Insider Selling: Block (NYSE:XYZ) Director Sells $3,519,850.00 in Stock

Key Points

• Block director Anthony Mathew Eisen sold 41,000 shares for approximately $3.52 million at an average price of $85.85, reducing his stake by 2.55%. The transaction occurred under a pre-arranged Rule 10b5-1 trading plan, and follows multiple smaller sales in recent weeks.
• Block reported quarterly adjusted EPS of $1.02, beating the $0.48 analyst consensus, while revenue rose 9.3% year over year to $6.62 billion. Management issued fiscal-year 2026 EPS guidance of $4.02, above analysts’ expectations.
• Shares fell 5.7% to $79.36 despite strong earnings, while analysts maintained a generally positive outlook with an average price target of $91.75. The stock trades near its 52-week high at a relatively elevated 62 price-to-earnings ratio.

Block, Inc. (NYSE:XYZ - Get Free Report) Director Anthony Mathew Eisen sold 41,000 shares of the firm's stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $85.85, for a total transaction of $3,519,850.00. Following the transaction, the director owned 1,566,672 shares of the company's stock, valued at approximately $134,498,791.20. This trade represents a 2.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible 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 Thursday, August 6th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $83.07, for a total transaction of $498,420.00.
• On Monday, August 3rd, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $81.52, for a total transaction of $489,120.00.
• On Friday, July 31st, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $82.27, for a total transaction of $493,620.00.
• On Wednesday, July 29th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $82.22, for a total transaction of $493,320.00.
• On Monday, July 27th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $78.88, for a total value of $473,280.00.
• On Monday, July 20th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $78.90, for a total value of $473,400.00.
• On Friday, July 17th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $79.13, for a total value of $474,780.00.
• On Monday, July 13th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $78.35, for a total value of $470,100.00.
• On Friday, July 10th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $78.91, for a total value of $473,460.00.
• On Wednesday, July 8th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $76.66, for a total value of $459,960.00.

Block Trading Down 5.7%

Shares of NYSE XYZ traded down $4.84 during mid-day trading on Thursday, hitting $79.36. 11,650,486 shares of the company traded hands, compared to its average volume of 6,846,113. Block, Inc. has a 1 year low of $48.21 and a 1 year high of $86.75. The stock has a market capitalization of $47.23 billion, a price-to-earnings ratio of 62.00, a PEG ratio of 1.07 and a beta of 2.53. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.26. The business has a 50 day moving average of $76.54 and a two-hundred day moving average of $67.85.

Block (NYSE:XYZ - Get Free Report) last issued its quarterly 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. The firm had revenue of $6.62 billion for the quarter. Block had a return on equity of 7.02% and a net margin of 3.30%.The company's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.62 EPS. Block has set its FY 2026 guidance at 4.020-4.020 EPS and its Q3 2026 guidance at 1.020-1.020 EPS. On average, sell-side analysts anticipate that Block, Inc. will post 2.48 earnings per share for the current fiscal year.

Trending Headlines about Block

Here are the key news stories impacting Block this week:

• Positive Sentiment: Second-quarter results exceeded expectations. Block reported adjusted EPS of $1.02, above estimates ranging from $0.48 to $0.86 and up from $0.62 a year earlier. Revenue rose 9.3% year over year to $6.62 billion, supported by strength in Cash App and Square. Block's Q2 Earnings and Revenues Beat on Cash App and Square Strength
• Positive Sentiment: Management raised its profit outlook. Block projected third-quarter 2026 EPS of $1.02 versus the $0.93 consensus estimate and fiscal-year 2026 EPS of $4.02 versus $3.62 expected by analysts. The improved guidance points to stronger operating leverage and cost controls. Block Q2 Earnings Call Highlights Raised Outlook and AI Push
• Positive Sentiment: Analysts raised targets following the report. TD Cowen raised its target to $105, while RBC, Keefe, Bruyette & Woods, Susquehanna and Needham also increased targets, generally maintaining positive or buy-equivalent ratings. Cantor Fitzgerald reaffirmed its overweight rating with a $95 target. Analyst Price Target Changes
• Positive Sentiment: AI and restructuring are beginning to support profitability. Block highlighted 25% gross-profit growth, record margins and momentum from AI-driven products following its previously announced workforce reduction and efficiency initiative. Block's AI Overhaul Starts Showing Up in Results
• Neutral Sentiment: Options activity was unusually bullish but speculative. Investors bought 42,107 call options, 55% above typical daily volume, signaling increased trading interest but not guaranteeing sustained stock gains.
• Neutral Sentiment: Valuation may be limiting upside. With a high P/E multiple and shares near their 52-week high, investors may be demanding continued execution after the earnings-driven advance.
• Negative Sentiment: An insider sold shares. Brian Grassadonia sold 25,908 shares worth approximately $2.1 million under a pre-arranged Rule 10b5-1 plan. The scheduled nature reduces the signal’s importance, but insider selling can weigh modestly on sentiment. SEC Insider Sale Filing

Institutional Trading of Block

Several institutional investors have recently made changes to their positions in the stock. Global Retirement Partners LLC purchased a new position in Block during the second quarter valued at approximately $112,000. Focus Partners Advisor Solutions LLC purchased a new stake in Block in the 2nd quarter worth approximately $638,000. State of Wyoming acquired a new stake in shares of Block during the 2nd quarter valued at $167,000. Hyperion Asset Management Ltd boosted its stake in shares of Block by 6.9% during the 2nd quarter. Hyperion Asset Management Ltd now owns 2,682,854 shares of the technology company's stock valued at $203,897,000 after buying an additional 172,848 shares during the period. Finally, Tema ETFs LLC grew its holdings in shares of Block by 9.8% during the 2nd quarter. Tema ETFs LLC now owns 11,329 shares of the technology company's stock valued at $861,000 after acquiring an additional 1,015 shares in the last quarter. 70.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on XYZ shares. KeyCorp boosted their price target on shares of Block from $105.00 to $108.00 and gave the company an "overweight" rating in a report on Thursday. Zacks Research lowered shares of Block from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 30th. Wall Street Zen upgraded shares of Block from a "hold" rating to a "buy" rating in a research report on Saturday, May 9th. Barclays began coverage on shares of Block in a research note on Tuesday, July 7th. They set an "overweight" rating and a $100.00 target price on the stock. Finally, Canaccord Genuity Group increased their target price on Block from $80.00 to $85.00 and gave the company a "buy" rating in a report on Monday, May 18th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, Block presently has an average rating of "Moderate Buy" and an average target price of $91.75.

Block Company Profile

Block NYSE: XYZ is a financial technology company that builds products and services to facilitate electronic payments, commerce, and consumer finance. Its principal business lines include a seller-focused ecosystem that provides point-of-sale hardware and software, payment processing, invoicing, payroll and lending services, and a consumer-facing platform that offers peer-to-peer payments, banking-like features, and investing. Block's portfolio also encompasses music streaming and buy-now-pay-later capabilities through businesses acquired to broaden its reach beyond core payments.

The company was founded as Square in 2009 by Jack Dorsey and Jim McKelvey and later rebranded to Block to reflect a diversified set of businesses across payments, consumer finance, and emerging technologies.

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.

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