Block (NYSE:XYZ) Insider Brian Grassadonia Sells 25,908 Shares of Stock

Posted by on Aug 6th, 2026

Block, Inc. (NYSE:XYZ – Get Free Report) insider Brian Grassadonia sold 25,908 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $81.64, for a total transaction of $2,115,129.12. Following the transaction, the insider owned 531,746 shares of the company’s stock, valued at approximately $43,411,743.44. This represents a 4.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

  • On Thursday, July 2nd, Brian Grassadonia sold 43,348 shares of Block stock. The shares were sold at an average price of $80.00, for a total value of $3,467,840.00.
  • On Friday, May 22nd, Brian Grassadonia sold 8,166 shares of Block stock. The shares were sold at an average price of $68.01, for a total value of $555,369.66.

Block Price Performance

Shares of XYZ opened at $84.20 on Thursday. 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 stock has a market cap of $50.11 billion, a PE ratio of 65.78, a PEG ratio of 1.07 and a beta of 2.53. Block, Inc. has a 12-month low of $48.21 and a 12-month high of $86.75. The business has a 50-day simple moving average of $76.54 and a two-hundred day simple moving average of $67.85.

Block (NYSE:XYZ – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The technology company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.54. Block had a return on equity of 7.02% and a net margin of 3.30%.The company had revenue of $6.62 billion for the quarter. During the same quarter last year, the firm posted $0.62 earnings per share. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. Block has set its FY 2026 guidance at 4.020-4.020 EPS and its Q3 2026 guidance at 1.020-1.020 EPS. Analysts anticipate that Block, Inc. will post 2.48 earnings per share for the current fiscal year.

Block News Roundup

Here are the key news stories impacting Block this week:

  • Positive Sentiment: Second-quarter results beat expectations. Block reported adjusted earnings of $1.02 per share, above estimates ranging from $0.48 to $0.86 and up from $0.62 a year earlier. Revenue reached $6.62 billion, increasing 9.3% year over year. Block Q2 Earnings and Revenues Beat Estimates
  • Positive Sentiment: Full-year and third-quarter earnings outlooks exceeded consensus. Block guided to $1.02 in third-quarter EPS versus the $0.93 analyst estimate and $4.02 in fiscal 2026 EPS versus the $3.62 consensus, signaling confidence in cost controls and operating leverage. Block Announces Second Quarter 2026 Results
  • Positive Sentiment: The AI and efficiency strategy is beginning to show in results. Reports indicate that CEO Jack Dorsey’s plan to reduce the workforce by roughly 40% and emphasize artificial intelligence is contributing to lower costs and stronger earnings, although the strategy remains in an early stage. Block’s AI Overhaul Starts Showing Up in Results
  • Neutral Sentiment: Analyst sentiment remains broadly favorable but valuation is demanding. Block has a “Moderate Buy” consensus rating and an average target near $89.40, while the stock’s elevated price-to-earnings ratio leaves less room for earnings disappointments.
  • Negative Sentiment: Insiders continue to sell shares. Director Brian Grassadonia sold 25,908 shares and director Anthony Mathew Eisen sold 6,000 shares under pre-arranged Rule 10b5-1 plans. The scheduled nature of the transactions reduces their significance, but repeated insider selling can weigh on sentiment. Brian Grassadonia Insider Transaction

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Sound Income Strategies LLC lifted its holdings in shares of Block by 57.1% during the 4th quarter. Sound Income Strategies LLC now owns 443 shares of the technology company’s stock valued at $29,000 after purchasing an additional 161 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Block by 33.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 707 shares of the technology company’s stock worth $46,000 after purchasing an additional 179 shares in the last quarter. Merit Financial Group LLC increased its stake in Block by 3.7% during the 4th quarter. Merit Financial Group LLC now owns 5,270 shares of the technology company’s stock worth $343,000 after purchasing an additional 188 shares in the last quarter. Avior Wealth Management LLC raised its holdings in Block by 3.3% during the 2nd quarter. Avior Wealth Management LLC now owns 6,081 shares of the technology company’s stock worth $462,000 after buying an additional 193 shares during the period. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA raised its holdings in Block by 33.3% during the 3rd quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 800 shares of the technology company’s stock worth $58,000 after buying an additional 200 shares during the period. 70.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Piper Sandler upgraded shares of Block from an “underweight” rating to an “overweight” rating and boosted their target price for the company from $58.00 to $100.00 in a report on Monday, June 29th. Deutsche Bank Aktiengesellschaft raised shares of Block to a “buy” rating in a research report on Tuesday, June 30th. The Goldman Sachs Group raised Block from a “buy” rating to a “buy” rating in a research note on Tuesday, June 30th. Craig Hallum assumed coverage on shares of Block in a research report on Tuesday, June 30th. They set a “buy” rating on the stock. Finally, Canaccord Genuity Group upped their price objective on shares of Block from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. Three analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, Block presently has an average rating of “Moderate Buy” and an average target price of $89.40.

Get Our Latest Report on XYZ

Block Company Profile

(Get Free Report)

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.

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

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