Square Inc (SQ) Director Mary G. Meeker Sells 51,422 Shares
Square Inc (NYSE:SQ) Director Mary G. Meeker sold 51,422 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $38.25, for a total transaction of $1,966,891.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Square Inc (NYSE:SQ) traded up $0.73 during mid-day trading on Tuesday, hitting $37.60. 21,270,732 shares of the stock traded hands, compared to its average volume of 9,000,995. Square Inc has a one year low of $13.03 and a one year high of $49.56. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.48.
Square (NYSE:SQ) last released its earnings results on Wednesday, November 8th. The technology company reported $0.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.02. Square had a negative net margin of 3.04% and a negative return on equity of 7.98%. The company had revenue of $257.12 million during the quarter, compared to analysts’ expectations of $244.95 million. During the same quarter last year, the business earned $0.01 EPS. The business’s revenue was up 44.6% on a year-over-year basis. research analysts expect that Square Inc will post -0.16 EPS for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Almanack Investment Partners LLC. acquired a new position in Square during the second quarter worth about $117,000. Riverhead Capital Management LLC acquired a new position in Square during the second quarter worth about $149,000. Hudock Capital Group LLC acquired a new position in Square during the third quarter worth about $157,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Square by 19.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,752 shares of the technology company’s stock worth $158,000 after acquiring an additional 1,099 shares during the last quarter. Finally, Pacer Advisors Inc. raised its position in Square by 42.2% during the second quarter. Pacer Advisors Inc. now owns 8,368 shares of the technology company’s stock worth $196,000 after acquiring an additional 2,485 shares during the last quarter. Hedge funds and other institutional investors own 54.31% of the company’s stock.
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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