Insider Selling: Block (NYSE:XYZ) Insider Sells 8,166 Shares of Stock

Block, Inc. (NYSE:XYZ) insider Brian Grassadonia sold 8,166 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $68.01, for a total value of $555,369.66. Following the transaction, the insider directly owned 601,002 shares in the company, valued at approximately $40,874,146.02. This trade represents a 1.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, April 6th, Brian Grassadonia sold 1,769 shares of Block stock. The stock was sold at an average price of $60.25, for a total value of $106,582.25.
• On Tuesday, February 24th, Brian Grassadonia sold 10,349 shares of Block stock. The stock was sold at an average price of $50.00, for a total value of $517,450.00.

Block Stock Down 0.9%

XYZ traded down $0.60 during midday trading on Friday, reaching $68.05. 5,627,358 shares of the company were exchanged, compared to its average volume of 7,444,913. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.99 and a current ratio of 1.99. The company’s fifty day moving average price is $65.73 and its 200 day moving average price is $63.78. The company has a market cap of $40.50 billion, a price-to-earnings ratio of 53.17, a price-to-earnings-growth ratio of 0.93 and a beta of 2.57. Block, Inc. has a one year low of $48.21 and a one year high of $82.50.

Block (NYSE:XYZ) last issued its quarterly earnings data on Thursday, May 7th. The technology company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.55. The firm had revenue of $6.06 billion during the quarter. Block had a return on equity of 7.02% and a net margin of 3.30%.The business’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.56 earnings per share. Block has set its Q2 2026 guidance at 0.860-0.860 EPS and its FY 2026 guidance at 3.850-3.850 EPS. As a group, analysts expect that Block, Inc. will post 2.4 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Needham & Company LLC boosted their price objective on Block from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Wall Street Zen raised Block from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. BTIG Research reissued a “buy” rating and set a $90.00 price objective on shares of Block in a report on Friday, May 8th. The Goldman Sachs Group reissued a “buy” rating on shares of Block in a report on Friday, May 8th. Finally, Truist Financial upped their target price on Block from $77.00 to $81.00 and gave the company a “buy” rating in a report on Friday, April 24th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $84.94.

Hedge Funds Weigh In On Block

Several institutional investors have recently modified their holdings of XYZ. Baird Financial Group Inc. bought a new position in shares of Block in the second quarter valued at approximately $1,866,000. Brown Advisory Inc. bought a new position in shares of Block in the second quarter valued at approximately $516,000. Jump Financial LLC bought a new position in shares of Block in the second quarter valued at approximately $385,000. Federated Hermes Inc. bought a new position in shares of Block in the second quarter valued at approximately $53,000. Finally, Cerity Partners LLC bought a new position in shares of Block in the second quarter valued at approximately $1,861,000. 70.44% of the stock is owned by institutional investors.

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.