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 that occurred 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 completion of the sale, the insider now owns 315,951 shares of the company's stock, valued at $19,133,992.56. This represents a 0.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

• 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 transaction of $695,038.38.

Block Price Performance

Shares of Block stock traded up $0.99 during trading hours on Friday, reaching $64.59. The company's stock had a trading volume of 3,423,539 shares, compared to its average volume of 9,395,142. The business's 50 day simple moving average is $55.84. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.07 and a current ratio of 2.07. Block, Inc. has a one year low of $44.27 and a one year high of $99.26. The stock has a market cap of $39.72 billion, a PE ratio of 14.20, a P/E/G ratio of 0.72 and a beta of 2.83.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on XYZ shares. Argus set a $59.00 price objective on Block in a report on Monday, May 5th. Seaport Res Ptn cut Block from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 2nd. Bank of America reduced their price objective on shares of Block from $94.00 to $80.00 and set a "buy" rating for the company in a report on Thursday, April 17th. KeyCorp decreased their target price on Block from $65.00 to $60.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd. Finally, Benchmark lowered shares of Block from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price 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.