Insider Selling: Block, Inc. (NYSE:XYZ) Insider Sells 2,800 Shares of Stock

Block, Inc. (NYSE:XYZ - Get Free Report) insider Dhananjay Prasanna sold 2,800 shares of the business's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $68.06, for a total transaction of $190,568.00. Following the completion of the transaction, the insider directly owned 304,351 shares of the company's stock, valued at $20,714,129.06. This trade represents a 0.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Thursday, July 17th, 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 Wednesday, July 2nd, Dhananjay Prasanna sold 800 shares of Block stock. The stock was sold at an average price of $70.00, for a total transaction 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 transaction of $189,672.00.
• On Monday, June 30th, Dhananjay Prasanna sold 2,400 shares of Block stock. The stock was sold at an average price of $67.24, for a total transaction of $161,376.00.
• 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 stock was sold at an average price of $60.56, for a total transaction 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 transaction of $695,038.38.

Block Stock Performance

Shares of NYSE XYZ traded up $1.76 during mid-day trading on Thursday, reaching $70.79. The company's stock had a trading volume of 7,787,998 shares, compared to its average volume of 6,333,479. The firm has a market cap of $43.54 billion, a PE ratio of 17.22, a P/E/G ratio of 1.71 and a beta of 2.74. Block, Inc. has a 1-year low of $44.27 and a 1-year high of $99.26. The business has a 50-day simple moving average of $63.02. The company has a quick ratio of 2.27, a current ratio of 2.27 and a debt-to-equity ratio of 0.24.

Analyst Ratings Changes

Several research firms have weighed in on XYZ. Needham & Company LLC lowered their price target on Block from $90.00 to $60.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Jefferies Financial Group boosted their target price on shares of Block from $60.00 to $70.00 and gave the stock a "buy" rating in a report on Tuesday, May 27th. Bank of America cut their target price on shares of Block from $94.00 to $80.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. BNP Paribas raised shares of Block from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 27th. Finally, Raymond James Financial set a $79.00 price objective on Block and gave the company an "outperform" rating in a report on Monday, June 2nd. Two equities research analysts have rated the stock with a sell rating, eight 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 MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $74.63.

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.

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