Square, Inc. CEO Jack Dorsey Sells 50,000 Shares Of Stock For 2.24M

Square, Inc. (NYSE:SQ) CEO Jack Dorsey sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $40.48, for a total value of $2,024,000.00. The transaction was disclosed in a document filed with the SEC.Jack-dorsey-square-ceo-twitter-ceo
Shares of Square, Inc. traded down $1.00 during trading on Friday, hitting $38.22. The stock had a trading volume of 25,386,063 shares, compared to its average volume of 26,546,566. 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, Inc. has a twelve month low of $12.93 and a twelve month high of $49.56.
Square (NYSE:SQ) last announced its quarterly earnings data on Wednesday, November 8th. The technology company reported $0.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.02. The business had revenue of $257.12 million during 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%. The company’s revenue was up 44.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.01 earnings per share. equities analysts anticipate that Square, Inc. will post -0.16 earnings per share for the current fiscal year.

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.

Written By: Tommy Lightfoot Garrett
Photographs are Courtesy:  AP; Square
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