Insider Selling: Block (NYSE:XYZ) Insider Sells $555,369.66 in Stock

Block, Inc. (NYSE:XYZ) insider Brian Grassadonia sold 8,166 shares of Block stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $68.01, for a total value of $555,369.66. Following the sale, the insider owned 601,002 shares in the company, valued at $40,874,146.02. This represents a 1.34% 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 hyperlink. 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 shares were sold at an average price of $50.00, for a total value of $517,450.00.

Block Stock Performance

Shares of XYZ stock opened at $68.05 on Monday. Block, Inc. has a 12 month low of $48.21 and a 12 month high of $82.50. The stock has a market cap of $40.50 billion, a PE ratio of 53.17, a price-to-earnings-growth ratio of 0.89 and a beta of 2.57. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.26. The company’s fifty day moving average price is $65.73 and its 200-day moving average price is $63.70.

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

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Wall Street Zen upgraded Block from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Weiss Ratings downgraded Block from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 18th. Royal Bank Of Canada increased their target price on Block from $90.00 to $93.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Arete Research upgraded Block from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 3rd. Finally, Piper Sandler lifted their price target on Block from $51.00 to $58.00 and gave the stock an “underweight” rating in a research report on Friday, May 8th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Block presently has an average rating of “Moderate Buy” and a consensus price target of $84.94.

Institutional Trading of Block

A number of institutional investors and hedge funds have recently modified their holdings of XYZ. Cary Street Partners Investment Advisory LLC bought a new stake in Block in the 3rd quarter worth about $28,000. Sound Income Strategies LLC raised its holdings in shares of Block by 57.1% during the fourth 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 during the last quarter. RMG Wealth Management LLC bought a new position in Block during the third quarter valued at approximately $30,000. Pilgrim Partners Asia Pte Ltd bought a new stake in Block in the 3rd quarter worth approximately $30,000. Finally, Global Assets Advisory LLC bought a new stake in Block in the 1st quarter worth approximately $31,000. Institutional investors own 70.44% of the company’s stock.

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.