Its hard to judge depth from this angle but I think its in the ball park at least.
That is a pretty back dominant squat. Going down, the torso lean is somewhat moderate, but as you ascend out of the hole, your knees and hips shoot backwards and your hips shoot up.
You see this to some degree even in very high level PLers that rely relatively heavy on technique for making lifts like Mike T. This is your body automatically finding its strongest point. But whats happening to you for whats light weight, it is a bit much.
You keep your back arched/flat so I don't think your going to hurt your self, but I think your leaving pounds on the table by not developing your quads more.
Also while you work on your quads, you'll probably want to really hammer down the new form with lighter weights and try to keep moving on up in weight as you are able to while maintaining the new form.