Square Inc (NYSE:SQ) CFO Sarah Friar sold 38,400 shares of the firm’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $41.46, for a total value of $1,592,064.00. Following the completion of the sale, the chief financial officer now directly owns 349,123 shares of the company’s stock, valued at $14,474,639.58. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Sarah Friar also recently made the following trade(s):
- On Wednesday, December 13th, Sarah Friar sold 19,200 shares of Square stock. The shares were sold at an average price of $37.20, for a total value of $714,240.00.
- 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.
Square Inc (SQ) traded up $2.73 during midday trading on Monday, reaching $45.29. The company had a trading volume of 27,156,834 shares, compared to its average volume of 17,950,975. Square Inc has a 12-month low of $13.84 and a 12-month high of $49.56. The stock has a market cap of $17,600.00 and a P/E ratio of -266.41. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.48.
Several analysts have recently commented on SQ shares. Morgan Stanley raised their price target on Square from $26.00 to $40.00 and gave the company a “hold” rating in a report on Tuesday, December 19th. They noted that the move was a valuation call. Citigroup raised their price target on Square from $30.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, October 18th. Goldman Sachs Group raised Square to a “buy” rating in a report on Thursday, November 16th. Oppenheimer started coverage on Square in a report on Thursday, October 12th. They issued an “outperform” rating and a $35.00 price target for the company. Finally, Zacks Investment Research raised 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. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and twenty-four have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $35.83.
Institutional investors have recently added to or reduced their stakes in the business. Atlantic Trust Group LLC purchased a new position in Square during the third quarter worth $1,143,000. California Public Employees Retirement System increased its position in Square by 10.3% during the second quarter. California Public Employees Retirement System now owns 353,700 shares of the technology company’s stock worth $8,298,000 after buying an additional 33,100 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in Square by 1,407.6% during the third quarter. Schwab Charles Investment Management Inc. now owns 696,007 shares of the technology company’s stock worth $20,052,000 after buying an additional 649,841 shares in the last quarter. Kessler Investment Group LLC grew its position in shares of Square by 133.1% in the fourth quarter. Kessler Investment Group LLC now owns 11,725 shares of the technology company’s stock valued at $407,000 after purchasing an additional 6,695 shares during the period. Finally, Nomura Asset Management Co. Ltd. purchased a new stake in shares of Square in the third quarter valued at $36,574,000. 54.29% of the stock is owned by institutional investors.
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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