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

Key Points

• Block director Anthony Eisen sold 6,000 shares at an average price of $75.35, generating $452,100. The transaction was conducted under a pre-arranged Rule 10b5-1 plan, leaving him with 1,302,672 shares.
• Eisen has made a series of similar 6,000-share sales since mid-September, while Block’s stock recently traded at $77.34. The shares have ranged from $48.21 to $86.92 over the past year.
• Block reported stronger-than-expected quarterly earnings of $1.02 per share on $6.62 billion in revenue, up 9.3% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $95.45.

Block, Inc. (NYSE:XYZ - Get Free Report) Director Anthony Eisen sold 6,000 shares of the stock in a transaction that occurred on Wednesday, October 7th. The shares were sold at an average price of $75.35, for a total value of $452,100.00. Following the completion of the sale, the director directly owned 1,302,672 shares of the company's stock, valued at approximately $98,156,335.20. The trade was a 0.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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, 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 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 transaction 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 transaction 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 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.
• On Wednesday, September 23rd, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $76.67, for a total value of $460,020.00.
• On Monday, September 21st, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $77.54, for a total value of $465,240.00.
• On Friday, September 18th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $76.55, for a total value of $459,300.00.
• On Wednesday, September 16th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $78.36, for a total value of $470,160.00.

Block Stock Performance

Shares of XYZ traded up $2.11 during mid-day trading on Friday, reaching $77.34. The company's stock had a trading volume of 5,232,356 shares, compared to its average volume of 6,232,754. Block, Inc. has a 1-year low of $48.21 and a 1-year high of $86.92. The stock has a market cap of $46.46 billion, a P/E ratio of 138.11, a PEG ratio of 0.80 and a beta of 2.55. The business has a 50-day simple moving average of $79.29 and a two-hundred day simple moving average of $74.22. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26.

Block (NYSE:XYZ - Get Free Report) last posted 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 return on equity of 8.10% and a net margin of 1.43%.The business had revenue of $6.62 billion for the quarter. During the same period in the previous year, the firm posted $0.62 earnings per share. The firm's revenue was up 9.3% compared to the same quarter last year. 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 2.74 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Block

A number of institutional investors have recently modified their holdings of XYZ. GK Wealth Management LLC acquired a new position in shares of Block in the third quarter valued at about $112,000. Wedmont Private Capital raised its stake in Block by 12.4% in the 3rd quarter. Wedmont Private Capital now owns 9,564 shares of the technology company's stock worth $720,000 after purchasing an additional 1,058 shares in the last quarter. GAMMA Investing LLC raised its stake in Block by 9.7% in the 3rd quarter. GAMMA Investing LLC now owns 13,846 shares of the technology company's stock worth $1,018,000 after purchasing an additional 1,228 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in Block by 40.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 12,032 shares of the technology company's stock valued at $885,000 after purchasing an additional 3,453 shares during the period. Finally, CoreCap Advisors LLC boosted its holdings in Block by 44.4% in the 3rd quarter. CoreCap Advisors LLC now owns 1,626 shares of the technology company's stock valued at $120,000 after purchasing an additional 500 shares during the period. Institutional investors own 70.44% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Citigroup increased their price objective on shares of Block from $100.00 to $115.00 and gave the company a "buy" rating in a research report on Thursday, July 16th. Scotiabank initiated coverage on shares of Block in a report on Wednesday, September 2nd. They set a "sector perform" rating and a $82.00 target price for the company. Weiss Ratings upgraded shares of Block from a "hold (c-)" rating to a "hold (c)" rating in a research note on Thursday, August 6th. TD Cowen increased their price target on shares of Block from $101.00 to $105.00 and gave the company a "buy" rating in a report on Thursday, August 6th. Finally, BMO Capital Markets raised their price objective 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. 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's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $95.45.

About Block

Block, Inc NYSE: XYZ, formerly known as Square, is a financial technology company that develops tools for businesses, consumers and creators. Founded in 2009 by Jack Dorsey and Jim McKelvey, the company changed its corporate name to Block in 2021 to reflect the expansion of its operations beyond its original seller-payments business.

Block's Square ecosystem provides payment processing, point-of-sale hardware and software, business banking, invoicing, payroll, inventory management and other services for merchants.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.