Block, Inc. (NYSE:XYZ - Get Free Report) insider Brian Grassadonia sold 35,145 shares of the company's stock in a transaction that occurred on Wednesday, October 8th. The stock was sold at an average price of $80.00, for a total value of $2,811,600.00. Following the transaction, the insider owned 535,896 shares of the company's stock, valued at approximately $42,871,680. This trade represents a 6.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Brian Grassadonia also recently made the following trade(s):
- On Friday, October 3rd, Brian Grassadonia sold 1,679 shares of Block stock. The stock was sold at an average price of $76.69, for a total transaction of $128,762.51.
- On Thursday, October 2nd, Brian Grassadonia sold 1,342 shares of Block stock. The shares were sold at an average price of $74.77, for a total transaction of $100,341.34.
- On Tuesday, September 2nd, Brian Grassadonia sold 9,760 shares of Block stock. The stock was sold at an average price of $76.24, for a total transaction of $744,102.40.
- On Thursday, August 21st, Brian Grassadonia sold 6,465 shares of Block stock. The stock was sold at an average price of $73.20, for a total transaction of $473,238.00.
Block Stock Performance
Shares of XYZ traded down $6.05 during trading hours on Friday, reaching $74.80. 8,776,193 shares of the company traded hands, compared to its average volume of 9,323,376. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.96 and a current ratio of 1.96. The stock's fifty day moving average is $76.23 and its 200 day moving average is $66.72. Block, Inc. has a 1-year low of $44.27 and a 1-year high of $99.26. The stock has a market cap of $45.60 billion, a P/E ratio of 16.02, a price-to-earnings-growth ratio of 3.28 and a beta of 2.71.
Block (NYSE:XYZ - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The technology company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.41. The firm had revenue of $6.05 billion for the quarter, compared to analyst estimates of $6.32 billion. Block had a return on equity of 7.85% and a net margin of 12.32%.Block's quarterly revenue was down 1.6% compared to the same quarter last year. Equities research analysts anticipate that Block, Inc. will post 2.54 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Block
Several institutional investors have recently added to or reduced their stakes in the stock. S Bank Fund Management Ltd bought a new position in Block during the 2nd quarter worth about $92,000. Praxis Investment Management Inc. acquired a new position in shares of Block during the second quarter worth about $508,000. Nordea Investment Management AB bought a new position in shares of Block during the second quarter worth about $3,105,000. SilverOak Wealth Management LLC acquired a new stake in Block in the 2nd quarter valued at approximately $218,000. Finally, Private Trust Co. NA bought a new stake in Block in the 2nd quarter valued at approximately $94,000. 70.44% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on XYZ shares. Sanford C. Bernstein lifted their price target on shares of Block from $75.00 to $90.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 22nd. Keefe, Bruyette & Woods lifted their target price on shares of Block from $80.00 to $95.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. Truist Financial increased their price target on Block from $65.00 to $70.00 and gave the stock a "sell" rating in a research report on Thursday, August 21st. Raymond James Financial restated an "outperform" rating and set a $95.00 price target (up from $79.00) on shares of Block in a research report on Friday, August 8th. Finally, Cowen restated a "buy" rating on shares of Block in a research report on Friday, August 8th. Twenty-four equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $80.64.
View Our Latest Research Report on XYZ
Block Company Profile
(
Get Free Report)
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.
Read More

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Block, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Block wasn't on the list.
While Block currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Unlock the timeless value of gold with our exclusive 2025 Gold Forecasting Report. Explore why gold remains the ultimate investment for safeguarding wealth against inflation, economic shifts, and global uncertainties. Whether you're planning for future generations or seeking a reliable asset in turbulent times, this report is your essential guide to making informed decisions.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.