Square, Inc. (SQ) CEO Sells $7,401,004.05 in Stock

Square, Inc. (NYSE:SQ) CEO Jack Dorsey sold 103,035 shares of Square stock in a transaction on Wednesday, February 6th. The stock was sold at an average price of $71.83, for a total transaction of $7,401,004.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

Get Square alerts:

On Wednesday, January 30th, Jack Dorsey sold 103,035 shares of Square stock. The stock was sold at an average price of $70.33, for a total transaction of $7,246,451.55. On Wednesday, January 23rd, Jack Dorsey sold 103,035 shares of Square stock. The stock was sold at an average price of $69.87, for a total transaction of $7,199,055.45. On Wednesday, January 16th, Jack Dorsey sold 103,035 shares of Square stock. The stock was sold at an average price of $66.00, for a total transaction of $6,800,310.00. On Wednesday, January 9th, Jack Dorsey sold 103,035 shares of Square stock. The stock was sold at an average price of $63.69, for a total transaction of $6,562,299.15. On Wednesday, January 2nd, Jack Dorsey sold 103,035 shares of Square stock. The stock was sold at an average price of $53.89, for a total transaction of $5,552,556.15. On Wednesday, December 26th, Jack Dorsey sold 103,035 shares of Square stock. The stock was sold at an average price of $51.57, for a total transaction of $5,313,514.95. On Wednesday, December 19th, Jack Dorsey sold 103,035 shares of Square stock. The stock was sold at an average price of $61.11, for a total transaction of $6,296,468.85. On Wednesday, December 12th, Jack Dorsey sold 103,035 shares of Square stock. The stock was sold at an average price of $63.92, for a total transaction of $6,585,997.20. On Thursday, December 6th, Jack Dorsey sold 103,035 shares of Square stock. The stock was sold at an average price of $60.79, for a total transaction of $6,263,497.65. On Wednesday, November 28th, Jack Dorsey sold 103,035 shares of Square stock. The stock was sold at an average price of $66.20, for a total transaction of $6,820,917.00.

Shares of NYSE SQ opened at $73.49 on Monday. Square, Inc. has a fifty-two week low of $36.76 and a fifty-two week high of $101.15. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.80. The stock has a market cap of $30.39 billion, a P/E ratio of -734.90, a P/E/G ratio of 35.99 and a beta of 3.68.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Jennison Associates LLC raised its stake in shares of Square by 34.3% during the fourth quarter. Jennison Associates LLC now owns 9,663,722 shares of the technology company’s stock valued at $542,038,000 after purchasing an additional 2,470,434 shares in the last quarter. Nikko Asset Management Americas Inc. raised its stake in shares of Square by 45.3% during the fourth quarter. Nikko Asset Management Americas Inc. now owns 4,238,388 shares of the technology company’s stock valued at $237,731,000 after purchasing an additional 1,321,321 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of Square by 4,800.1% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,698,238 shares of the technology company’s stock valued at $66,000 after purchasing an additional 3,622,766 shares in the last quarter. FIL Ltd raised its stake in shares of Square by 75.2% during the third quarter. FIL Ltd now owns 2,965,450 shares of the technology company’s stock valued at $293,609,000 after purchasing an additional 1,272,790 shares in the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD raised its stake in shares of Square by 11,275.7% during the fourth quarter. Sumitomo Mitsui Asset Management Company LTD now owns 1,998,253 shares of the technology company’s stock valued at $112,082,000 after purchasing an additional 1,980,687 shares in the last quarter. Institutional investors and hedge funds own 48.57% of the company’s stock.

A number of equities analysts have commented on the stock. Raymond James downgraded shares of Square from a “market perform” rating to an “underperform” rating and set a $73.29 price objective for the company. in a report on Tuesday, January 29th. ValuEngine raised shares of Square from a “buy” rating to a “strong-buy” rating in a report on Friday, January 25th. Nomura reaffirmed a “buy” rating and issued a $110.00 price objective (up previously from $108.00) on shares of Square in a report on Thursday, January 24th. Zacks Investment Research raised shares of Square from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a report on Wednesday, January 9th. Finally, Wolfe Research upgraded Square from a “market perform” rating to an “outperform” rating in a research note on Friday, January 4th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $83.55.

COPYRIGHT VIOLATION NOTICE: “Square, Inc. (SQ) CEO Sells $7,401,004.05 in Stock” was first published by Ticker Report and is owned by of Ticker Report. If you are reading this news story on another domain, it was copied illegally and republished in violation of US and international copyright law. The legal version of this news story can be accessed at www.tickerreport.com/banking-finance/4142507/square-inc-sq-ceo-sells-7401004-05-in-stock.html.

Square Company Profile

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.

Featured Story: How dollar cost averaging works

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

Leave a Reply

Your email address will not be published. Required fields are marked *