Block (NYSE:XYZ) Director Anthony Mathew Eisen Sells 6,000 Shares of Company Stock

Key Points

• Block Director Anthony Eisen sold 6,000 shares at an average price of $77.84, generating $467,040; the transaction was conducted under a pre-arranged Rule 10b5-1 plan. He retained 1,230,672 shares afterward.
• Eisen has made a series of additional 6,000-share sales throughout October, indicating repeated insider selling at prices generally ranging from about $74 to $80 per share.
• Block shares recently traded near $74.93, while analysts maintained a “Moderate Buy” consensus with an average price target of $95.61; the company’s latest quarterly results exceeded earnings expectations.

Block, Inc. (NYSE:XYZ - Get Free Report) Director Anthony Eisen sold 6,000 shares of the company's stock in a transaction on Friday, October 23rd. The stock was sold at an average price of $77.84, for a total transaction of $467,040.00. Following the transaction, the director owned 1,230,672 shares of the company's stock, valued at approximately $95,795,508.48. This represents a 0.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Anthony Mathew Eisen also recently made the following trade(s):

• On Monday, October 26th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $75.76, for a total transaction of $454,560.00.
• On Wednesday, October 21st, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $79.07, for a total transaction of $474,420.00.
• On Monday, October 19th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $78.58, for a total transaction of $471,480.00.
• On Friday, October 16th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $80.43, for a total transaction of $482,580.00.
• On Wednesday, October 14th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $75.70, for a total transaction of $454,200.00.
• On Monday, October 12th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $76.97, for a total value of $461,820.00.
• On Friday, October 9th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $75.75, for a total value of $454,500.00.
• On Wednesday, October 7th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $75.35, for a total value of $452,100.00.
• On Monday, October 5th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $74.24, for a total value of $445,440.00.
• On Friday, October 2nd, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $75.61, for a total value of $453,660.00.

Block Price Performance

Block stock traded up $0.38 during midday trading on Tuesday, reaching $74.93. 4,800,895 shares of the stock traded hands, compared to its average volume of 6,133,292. The stock has a market cap of $45.02 billion, a P/E ratio of 133.81, a PEG ratio of 0.80 and a beta of 2.55. The stock's fifty day moving average is $78.51 and its 200-day moving average is $70.95. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.26. Block, Inc. has a 12 month low of $48.21 and a 12 month high of $86.92.

Block (NYSE:XYZ - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.48 by $0.54. The business had revenue of $6.62 billion for the quarter. Block had a return on equity of 8.10% and a net margin of 1.43%. The business's revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.62 EPS. Block has set its FY 2026 guidance at 4.020-4.020 EPS and its Q3 2026 guidance at 1.020-1.020 EPS. As a group, equities research analysts anticipate that Block, Inc. will post 2.75 EPS for the current year.

Institutional Trading of Block

A number of large investors have recently modified their holdings of the company. NovaPoint Capital LLC grew its holdings in shares of Block by 3.9% during the third quarter. NovaPoint Capital LLC now owns 3,630 shares of the technology company's stock valued at $267,000 after buying an additional 137 shares during the last quarter. Raiffeisen Bank International AG increased its position in shares of Block by 0.3% in the 2nd quarter. Raiffeisen Bank International AG now owns 44,901 shares of the technology company's stock valued at $3,503,000 after acquiring an additional 148 shares during the period. Ashton Thomas Securities LLC increased its position in shares of Block by 2.8% in the 3rd quarter. Ashton Thomas Securities LLC now owns 5,885 shares of the technology company's stock valued at $433,000 after acquiring an additional 160 shares during the period. Crossmark Global Holdings Inc. raised its stake in Block by 1.5% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 11,888 shares of the technology company's stock worth $874,000 after acquiring an additional 175 shares during the last quarter. Finally, Avior Wealth Management LLC raised its stake in Block by 3.3% in the 2nd quarter. Avior Wealth Management LLC now owns 6,081 shares of the technology company's stock worth $462,000 after acquiring an additional 193 shares during the last quarter. Hedge funds and other institutional investors own 70.44% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on XYZ shares. Benchmark raised shares of Block to a "strong-buy" rating in a report on Thursday, September 10th. Rosenblatt Securities set a $100.00 price objective on Block in a research note on Tuesday, June 30th. Weiss Ratings upgraded Block from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, August 6th. Needham & Company LLC lifted their target price on Block from $95.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. Finally, Barclays assumed coverage on Block in a research report on Tuesday, July 7th. They set an "overweight" rating and a $100.00 target price on the stock. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $95.61.

Block Company Profile

Block, Inc is a financial technology company that provides payments, commerce, and financial services through an ecosystem of business and consumer products. Formerly known as Square, the company was co-founded by Jack Dorsey and Jim McKelvey and changed its corporate name to Block in 2021.

Its Square ecosystem serves businesses with point-of-sale hardware, payment processing, invoicing, payroll, inventory management, customer engagement, online commerce, and other software tools. Block also offers lending and other financial services to eligible business customers through Square-related products.

For consumers, Block operates Cash App, a mobile financial services platform that supports services such as peer-to-peer payments, money transfers, a Cash App Card, direct deposit, investing, and bitcoin transactions, subject to product and geographic availability.

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