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

Key Points

• Block director Anthony Mathew Eisen sold 6,000 shares at an average price of $81.48, generating $488,880. The transaction was made under a pre-arranged Rule 10b5-1 plan and reduced his ownership by 0.40%.
• Eisen has made a series of insider sales recently, including multiple 6,000-share transactions and a 41,000-share sale on August 5.
• Block shares recently traded at $81.38, while the company reported quarterly EPS of $1.02—well above the $0.48 analyst consensus—and revenue growth of 9.3% year over year. Analysts maintain a “Moderate Buy” consensus with an average price target of $95.23.

Block, Inc. (NYSE:XYZ - Get Free Report) Director Anthony Mathew Eisen sold 6,000 shares of the firm's stock in a transaction on Monday, August 24th. The stock was sold at an average price of $81.48, for a total transaction of $488,880.00. Following the transaction, the director directly owned 1,488,672 shares in the company, valued at $121,296,994.56. The trade was a 0.40% decrease in their ownership of the stock. 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 Friday, August 21st, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $80.04, for a total transaction of $480,240.00.
• On Wednesday, August 19th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $79.55, for a total value of $477,300.00.
• On Monday, August 17th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $81.63, for a total value of $489,780.00.
• On Friday, August 14th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $82.87, for a total value of $497,220.00.
• On Wednesday, August 12th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $78.62, for a total value of $471,720.00.
• On Monday, August 10th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $78.47, for a total value of $470,820.00.
• On Thursday, August 6th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $83.07, for a total value of $498,420.00.
• On Wednesday, August 5th, Anthony Mathew Eisen sold 41,000 shares of Block stock. The shares were sold at an average price of $85.85, for a total transaction of $3,519,850.00.
• On Monday, August 3rd, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $81.52, for a total transaction of $489,120.00.
• On Friday, July 31st, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $82.27, for a total transaction of $493,620.00.

Block Stock Performance

Shares of Block stock traded down $0.79 on Monday, reaching $81.38. 4,068,129 shares of the stock were exchanged, compared to its average volume of 4,955,299. Block, Inc. has a 1-year low of $48.21 and a 1-year high of $86.75. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26. The business has a fifty day moving average price of $78.89 and a two-hundred day moving average price of $69.40. The firm has a market capitalization of $48.89 billion, a PE ratio of 145.31, a PEG ratio of 0.92 and a beta of 2.53.

Block (NYSE:XYZ - Get Free Report) last announced 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. Block had a net margin of 1.43% and a return on equity of 8.10%. The firm had revenue of $6.62 billion during the quarter. During the same quarter in the previous year, the business earned $0.62 EPS. Block'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. As a group, research analysts anticipate that Block, Inc. will post 2.69 earnings per share for the current fiscal year.

Institutional Trading of Block

A number of institutional investors have recently bought and sold shares of the company. Baird Financial Group Inc. acquired a new stake in Block in the second quarter valued at $1,866,000. Brown Advisory Inc. purchased a new stake in shares of Block in the 2nd quarter worth about $516,000. Jump Financial LLC purchased a new stake in shares of Block in the 2nd quarter worth about $385,000. Federated Hermes Inc. acquired a new stake in Block in the 2nd quarter valued at about $53,000. Finally, Cerity Partners LLC acquired a new stake in shares of Block in the second quarter valued at approximately $1,861,000. 70.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Citigroup upped their price objective on Block from $100.00 to $115.00 and gave the stock a "buy" rating in a report on Thursday, July 16th. Craig Hallum initiated coverage on shares of Block in a research report on Tuesday, June 30th. They set a "buy" rating on the stock. BMO Capital Markets boosted their target price on shares of Block from $78.00 to $85.00 and gave the stock a "market perform" rating in a research report on Wednesday, July 22nd. Barclays began coverage on shares of Block in a research note on Tuesday, July 7th. They set an "overweight" rating and a $100.00 price target on the stock. Finally, Morgan Stanley reissued an "overweight" rating on shares of Block in a report on Wednesday, August 5th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, Block currently has an average rating of "Moderate Buy" and an average target price of $95.23.

Block Company Profile

Block NYSE: XYZ is a financial technology company that builds products and services to facilitate electronic payments, commerce, and consumer finance. Its principal business lines include a seller-focused ecosystem that provides point-of-sale hardware and software, payment processing, invoicing, payroll and lending services, and a consumer-facing platform that offers peer-to-peer payments, banking-like features, and investing. Block's portfolio also encompasses music streaming and buy-now-pay-later capabilities through businesses acquired to broaden its reach beyond core payments.

The company was founded as Square in 2009 by Jack Dorsey and Jim McKelvey and later rebranded to Block to reflect a diversified set of businesses across payments, consumer finance, and emerging technologies.

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