Square, Inc. (NYSE:SQ) CFO Sarah Friar sold 38,400 shares of the stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $26.39, for a total transaction of $1,013,376.00. Following the completion of the transaction, the chief financial officer now owns 368,791 shares of the company’s stock, valued at approximately $9,732,394.49. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Sarah Friar also recently made the following trade(s):
- On Monday, July 17th, Sarah Friar sold 19,200 shares of Square stock. The shares were sold at an average price of $26.25, for a total transaction of $504,000.00.
- On Friday, June 23rd, Sarah Friar sold 38,400 shares of Square stock. The stock was sold at an average price of $24.22, for a total transaction of $930,048.00.
- On Thursday, May 25th, Sarah Friar sold 38,400 shares of Square stock. The stock was sold at an average price of $22.09, for a total transaction of $848,256.00.
- On Wednesday, April 26th, Sarah Friar sold 2,696 shares of Square stock. The stock was sold at an average price of $18.23, for a total transaction of $49,148.08.
Square, Inc. (NYSE SQ) opened at 25.20 on Tuesday. The firm’s market capitalization is $9.67 billion. The firm’s 50-day moving average is $25.35 and its 200-day moving average is $20.23. Square, Inc. has a 52-week low of $10.88 and a 52-week high of $27.97.
Square (NYSE:SQ) last released its quarterly earnings results on Wednesday, August 2nd. The technology company reported ($0.04) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.01. The company had revenue of $240 million for the quarter, compared to analysts’ expectations of $228.64 million. Square had a negative return on equity of 12.41% and a negative net margin of 4.13%. The business’s quarterly revenue was up 40.4% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.08) earnings per share. On average, equities analysts expect that Square, Inc. will post $0.24 earnings per share for the current year.
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A number of hedge funds have recently made changes to their positions in the stock. Almanack Investment Partners LLC. bought a new stake in shares of Square during the second quarter valued at approximately $117,000. Pacer Advisors Inc. boosted its stake in shares of Square by 22.7% in the first quarter. Pacer Advisors Inc. now owns 5,883 shares of the technology company’s stock valued at $102,000 after buying an additional 1,090 shares during the last quarter. Riverhead Capital Management LLC bought a new stake in shares of Square during the second quarter valued at approximately $149,000. Glassman Wealth Services boosted its stake in shares of Square by 1,987.3% in the first quarter. Glassman Wealth Services now owns 6,575 shares of the technology company’s stock valued at $114,000 after buying an additional 6,260 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Square by 19.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,752 shares of the technology company’s stock valued at $158,000 after buying an additional 1,099 shares during the last quarter. Institutional investors and hedge funds own 68.74% of the company’s stock.
SQ has been the topic of several analyst reports. Credit Suisse Group lowered shares of Square from an “outperform” rating to a “neutral” rating and upped their target price for the stock from $20.00 to $25.00 in a report on Friday, June 16th. Royal Bank Of Canada lowered their target price on shares of Square to $18.00 and set a “buy” rating on the stock in a report on Monday, April 24th. Needham & Company LLC reaffirmed a “buy” rating and issued a $23.00 target price (up previously from $20.00) on shares of Square in a report on Thursday, May 4th. KeyCorp reaffirmed an “overweight” rating on shares of Square in a report on Tuesday, July 18th. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a $28.00 target price (up previously from $21.00) on shares of Square in a report on Wednesday, August 9th. Eleven investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $24.61.
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.
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