Block, Inc. (NYSE:XYZ) Insider Dhananjay Prasanna Sells 2,400 Shares

Block, Inc. (NYSE:XYZ - Get Free Report) insider Dhananjay Prasanna sold 2,400 shares of the business's stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $67.24, for a total value of $161,376.00. Following the transaction, the insider owned 310,751 shares of the company's stock, valued at approximately $20,894,897.24. This represents a 0.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Dhananjay Prasanna also recently made the following trade(s):

• On Wednesday, July 2nd, Dhananjay Prasanna sold 800 shares of Block stock. The shares were sold at an average price of $70.00, for a total value of $56,000.00.
• On Tuesday, July 1st, Dhananjay Prasanna sold 2,800 shares of Block stock. The stock was sold at an average price of $67.74, for a total value of $189,672.00.
• On Monday, June 16th, Dhananjay Prasanna sold 2,800 shares of Block stock. The stock was sold at an average price of $63.51, for a total value of $177,828.00.
• On Monday, June 2nd, Dhananjay Prasanna sold 2,800 shares of Block stock. The shares were sold at an average price of $60.56, for a total value of $169,568.00.
• On Tuesday, May 27th, Dhananjay Prasanna sold 11,318 shares of Block stock. The stock was sold at an average price of $61.41, for a total value of $695,038.38.

Block Stock Performance

Shares of NYSE:XYZ traded up $0.01 during midday trading on Friday, hitting $69.23. The company's stock had a trading volume of 4,369,301 shares, compared to its average volume of 6,576,449. The company has a quick ratio of 2.27, a current ratio of 2.27 and a debt-to-equity ratio of 0.24. The stock's 50 day moving average is $60.39. The firm has a market capitalization of $42.58 billion, a PE ratio of 16.84, a price-to-earnings-growth ratio of 2.09 and a beta of 2.74. Block, Inc. has a fifty-two week low of $44.27 and a fifty-two week high of $99.26.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on XYZ shares. Barclays lifted their target price on Block from $57.00 to $75.00 and gave the stock an "overweight" rating in a report on Monday, June 9th. BMO Capital Markets reaffirmed a "market perform" rating and issued a $58.00 price objective (down previously from $80.00) on shares of Block in a research note on Friday, May 2nd. Needham & Company LLC cut their target price on shares of Block from $90.00 to $60.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Seaport Res Ptn cut shares of Block from a "strong-buy" rating to a "hold" rating in a report on Friday, May 2nd. Finally, Bank of America decreased their price target on shares of Block from $94.00 to $80.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $74.19.

About Block

Square, Inc provides payment and point-of-sale solutions in the United States and internationally. The company's commerce ecosystem includes point-of-sale software and hardware that enables sellers to turn mobile and computing devices into payment and point-of-sale solutions. It offers hardware products, including Magstripe reader, which enables swiped transactions of magnetic stripe cards; Contactless and chip reader that accepts EMV® chip cards and Near Field Communication payments; Chip card reader, which accepts EMV® chip cards and enables swiped transactions of magnetic stripe cards; Square Stand, which enables an iPad to be used as a payment terminal or full point of sale solution; and Square Register that combines its hardware, point-of-sale software, and payments technology, as well as managed payments solutions.