the touch point for the seller to the rest of the payment chain.

5 Day Chart for NYSE:SQ

Receive News & Ratings for Square Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Square Inc. and related companies with MarketBeat.com's FREE daily email newsletter.