Dhananjay Prasanna Sells 2,800 Shares of Block, Inc. (NYSE:XYZ) Stock

Block, Inc. (NYSE:XYZ - Get Free Report) insider Dhananjay Prasanna sold 2,800 shares of the company's stock in a transaction dated 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. This trade represents a 0.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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 Price Performance

NYSE XYZ traded down $0.21 during mid-day trading on Wednesday, reaching $63.11. 8,336,403 shares of the stock were exchanged, compared to its average volume of 9,269,482. Block, Inc. has a one year low of $44.27 and a one year high of $99.26. The company has a 50 day moving average of $57.66. The stock has a market cap of $38.81 billion, a PE ratio of 15.36, a P/E/G ratio of 2.38 and a beta of 2.75. 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 Analyst Weigh In

A number of research analysts have issued reports on the stock. KeyCorp decreased their target price on shares of Block from $65.00 to $60.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. BNP Paribas upgraded shares of Block from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 27th. Barclays increased their target price on shares of Block from $57.00 to $75.00 and gave the stock an "overweight" rating in a research report on Monday, June 9th. Truist Financial set a $61.00 target price on shares of Block in a research report on Tuesday, June 3rd. Finally, Needham & Company LLC decreased their target price on shares of Block from $90.00 to $60.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Block has a consensus rating of "Moderate Buy" and a consensus 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.

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