Square Inc (NYSE:SQ) CEO Jack Dorsey sold 381,500 shares of the firm’s stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $18.63, for a total value of $7,107,345.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Tuesday, April 18th, Jack Dorsey sold 381,500 shares of Square stock. The stock was sold at an average price of $16.96, for a total value of $6,470,240.00.
  • On Tuesday, April 4th, Jack Dorsey sold 381,500 shares of Square stock. The stock was sold at an average price of $17.00, for a total value of $6,485,500.00.
  • On Tuesday, March 21st, Jack Dorsey sold 381,500 shares of Square stock. The stock was sold at an average price of $16.80, for a total value of $6,409,200.00.
  • On Tuesday, February 7th, Jack Dorsey sold 381,500 shares of Square stock. The stock was sold at an average price of $14.39, for a total value of $5,489,785.00.

Shares of Square Inc (NYSE:SQ) traded down 0.60% during trading on Friday, hitting $19.78. The stock had a trading volume of 9,608,330 shares. Square Inc has a 12 month low of $8.42 and a 12 month high of $20.42. The stock has a 50-day moving average price of $17.49 and a 200 day moving average price of $14.88. The company’s market cap is $7.26 billion. Square also saw some unusual options trading on Tuesday. Investors purchased 15,525 put options on the stock. This is an increase of 1,319% compared to the average volume of 1,094 put options.

Square (NYSE:SQ) last announced its earnings results on Wednesday, May 3rd. The technology company reported ($0.03) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.05. Square had a negative return on equity of 31.99% and a negative net margin of 12.55%. The company had revenue of $461.55 million for the quarter, compared to analyst estimates of $450.66 million. Equities analysts expect that Square Inc will post ($0.26) EPS for the current fiscal year.

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

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SQ has been the subject of a number of research analyst reports. Citigroup Inc initiated coverage on Square in a research note on Friday, February 17th. They issued a “buy” rating and a $20.00 price target for the company. Vetr lowered Square from a “strong-buy” rating to a “buy” rating and set a $16.22 price target for the company. in a research note on Thursday, February 9th. Compass Point raised their price target on Square from $14.00 to $19.00 and gave the stock a “buy” rating in a research note on Tuesday, January 10th. Goldman Sachs Group Inc raised their price target on Square from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, February 23rd. Finally, Mizuho raised their price target on Square from $16.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday, February 23rd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. Square has a consensus rating of “Buy” and an average target price of $17.72.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Two Sigma Securities LLC purchased a new position in shares of Square during the third quarter worth $118,000. Old Mutual Global Investors UK Ltd. purchased a new position in shares of Square during the first quarter worth $131,000. Intellectus Partners LLC purchased a new position in shares of Square during the fourth quarter worth $159,000. Ancora Advisors LLC purchased a new position in shares of Square during the fourth quarter worth $164,000. Finally, Pittenger & Anderson Inc. raised its position in shares of Square by 25.0% in the fourth quarter. Pittenger & Anderson Inc. now owns 12,500 shares of the technology company’s stock worth $170,000 after buying an additional 2,500 shares in the last quarter. 24.28% of the stock is currently owned by institutional investors and hedge funds.

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.

5 Day Chart for NYSE:SQ

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