Brian Grassadonia Sells 1,342 Shares of Block, Inc. (NYSE:XYZ) Stock

Block, Inc. (NYSE:XYZ - Get Free Report) insider Brian Grassadonia sold 1,342 shares of the business's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $69.26, for a total value of $92,946.92. Following the transaction, the insider owned 590,287 shares in the company, valued at approximately $40,883,277.62. This trade represents a 0.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Brian Grassadonia also recently made the following trade(s):

• On Wednesday, May 21st, Brian Grassadonia sold 6,494 shares of Block stock. The stock was sold at an average price of $56.39, for a total transaction of $366,196.66.

Block Price Performance

Shares of XYZ traded up $0.21 during mid-day trading on Monday, reaching $69.44. The stock had a trading volume of 7,539,437 shares, compared to its average volume of 9,026,889. Block, Inc. has a 52-week low of $44.27 and a 52-week high of $99.26. The stock has a market capitalization of $42.71 billion, a price-to-earnings ratio of 16.90, a price-to-earnings-growth ratio of 2.09 and a beta of 2.74. The company has a fifty day moving average of $60.61. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.27 and a current ratio of 2.27.

Analyst Ratings Changes

Several equities analysts have recently weighed in on XYZ shares. BNP Paribas raised shares of Block from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 27th. Wolfe Research set a $75.00 price objective on Block in a report on Monday, May 19th. KGI Securities upgraded Block to a "hold" rating in a research report on Friday, May 9th. Needham & Company LLC dropped their price target on shares of Block from $90.00 to $60.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Finally, Jefferies Financial Group boosted their price target on shares of Block from $60.00 to $70.00 and gave the stock a "buy" rating in a report on Tuesday, May 27th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target 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.

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