Block, Inc. (NYSE:SQ) CFO Sells $76,355.79 in Stock

Block, Inc. (NYSE:SQGet Free Report) CFO Amrita Ahuja sold 1,147 shares of the stock in a transaction on Monday, July 8th. The stock was sold at an average price of $66.57, for a total transaction of $76,355.79. Following the sale, the chief financial officer now owns 271,394 shares of the company’s stock, valued at $18,066,698.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Amrita Ahuja also recently made the following trade(s):

  • On Tuesday, July 2nd, Amrita Ahuja sold 5,277 shares of Block stock. The stock was sold at an average price of $64.13, for a total transaction of $338,414.01.
  • On Tuesday, May 21st, Amrita Ahuja sold 6,788 shares of Block stock. The stock was sold at an average price of $71.26, for a total transaction of $483,712.88.

Block Stock Down 0.3 %

Shares of SQ traded down $0.17 during trading hours on Wednesday, reaching $64.34. 4,804,510 shares of the stock traded hands, compared to its average volume of 8,996,441. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.16. The stock has a fifty day simple moving average of $66.44 and a 200 day simple moving average of $71.02. Block, Inc. has a 52 week low of $38.85 and a 52 week high of $87.52. The company has a market cap of $39.70 billion, a price-to-earnings ratio of 83.77, a PEG ratio of 1.50 and a beta of 2.52.

Block (NYSE:SQGet Free Report) last released its quarterly earnings results on Thursday, May 2nd. The technology company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.32. The company had revenue of $5.96 billion for the quarter, compared to analyst estimates of $5.75 billion. Block had a net margin of 2.18% and a return on equity of 2.04%. On average, equities analysts forecast that Block, Inc. will post 1.28 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on SQ. Keefe, Bruyette & Woods decreased their price objective on shares of Block from $82.00 to $74.00 and set a “market perform” rating for the company in a research report on Monday. TD Cowen increased their price objective on shares of Block from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. The Goldman Sachs Group restated a “buy” rating and issued a $80.00 price target on shares of Block in a report on Monday, June 24th. Wolfe Research raised their price target on shares of Block from $95.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. Finally, Susquehanna restated a “positive” rating and issued a $100.00 price target on shares of Block in a report on Wednesday, June 26th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $87.00.

Get Our Latest Analysis on SQ

Institutional Trading of Block

Several hedge funds have recently added to or reduced their stakes in SQ. Lido Advisors LLC raised its position in Block by 15.6% in the third quarter. Lido Advisors LLC now owns 4,934 shares of the technology company’s stock worth $218,000 after acquiring an additional 664 shares during the period. Townsquare Capital LLC raised its position in Block by 12.9% in the third quarter. Townsquare Capital LLC now owns 29,800 shares of the technology company’s stock worth $1,319,000 after acquiring an additional 3,412 shares during the period. Integrated Advisors Network LLC raised its position in Block by 18.0% in the third quarter. Integrated Advisors Network LLC now owns 11,139 shares of the technology company’s stock worth $493,000 after acquiring an additional 1,697 shares during the period. Carmignac Gestion raised its position in Block by 15.9% in the third quarter. Carmignac Gestion now owns 810,465 shares of the technology company’s stock worth $35,871,000 after acquiring an additional 111,073 shares during the period. Finally, Sunbelt Securities Inc. raised its position in Block by 9.3% in the third quarter. Sunbelt Securities Inc. now owns 7,637 shares of the technology company’s stock worth $338,000 after acquiring an additional 652 shares during the period. Institutional investors own 70.44% of the company’s stock.

About Block

(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.

Further Reading

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

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