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

Key Points

• Block director Anthony Eisen sold 6,000 shares on October 21 at an average price of $79.07, generating $474,420. The Rule 10b5-1 transaction reduced his holdings by 0.48%, leaving him with 1,242,672 shares.
• Eisen has conducted a series of identical 6,000-share sales nearly every few days since September 28, totaling more than $4.6 million in reported proceeds.
• Block shares recently traded near $78.98, while analysts maintained a generally positive outlook with a “Moderate Buy” consensus and an average price target of $96.06. The company also reported quarterly revenue growth of 9.3% year over year and earnings well above estimates.

Block, Inc. (NYSE:XYZ - Get Free Report) Director Anthony Eisen sold 6,000 shares of the business's stock in a transaction dated Wednesday, October 21st. The stock was sold at an average price of $79.07, for a total value of $474,420.00. Following the completion of the transaction, the director owned 1,242,672 shares in the company, valued at approximately $98,258,075.04. This trade represents a 0.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 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 19th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $78.58, for a total value of $471,480.00.
• On Friday, October 16th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $80.43, for a total value of $482,580.00.
• On Wednesday, October 14th, Anthony Eisen sold 6,000 shares of Block stock. The stock was 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 stock was sold at an average price of $76.97, for a total transaction of $461,820.00.
• On Friday, October 9th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $75.75, for a total transaction 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.
• On Wednesday, September 30th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $74.33, for a total value of $445,980.00.
• On Monday, September 28th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $75.20, for a total value of $451,200.00.

Block Stock Performance

Shares of XYZ stock traded up $0.77 on Thursday, hitting $78.98. 3,838,502 shares of the stock traded hands, compared to its average volume of 6,149,203. The company's fifty day moving average is $78.72 and its 200 day moving average is $75.39. Block, Inc. has a 1-year low of $48.21 and a 1-year high of $86.92. The company has a market capitalization of $47.45 billion, a PE ratio of 141.03, a PEG ratio of 0.81 and a beta of 2.55. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.21 and a quick ratio of 2.21.

Block (NYSE:XYZ - Get Free Report) last issued its earnings results on Wednesday, August 5th. The technology company reported $1.02 earnings per share for the quarter, topping analysts' consensus estimates of $0.48 by $0.54. Block had a net margin of 1.43% and a return on equity of 8.10%. The company had revenue of $6.62 billion for the quarter. During the same period last year, the company posted $0.62 earnings per share. The firm's revenue for the quarter was up 9.3% on a year-over-year basis. Block has set its FY 2026 guidance at 4.020-4.020 EPS and its Q3 2026 guidance at 1.020-1.020 EPS. On average, equities research analysts predict that Block, Inc. will post 2.75 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Block

Large investors have recently made changes to their positions in the company. NovaPoint Capital LLC boosted its position 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 worth $267,000 after buying an additional 137 shares during the period. Raiffeisen Bank International AG increased its position in 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. Crossmark Global Holdings Inc. raised its stake in Block by 1.5% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 11,888 shares of the technology company's stock valued at $874,000 after acquiring an additional 175 shares in the last quarter. Avior Wealth Management LLC raised its stake in Block by 3.3% during the 2nd quarter. Avior Wealth Management LLC now owns 6,081 shares of the technology company's stock valued at $462,000 after acquiring an additional 193 shares in the last quarter. Finally, Carson Advisory Inc. raised its stake in Block by 2.6% during the 1st quarter. Carson Advisory Inc. now owns 8,035 shares of the technology company's stock valued at $484,000 after acquiring an additional 200 shares in the last quarter. Institutional investors and hedge funds own 70.44% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on XYZ. Zacks Research cut shares of Block from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 30th. Keefe, Bruyette & Woods upped their target price on Block from $90.00 to $100.00 and gave the company an "outperform" rating in a report on Thursday, August 6th. BTIG Research reiterated a "buy" rating and set a $100.00 price target on shares of Block in a research report on Friday, September 25th. Robert W. Baird raised their price target on Block from $105.00 to $106.00 and gave the stock an "outperform" rating in a report on Friday, October 2nd. Finally, Benchmark upgraded Block to a "strong-buy" rating in a research report on Thursday, September 10th. Three analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $96.06.

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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