Block, Inc. (NYSE:SQ) CFO Amrita Ahuja Sells 1,147 Shares

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

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

  • On Tuesday, July 2nd, Amrita Ahuja sold 5,277 shares of Block stock. The shares were 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 %

SQ opened at $64.34 on Thursday. Block, Inc. has a 12 month low of $38.85 and a 12 month high of $87.52. The company has a market cap of $39.70 billion, a PE ratio of 83.56, a price-to-earnings-growth ratio of 1.50 and a beta of 2.52. 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 company has a 50 day moving average of $66.39 and a 200 day moving average of $70.97.

Block (NYSE:SQGet Free Report) last posted its earnings results on Thursday, May 2nd. The technology company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.32. The firm had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $5.75 billion. Block had a return on equity of 2.04% and a net margin of 2.18%. On average, sell-side analysts expect that Block, Inc. will post 1.28 EPS for the current year.

Wall Street Analyst Weigh In

SQ has been the subject of several recent research reports. Monness Crespi & Hardt reissued a “neutral” rating on shares of Block in a research report on Thursday, May 2nd. Robert W. Baird increased their price objective on Block from $98.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. Susquehanna reaffirmed a “positive” rating and set a $100.00 target price on shares of Block in a research report on Wednesday, June 26th. Needham & Company LLC increased their price target on Block from $95.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Finally, Citigroup lifted their price objective on shares of Block from $86.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, May 6th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $87.00.

Get Our Latest Report on Block

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Bares Capital Management Inc. lifted its holdings in shares of Block by 2.0% in the fourth quarter. Bares Capital Management Inc. now owns 4,487,251 shares of the technology company’s stock worth $347,089,000 after buying an additional 87,826 shares in the last quarter. Trivest Advisors Ltd purchased a new stake in Block in the 4th quarter worth approximately $157,021,000. IFG Advisory LLC bought a new position in Block in the 4th quarter valued at $213,000. Vanguard Group Inc. grew its position in shares of Block by 3.7% during the 4th quarter. Vanguard Group Inc. now owns 36,192,701 shares of the technology company’s stock valued at $2,799,505,000 after purchasing an additional 1,277,043 shares in the last quarter. Finally, &PARTNERS increased its holdings in shares of Block by 8.3% in the first quarter. &PARTNERS now owns 8,641 shares of the technology company’s stock worth $731,000 after purchasing an additional 659 shares during the period. Institutional investors own 70.44% of the company’s stock.

Block Company Profile

(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.

Recommended Stories

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

Receive News & Ratings for Block Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Block and related companies with MarketBeat.com's FREE daily email newsletter.