Dhananjay Prasanna Sells 2,800 Shares of Block, Inc. (NYSE:XYZ) Stock

Block, Inc. (NYSE:XYZ - Get Free Report) insider Dhananjay Prasanna sold 2,800 shares of the firm's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $60.56, for a total value of $169,568.00. Following the sale, the insider now owns 315,951 shares in the company, valued at $19,133,992.56. This trade represents a 0.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Tuesday, May 27th, Dhananjay Prasanna sold 11,318 shares of Block stock. The shares were sold at an average price of $61.41, for a total value of $695,038.38.

Block Price Performance

XYZ traded up $1.44 on Friday, reaching $65.04. The company's stock had a trading volume of 7,815,846 shares, compared to its average volume of 9,438,597. Block, Inc. has a 1 year low of $44.27 and a 1 year high of $99.26. The firm has a 50 day moving average of $56.03. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.07 and a current ratio of 2.07. The firm has a market cap of $40.00 billion, a PE ratio of 14.29, a price-to-earnings-growth ratio of 0.72 and a beta of 2.75.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on XYZ shares. Wolfe Research set a $75.00 target price on shares of Block in a report on Monday, May 19th. Sanford C. Bernstein set a $100.00 price objective on shares of Block in a research note on Saturday, March 8th. Wells Fargo & Company lowered Block from an "overweight" rating to an "equal weight" rating and cut their target price for the stock from $95.00 to $50.00 in a research report on Friday, May 2nd. Royal Bank of Canada reduced their target price on Block from $86.00 to $63.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Finally, Needham & Company LLC cut their price objective on Block from $90.00 to $60.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $75.66.

Block Company Profile

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.