Insider Selling: Block, Inc. (NYSE:XYZ) Insider Sells 2,800 Shares of Stock

Block, Inc. (NYSE:XYZ - Get Free Report) insider Dhananjay Prasanna sold 2,800 shares of the business's stock in a transaction on Monday, June 16th. The shares were sold at an average price of $63.51, for a total transaction of $177,828.00. Following the completion of the transaction, the insider now owns 313,151 shares in the company, valued at approximately $19,888,220.01. The trade was a 0.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• 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 Stock Up 0.9%

XYZ stock traded up $0.57 during trading on Friday, reaching $63.66. The stock had a trading volume of 6,931,546 shares, compared to its average volume of 7,035,511. Block, Inc. has a one year low of $44.27 and a one year high of $99.26. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.27 and a quick ratio of 2.27. The stock has a 50 day moving average price of $58.20. The stock has a market cap of $39.15 billion, a P/E ratio of 15.49, a price-to-earnings-growth ratio of 2.31 and a beta of 2.75.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on XYZ. The Goldman Sachs Group dropped their target price on shares of Block from $65.00 to $57.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Piper Sandler lowered shares of Block from an "overweight" rating to a "neutral" rating and dropped their target price for the company from $85.00 to $51.00 in a report on Friday, May 2nd. Raymond James Financial set a $79.00 price target on shares of Block and gave the company an "outperform" rating in a research note on Monday, June 2nd. Macquarie downgraded shares of Block from an "outperform" rating to a "neutral" rating and set a $50.00 price target for the company. in a research note on Monday, May 5th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Block from $80.00 to $70.00 and set an "outperform" rating for the company in a research note on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $76.22.

About Block

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.