Insider Selling: Block (NYSE:XYZ) Director Sells 6,000 Shares of Company Stock

Key Points

• Block director Anthony Eisen sold 6,000 shares at an average price of $80.43, generating $482,580. The transaction occurred under a pre-arranged Rule 10b5-1 trading plan, leaving him with 1,260,672 shares.
• Eisen has made a series of similar 6,000-share sales since late September, including sales on October 19 and October 14, indicating a recurring pattern of insider selling.
• Block shares recently traded at $77.48, while analysts maintained a generally positive outlook with a “Moderate Buy” consensus rating and an average price target of $95.39.

Block, Inc. (NYSE:XYZ - Get Free Report) Director Anthony Eisen sold 6,000 shares of the business's stock in a transaction that occurred on Friday, October 16th. The stock was sold at an average price of $80.43, for a total value of $482,580.00. Following the sale, the director directly owned 1,260,672 shares of the company's stock, valued at $101,395,848.96. This represents a 0.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at 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 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 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 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 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 shares were sold at an average price of $74.24, for a total transaction of $445,440.00.
• On Friday, October 2nd, Anthony Eisen sold 6,000 shares of Block stock. The shares were 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 stock was 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 stock was sold at an average price of $75.20, for a total transaction of $451,200.00.
• On Friday, September 25th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $76.90, for a total transaction of $461,400.00.

Block Price Performance

XYZ traded down $0.41 during trading on Monday, reaching $77.48. 3,612,157 shares of the company were exchanged, compared to its average volume of 6,188,326. Block, Inc. has a 12-month low of $48.21 and a 12-month high of $86.92. The company has a market cap of $46.55 billion, a price-to-earnings ratio of 138.35, a P/E/G ratio of 0.81 and a beta of 2.55. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.26. The company's 50-day moving average is $78.77 and its two-hundred day moving average is $75.00.

Block (NYSE:XYZ - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The technology company reported $1.02 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.54. The company had revenue of $6.62 billion during the quarter. Block had a net margin of 1.43% and a return on equity of 8.10%. Block's revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.62 earnings per share. Block has set its FY 2026 guidance at 4.020-4.020 EPS and its Q3 2026 guidance at 1.020-1.020 EPS. Research analysts forecast that Block, Inc. will post 2.74 earnings per share for the current fiscal year.

Institutional Trading of Block

Large investors have recently modified their holdings of the company. BlackRock Inc. purchased a new stake in Block in the second quarter worth about $621,703,000. Hyperion Asset Management Ltd boosted its position in shares of Block by 6.9% during the 2nd quarter. Hyperion Asset Management Ltd now owns 2,682,854 shares of the technology company's stock valued at $203,897,000 after acquiring an additional 172,848 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Block by 528.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,309,296 shares of the technology company's stock valued at $199,153,000 after purchasing an additional 2,782,523 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Block by 1.3% during the first quarter. Dimensional Fund Advisors LP now owns 3,147,988 shares of the technology company's stock valued at $189,353,000 after purchasing an additional 39,112 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in Block by 1.0% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,624,534 shares of the technology company's stock valued at $157,944,000 after purchasing an additional 25,067 shares during the last quarter. Institutional investors own 70.44% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Robert W. Baird raised their price target on Block from $105.00 to $106.00 and gave the company an "outperform" rating in a research report on Friday, October 2nd. Canaccord Genuity Group boosted their price objective on shares of Block from $85.00 to $100.00 and gave the company a "buy" rating in a research report on Thursday, August 13th. Craig Hallum initiated coverage on Block in a research note on Tuesday, June 30th. They issued a "buy" rating for the company. Piper Sandler raised their price objective on shares of Block from $100.00 to $105.00 and gave the stock an "overweight" rating in a report on Thursday, August 6th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Block to a "buy" rating in a report on Tuesday, June 30th. Four research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $95.39.

About Block

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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