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

Block, Inc. (NYSE:XYZ - Get Free Report) insider Dhananjay Prasanna sold 800 shares of the stock in a transaction dated Thursday, July 17th. The stock was sold at an average price of $70.00, for a total transaction of $56,000.00. Following the completion of the transaction, the insider directly owned 303,551 shares of the company's stock, valued at approximately $21,248,570. The trade was a 0.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, July 15th, Dhananjay Prasanna sold 2,800 shares of Block stock. The shares were sold at an average price of $68.06, for a total transaction of $190,568.00.
• On Wednesday, July 2nd, Dhananjay Prasanna sold 800 shares of Block stock. The shares were sold at an average price of $70.00, for a total transaction of $56,000.00.
• 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 shares were 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 shares were 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 transaction of $695,038.38.

Block Trading Up 3.0%

Shares of NYSE XYZ traded up $2.13 during midday trading on Friday, reaching $72.86. The company had a trading volume of 9,998,561 shares, compared to its average volume of 6,723,241. The company's 50-day moving average is $63.88. The company has a market cap of $44.81 billion, a PE ratio of 17.73, a P/E/G ratio of 1.80 and a beta of 2.74. Block, Inc. has a 1 year low of $44.27 and a 1 year high of $99.26. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.27 and a current ratio of 2.27.

Analysts Set New Price Targets

XYZ has been the subject of several recent analyst reports. Oppenheimer upped their target price on shares of Block from $70.00 to $71.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. Evercore ISI increased their price objective on shares of Block from $75.00 to $85.00 and gave the company an "outperform" rating in a report on Thursday. Bank of America dropped their price objective on shares of Block from $94.00 to $80.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Wolfe Research set a $75.00 target price on shares of Block in a research report on Monday, May 19th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Block from $70.00 to $80.00 and gave the company an "outperform" rating in a research report on Wednesday, July 9th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Block has an average rating of "Moderate Buy" and an average target price of $74.63.

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.