Block, Inc. (NYSE:SQ) Insider Sells $272,175.00 in Stock

Block, Inc. (NYSE:SQ) insider Chrysty Esperanza sold 2,865 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $95.00, for a total transaction of $272,175.00. Following the sale, the insider now directly owns 85,235 shares in the company, valued at approximately $8,097,325. This represents a 3.25 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Chrysty Esperanza also recently made the following trade(s):

• On Monday, November 11th, Chrysty Esperanza sold 2,964 shares of Block stock. The stock was sold at an average price of $80.00, for a total transaction of $237,120.00.

Block Trading Up 2.5 %

Shares of Block stock opened at $98.26 on Friday. The firm has a market capitalization of $60.90 billion, a PE ratio of 55.20, a price-to-earnings-growth ratio of 1.33 and a beta of 2.50. 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’s fifty day moving average price is $78.93 and its two-hundred day moving average price is $69.56. Block, Inc. has a 52-week low of $55.00 and a 52-week high of $99.26.

Institutional Investors Weigh In On Block

Institutional investors and hedge funds have recently bought and sold shares of the business. SouthState Corp increased its holdings in Block by 85.3% in the 3rd quarter. SouthState Corp now owns 391 shares of the technology company’s stock valued at $26,000 after buying an additional 180 shares during the period. True Wealth Design LLC grew its holdings in shares of Block by 64.7% in the 3rd quarter. True Wealth Design LLC now owns 494 shares of the technology company’s stock worth $33,000 after purchasing an additional 194 shares during the last quarter. Unique Wealth Strategies LLC bought a new stake in shares of Block in the 2nd quarter worth about $34,000. V Square Quantitative Management LLC bought a new stake in shares of Block in the 3rd quarter worth about $46,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Block in the 2nd quarter worth about $44,000. Institutional investors own 70.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $88.00 price objective on shares of Block in a report on Monday, October 21st. Oppenheimer began coverage on shares of Block in a report on Tuesday, October 1st. They set a “market perform” rating on the stock. Canaccord Genuity Group lifted their target price on shares of Block from $95.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. BMO Capital Markets cut shares of Block from an “outperform” rating to a “market perform” rating and lifted their target price for the stock from $94.00 to $100.00 in a research report on Monday, November 25th. Finally, Piper Sandler restated an “overweight” rating and set a $83.00 target price on shares of Block in a research report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $92.96.

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.