Square, Inc. (SQ) Files Form 4 Insider Selling : James Morgan Jr. Mckelvey Sells 400,000 Shares

Square, Inc. (SQ): James Morgan Jr. Mckelvey , director 10% owner of Square, Inc. sold 400,000 shares on Sep 12, 2016. The Insider selling transaction was reported by the company on Sep 14, 2016 to the Securities and Exchange Commission. The shares were sold at $11.25 per share for a total value of $4,507,842.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 6, 2016, Francoise Brougher (Business Lead) sold 57,693 shares at $12.12 per share price.On Aug 25, 2016, Dana Wagner (Gen. Counsel & Corp. Secretary) sold 50,000 shares at $12.27 per share price.Also, On Aug 25, 2016, Lawrence Henry Summers (director) sold 23,125 shares at $12.50 per share price.On Aug 17, 2016, James Morgan Jr. Mckelvey (director 10% owner) sold 400,000 shares at $11.49 per share price.

Company has been under the radar of several Street Analysts.Square Inc is Upgraded by Stifel to Buy and the brokerage firm has set the Price Target at $15. Earlier the firm had a rating of Hold on the company shares. The Rating was issued on Aug 23, 2016.Square Inc is Reiterated by Canaccord Genuity to Hold and the brokerage firm has raised the Price Target to $ 14 from a previous price target of $13 .The Rating was issued on Aug 4, 2016.Square Inc is Reiterated by Wedbush to Neutral and the brokerage firm has raised the Price Target to $ 10 from a previous price target of $8 .The Rating was issued on Aug 4, 2016.Square Inc is Reiterated by Compass Point to Buy and the brokerage firm has raised the Price Target to $ 14 from a previous price target of $13 .The Rating was issued on Aug 4, 2016.Square Inc is Initiated by Evercore ISI to Hold. The Rating was issued on Jun 22, 2016.

Square Inc. (Square) provides financial services and marketing services. The Company also provides payments and point-of-sale (POS) which include hardware and software to accept payments streamline operations and analyze business information. The Company’s payments and POS services include In-Person Payments Online Payments Square Cash Square Register Square Analytics Square Appointments and Square App Marketplace. The Company’s financial services include Square Capital and Square Payroll. The Company’s marketing services include Square Customer Engagement and Caviar. The Company’s mobile payments and POS services transform the checkout process and advance digital and mobile commerce by untethering sales from long lines and antiquated cash registers. The Company provides sellers a range of options for accepting payments in-person or online. The Company acts as the merchant of record for its sellers.

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