Dhananjay Prasanna Sells 800 Shares of Block, Inc. (NYSE:XYZ) Stock

Block, Inc. (NYSE:XYZ - Get Free Report) insider Dhananjay Prasanna sold 800 shares of the company's stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $70.00, for a total value of $56,000.00. Following the transaction, the insider directly owned 307,151 shares in the company, valued at $21,500,570. The trade was a 0.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Dhananjay Prasanna also recently made the following trade(s):

• On Tuesday, July 1st, Dhananjay Prasanna sold 2,800 shares of Block stock. The shares were sold at an average price of $67.74, for a total transaction of $189,672.00.
• On Monday, June 30th, Dhananjay Prasanna sold 2,400 shares of Block stock. The stock was sold at an average price of $67.24, for a total transaction of $161,376.00.
• On Monday, June 16th, Dhananjay Prasanna sold 2,800 shares of Block stock. The shares were sold at an average price of $63.51, for a total transaction of $177,828.00.
• On Monday, June 2nd, Dhananjay Prasanna sold 2,800 shares of Block stock. The stock was sold at an average price of $60.56, for a total transaction of $169,568.00.
• On Tuesday, May 27th, Dhananjay Prasanna sold 11,318 shares of Block stock. The shares were sold at an average price of $61.41, for a total value of $695,038.38.

Block Price Performance

Shares of NYSE XYZ traded down $0.28 during mid-day trading on Thursday, hitting $68.94. The company had a trading volume of 2,690,219 shares, compared to its average volume of 9,023,188. Block, Inc. has a 12 month low of $44.27 and a 12 month high of $99.26. The company has a market cap of $42.40 billion, a price-to-earnings ratio of 16.77, a P/E/G ratio of 2.06 and a beta of 2.74. The firm's 50-day moving average price is $60.15. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.27 and a current ratio of 2.27.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on XYZ shares. Seaport Res Ptn downgraded Block from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 2nd. Wells Fargo & Company downgraded Block from an "overweight" rating to an "equal weight" rating and dropped their price objective for the stock from $95.00 to $50.00 in a report on Friday, May 2nd. Sanford C. Bernstein set a $100.00 target price on shares of Block in a research note on Saturday, March 8th. Keefe, Bruyette & Woods decreased their target price on shares of Block from $80.00 to $70.00 and set an "outperform" rating for the company in a research report on Monday, May 5th. Finally, BNP Paribas Exane upgraded shares of Block from a "neutral" rating to an "outperform" rating and set a $72.00 price target on the stock in a research note on Tuesday, May 27th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $74.19.

Block Company Profile

Square, Inc provides payment and point-of-sale solutions in the United States and internationally. The company's commerce ecosystem includes point-of-sale software and hardware that enables sellers to turn mobile and computing devices into payment and point-of-sale solutions. It offers hardware products, including Magstripe reader, which enables swiped transactions of magnetic stripe cards; Contactless and chip reader that accepts EMV® chip cards and Near Field Communication payments; Chip card reader, which accepts EMV® chip cards and enables swiped transactions of magnetic stripe cards; Square Stand, which enables an iPad to be used as a payment terminal or full point of sale solution; and Square Register that combines its hardware, point-of-sale software, and payments technology, as well as managed payments solutions.