Lateral Capital Management, Inc.

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Square Insiders Disagree with Market Rally

Square Inc (NYSE:SQ) has appreciated over 70% since its June 2016 lows.  During that bull run, company insiders have been materially reducing their ownership stake in the company.  

Most notably, SQ's CEO & Founder Jack Dorsey has divested his entire ownership interest.

At 3x sales, 55x cashflow from operations and 145x forward earnings, SQ appears to have got caught up in the post-election euphoria for financial institution & fintech stocks.