Insider Selling: Block (NYSE:XYZ) CFO Sells $606,975.00 in Stock

Block, Inc. (NYSE:XYZ) CFO Amrita Ahuja sold 8,093 shares of Block stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $75.00, for a total value of $606,975.00. Following the completion of the sale, the chief financial officer directly owned 463,246 shares of the company’s stock, valued at approximately $34,743,450. The trade was a 1.72% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, April 21st, Amrita Ahuja sold 30,919 shares of Block stock. The shares were sold at an average price of $75.00, for a total value of $2,318,925.00.

Block Trading Down 0.0%

Block stock opened at $74.75 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.99 and a quick ratio of 1.99. Block, Inc. has a one year low of $48.21 and a one year high of $82.50. The stock has a market capitalization of $44.49 billion, a PE ratio of 58.40, a price-to-earnings-growth ratio of 0.97 and a beta of 2.56. The business’s fifty day moving average is $70.57 and its 200 day moving average is $64.69.

Block (NYSE:XYZ) last released its quarterly earnings data on Thursday, May 7th. The technology company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.30 by $0.55. Block had a return on equity of 7.02% and a net margin of 3.30%.The company had revenue of $6.06 billion during the quarter. During the same quarter in the previous year, the business posted $0.56 earnings per share. Block’s quarterly 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, sell-side analysts predict that Block, Inc. will post 2.42 EPS for the current year.

Hedge Funds Weigh In On Block

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Cary Street Partners Investment Advisory LLC bought a new position in Block in the third quarter worth approximately $28,000. Sound Income Strategies LLC grew its position in shares of Block by 57.1% during the 4th quarter. Sound Income Strategies LLC now owns 443 shares of the technology company’s stock valued at $29,000 after acquiring an additional 161 shares during the period. Rachor Investment Advisory Services LLC bought a new stake in shares of Block during the 4th quarter valued at $32,000. Rothschild Investment LLC increased its stake in shares of Block by 59.7% in the 3rd quarter. Rothschild Investment LLC now owns 495 shares of the technology company’s stock worth $36,000 after purchasing an additional 185 shares in the last quarter. Finally, Global Assets Advisory LLC purchased a new stake in shares of Block in the 1st quarter worth $31,000. Hedge funds and other institutional investors own 70.44% of the company’s stock.

Analyst Ratings Changes

XYZ has been the subject of several research reports. Canaccord Genuity Group boosted their price objective on shares of Block from $80.00 to $85.00 and gave the company a “buy” rating in a report on Monday, May 18th. BTIG Research reaffirmed a “buy” rating and issued a $90.00 target price on shares of Block in a research report on Friday, May 8th. Arete Research raised shares of Block from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 3rd. Oppenheimer reiterated an “outperform” rating and set a $91.00 target price on shares of Block in a research note on Friday, May 8th. Finally, BMO Capital Markets initiated coverage on Block in a report on Tuesday, April 21st. They set a “market perform” rating and a $74.00 price target on the stock. Four investment analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Block has a consensus rating of “Moderate Buy” and a consensus target price of $85.42.

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.