Square Inc (SQ) CFO Sarah Friar Sells 19,200 Shares of Stock

Square Inc (NYSE:SQ) CFO Sarah Friar sold 19,200 shares of Square stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $37.20, for a total value of $714,240.00. Following the completion of the sale, the chief financial officer now owns 355,566 shares of the company’s stock, valued at approximately $13,227,055.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Sarah Friar also recently made the following trade(s):

  • On Wednesday, November 22nd, Sarah Friar sold 38,400 shares of Square stock. The shares were sold at an average price of $47.24, for a total value of $1,814,016.00.
  • On Friday, October 13th, Sarah Friar sold 38,400 shares of Square stock. The shares were sold at an average price of $32.81, for a total value of $1,259,904.00.
  • On Wednesday, September 20th, Sarah Friar sold 19,200 shares of Square stock. The shares were sold at an average price of $28.41, for a total value of $545,472.00.
  • On Thursday, September 21st, Sarah Friar sold 38,400 shares of Square stock. The shares were sold at an average price of $28.36, for a total value of $1,089,024.00.

Square Inc (SQ) traded up $0.02 during trading on Friday, reaching $37.03. The company had a trading volume of 12,918,549 shares, compared to its average volume of 30,644,256. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.48. Square Inc has a 12-month low of $13.53 and a 12-month high of $49.56.

Square (NYSE:SQ) last released its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.05 by $0.02. The firm had revenue of $257.12 million for the quarter, compared to analyst estimates of $244.95 million. Square had a negative return on equity of 7.98% and a negative net margin of 3.04%. Square’s revenue for the quarter was up 44.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.01 EPS. sell-side analysts expect that Square Inc will post -0.16 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in the stock. Almanack Investment Partners LLC. acquired a new position in shares of Square in the 2nd quarter valued at approximately $117,000. Riverhead Capital Management LLC acquired a new position in shares of Square in the 2nd quarter valued at approximately $149,000. Hudock Capital Group LLC acquired a new position in shares of Square in the 3rd quarter valued at approximately $157,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Square by 19.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,752 shares of the technology company’s stock valued at $158,000 after purchasing an additional 1,099 shares in the last quarter. Finally, Pacer Advisors Inc. raised its position in shares of Square by 42.2% in the 2nd quarter. Pacer Advisors Inc. now owns 8,368 shares of the technology company’s stock valued at $196,000 after purchasing an additional 2,485 shares in the last quarter. 54.31% of the stock is currently owned by hedge funds and other institutional investors.

SQ has been the subject of several recent analyst reports. Zacks Investment Research upgraded Square from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a report on Tuesday, October 3rd. Barclays lifted their price target on Square from $28.00 to $37.00 and gave the company an “overweight” rating in a report on Thursday, November 9th. Vetr cut Square from a “buy” rating to a “hold” rating and set a $31.08 price target for the company. in a report on Wednesday, October 4th. Wells Fargo & Company started coverage on Square in a report on Tuesday, November 21st. They set a “market perform” rating and a $42.00 target price for the company. Finally, Deutsche Bank boosted their target price on Square to $37.00 and gave the stock a “buy” rating in a report on Tuesday, October 31st. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and twenty-four have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $33.88.

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About Square

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.

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

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