Insider Selling: Block, Inc. (NYSE:XYZ) Insider Sells $169,568.00 in Stock

Block, Inc. (NYSE:XYZ) insider Dhananjay Prasanna sold 2,800 shares of the business’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 transaction of $169,568.00. Following the completion of the sale, the insider now owns 315,951 shares in the company, valued at $19,133,992.56. The trade was a 0.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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 Stock Up 2.3%

XYZ stock opened at $65.04 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.07 and a quick ratio of 2.07. The company has a market capitalization of $40.00 billion, a P/E ratio of 14.29, a price-to-earnings-growth ratio of 0.72 and a beta of 2.83. Block, Inc. has a 12 month low of $44.27 and a 12 month high of $99.26. The business has a 50 day simple moving average of $56.03.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Raymond James set a $79.00 target price on shares of Block and gave the stock an “outperform” rating in a research report on Monday, June 2nd. KGI Securities raised shares of Block to a “hold” rating in a research report on Friday, May 9th. Needham & Company LLC dropped their target price on shares of Block from $90.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. Bank of America dropped their target price on shares of Block from $94.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, April 17th. Finally, Benchmark downgraded shares of Block from a “buy” rating to a “hold” rating in a research report on Friday, May 2nd. Two 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 company. According to data from MarketBeat.com, Block currently has an average rating of “Moderate Buy” and an average target price of $75.66.

About Block

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.