Block, Inc. (NYSE:SQ) Insider Sells $353,942.74 in Stock

Block, Inc. (NYSE:SQGet Free Report) insider Brian Grassadonia sold 4,514 shares of Block stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $78.41, for a total value of $353,942.74. Following the sale, the insider now directly owns 477,290 shares of the company’s stock, valued at $37,424,308.90. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Brian Grassadonia also recently made the following trade(s):

  • On Monday, April 1st, Brian Grassadonia sold 111,666 shares of Block stock. The stock was sold at an average price of $82.73, for a total value of $9,238,128.18.
  • On Monday, March 4th, Brian Grassadonia sold 111,914 shares of Block stock. The stock was sold at an average price of $78.17, for a total value of $8,748,317.38.
  • On Tuesday, February 20th, Brian Grassadonia sold 127,800 shares of Block stock. The shares were sold at an average price of $65.45, for a total value of $8,364,510.00.
  • On Thursday, January 4th, Brian Grassadonia sold 5,652 shares of Block stock. The shares were sold at an average price of $68.00, for a total value of $384,336.00.

Block Trading Up 0.6 %

Shares of Block stock opened at $79.65 on Thursday. Block, Inc. has a fifty-two week low of $38.85 and a fifty-two week high of $87.52. The firm has a market cap of $49.04 billion, a PE ratio of 465.94, a P/E/G ratio of 2.34 and a beta of 2.55. The business’s fifty day moving average is $74.27 and its two-hundred day moving average is $63.57. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.22.

Block (NYSE:SQGet Free Report) last issued its quarterly earnings results on Thursday, February 22nd. The technology company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. Block had a return on equity of 0.63% and a net margin of 0.04%. The company had revenue of $5.77 billion for the quarter, compared to analyst estimates of $5.69 billion. Analysts anticipate that Block, Inc. will post 1.03 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on SQ shares. Benchmark started coverage on Block in a report on Tuesday, February 13th. They issued a “buy” rating and a $89.00 target price for the company. TheStreet raised Block from a “d+” rating to a “c-” rating in a report on Tuesday, December 19th. Monness Crespi & Hardt boosted their target price on Block from $85.00 to $100.00 and gave the company a “buy” rating in a report on Friday, February 23rd. Canaccord Genuity Group boosted their target price on Block from $80.00 to $95.00 and gave the company a “buy” rating in a report on Monday, February 26th. Finally, Truist Financial boosted their price target on Block from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, February 23rd. Seven research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $83.69.

Get Our Latest Analysis on SQ

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in SQ. Decatur Capital Management Inc. raised its position in shares of Block by 11.1% in the 1st quarter. Decatur Capital Management Inc. now owns 3,783 shares of the technology company’s stock worth $513,000 after buying an additional 378 shares during the period. Eudaimonia Partners LLC purchased a new position in shares of Block in the 1st quarter worth $387,000. NewEdge Advisors LLC purchased a new position in shares of Block in the 2nd quarter worth $228,000. Prudential Financial Inc. raised its position in shares of Block by 31.3% in the 2nd quarter. Prudential Financial Inc. now owns 25,320 shares of the technology company’s stock worth $1,616,000 after buying an additional 6,038 shares during the period. Finally, Kingsview Wealth Management LLC purchased a new position in shares of Block in the 2nd quarter worth $516,000. 70.44% of the stock is owned by hedge funds and other institutional investors.

Block Company Profile

(Get Free Report)

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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Insider Buying and Selling by Quarter for Block (NYSE:SQ)

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