Square, Inc. (NYSE:SQ) is now up 45.95% compared to a 12-month low of $49.82. We have seen the price to move -0.22% lower and get settled at $72.71 on 6/24/2019. At recent session, it appeared stuck in a range of $72.52 to $73.679. This company shares are 13.24% off its target price of $82.34 and the current market capitalization stands at $31.41B. The recent change has given its price a 5.62% lead over SMA 50 and -28.12% deficit over its 52-week high. The stock witnessed 14.05% gains, -2.47% declines and 30.07% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found SQ’s volatility during a week at 2.16% and during a month it has been found around 2.84%.
What Does Square, Inc. (SQ) Do?
The company describes itself in regulatory filings as, “Square, Inc. engages in the provision of credit card payment processing solutions. The firm offers additional point-of-sale services, financial services, and marketing services. The company was founded by Jack Dorsey and Jim McKelvey in February 2009 and is headquartered in San Francisco, CA.” [Text can be found here: https://www.marketwatch.com/investing/stock/SQ/profile under company description.]Square, Inc. (SQ) Top Holders
Institutional investors currently hold around $16.26 billion or 69.4% in SQ stock. Look at its top three institutional owners: Vanguard Group Inc owns $1.67 billion in Square, Inc., which represents roughly 5.32% of the company’s market cap and approximately 10.27% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 16,407,424 shares of the stock are valued at $1.2 billion. The third largest holder is Jennison Associates Llc, which currently holds $1.1 billion worth of this stock and that ownership represents nearly 3.51% of its market capitalization.
At the end of March reporting period, 440 institutional holders increased their position in Square, Inc. (NYSE:SQ) by some 31,070,432 shares, 272 decreased positions by 26,286,911 and 98 held positions by 165,824,388. That puts total institutional holdings at 223,181,731 shares, according to SEC filings. The stock grabbed 165 new institutional investments totaling 7,412,892 shares while 64 institutional investors sold out their entire positions totaling 3,927,500 shares.Square, Inc. (NYSE:SQ) Insider Trades
Multiple company employees have indulged in significant insider trading. Square, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Seller Lead Henry Alyssa has sold 20,000 shares of Square, Inc. (SQ) in the trading session dated Jun. 11, 2019. These shares are worth $1,404,400 and were traded at $70.22 each. The SEC filing shows that Reses Jacqueline D performed a sale of 5,000 shares. The Capital Lead disposed these shares by way of transaction on Jun. 04, 2019. The company’s shares were given away at $63 per share worth to an income of some $315,000 to the account of Reses Jacqueline D.
Chief Accounting Officer, Dale Ajmere, sold 2,296 common shares of Square, Inc. (SQ) in the open market. In a transaction dated Jun. 03, 2019, the shares were put up for sale at an average price of $60.86, raking in a sum of $139,735. After this sale, 73,896 common shares of SQ are directly owned by the insider, with total stake valued at $5,372,978.
In the transaction dated May. 14, 2019, a great number of shares sold came courtesy the Seller Lead; Henry Alyssa disposed a total of 20,000 shares at an average price of $64.2, amounting to approximately $1,284,000. The insider now directly owns 440,132 shares worth $32,001,998.Square, Inc. (SQ) Analyst Guide
Several analysts have released their opinion on Square, Inc. (NYSE:SQ), with 6 analysts believing it is a strong buy. Whereas 16 of them predict the stock is a hold. Also, there are 9 buy, 2 sell and 1 strong sell ratings, collectively assigning a 2.5 average brokerage recommendation [T1].