Alyssa Henry Sells 30,769 Shares of Block, Inc. (NYSE:SQ) Stock

Block, Inc. (NYSE:SQGet Rating) insider Alyssa Henry sold 30,769 shares of the company’s stock in a transaction dated Wednesday, January 18th. The shares were sold at an average price of $75.29, for a total transaction of $2,316,598.01. Following the completion of the transaction, the insider now owns 418,667 shares in the company, valued at $31,521,438.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Alyssa Henry also recently made the following trade(s):

  • On Wednesday, January 11th, Alyssa Henry sold 30,769 shares of Block stock. The shares were sold at an average price of $70.66, for a total transaction of $2,174,137.54.
  • On Wednesday, December 28th, Alyssa Henry sold 30,769 shares of Block stock. The shares were sold at an average price of $59.49, for a total transaction of $1,830,447.81.
  • On Wednesday, December 7th, Alyssa Henry sold 30,769 shares of Block stock. The shares were sold at an average price of $60.81, for a total transaction of $1,871,062.89.
  • On Wednesday, November 30th, Alyssa Henry sold 30,769 shares of Block stock. The stock was sold at an average price of $62.59, for a total transaction of $1,925,831.71.
  • On Wednesday, November 23rd, Alyssa Henry sold 30,769 shares of Block stock. The stock was sold at an average price of $62.60, for a total transaction of $1,926,139.40.
  • On Wednesday, November 16th, Alyssa Henry sold 30,769 shares of Block stock. The stock was sold at an average price of $71.71, for a total transaction of $2,206,444.99.
  • On Wednesday, November 9th, Alyssa Henry sold 30,769 shares of Block stock. The stock was sold at an average price of $59.06, for a total transaction of $1,817,217.14.
  • On Wednesday, November 2nd, Alyssa Henry sold 30,769 shares of Block stock. The stock was sold at an average price of $58.46, for a total transaction of $1,798,755.74.
  • On Wednesday, October 26th, Alyssa Henry sold 30,769 shares of Block stock. The stock was sold at an average price of $59.84, for a total transaction of $1,841,216.96.

Block Price Performance

Shares of SQ opened at $76.16 on Friday. Block, Inc. has a 12-month low of $51.34 and a 12-month high of $149.00. The business’s fifty day moving average is $66.02 and its 200 day moving average is $66.62. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.25. The stock has a market cap of $45.55 billion, a P/E ratio of -81.89, a P/E/G ratio of 50.32 and a beta of 2.35.

Block (NYSE:SQGet Rating) last issued its earnings results on Thursday, November 3rd. The technology company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.16. Block had a negative return on equity of 2.10% and a negative net margin of 2.97%. The company had revenue of $4.52 billion for the quarter, compared to analysts’ expectations of $4.48 billion. Sell-side analysts anticipate that Block, Inc. will post -0.67 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. BTIG Research dropped their target price on shares of Block from $175.00 to $100.00 in a report on Friday, November 4th. The Goldman Sachs Group dropped their target price on shares of Block from $134.00 to $114.00 and set a “buy” rating for the company in a report on Friday, November 4th. Needham & Company LLC dropped their target price on shares of Block from $120.00 to $80.00 and set a “buy” rating for the company in a report on Friday, November 4th. Mizuho increased their target price on shares of Block from $69.00 to $70.00 and gave the stock a “neutral” rating in a report on Monday, December 12th. Finally, Royal Bank of Canada lowered their price objective on Block from $95.00 to $93.00 and set an “outperform” rating for the company in a research note on Friday, November 4th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and thirty-three have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $113.00.

Hedge Funds Weigh In On Block

Several large investors have recently bought and sold shares of the stock. O Dell Group LLC lifted its stake in Block by 9.9% during the 2nd quarter. O Dell Group LLC now owns 1,448 shares of the technology company’s stock valued at $89,000 after acquiring an additional 130 shares in the last quarter. White Knight Strategic Wealth Advisors LLC lifted its stake in Block by 1.7% during the 2nd quarter. White Knight Strategic Wealth Advisors LLC now owns 8,856 shares of the technology company’s stock valued at $544,000 after acquiring an additional 150 shares in the last quarter. Meiji Yasuda Life Insurance Co lifted its stake in Block by 3.4% during the 2nd quarter. Meiji Yasuda Life Insurance Co now owns 5,109 shares of the technology company’s stock valued at $314,000 after acquiring an additional 170 shares in the last quarter. Coastal Investment Advisors Inc. raised its stake in shares of Block by 1.0% during the 3rd quarter. Coastal Investment Advisors Inc. now owns 17,038 shares of the technology company’s stock worth $937,000 after purchasing an additional 174 shares during the period. Finally, Regal Investment Advisors LLC raised its stake in shares of Block by 1.6% during the 3rd quarter. Regal Investment Advisors LLC now owns 11,648 shares of the technology company’s stock worth $641,000 after purchasing an additional 185 shares during the period. 59.49% of the stock is currently owned by institutional investors.

Block Company Profile

(Get Rating)

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.

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