Block, Inc. (NYSE:SQ - Get Free Report) insider Brian Grassadonia sold 113,668 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $67.56, for a total transaction of $7,679,410.08. Following the completion of the sale, the insider now owns 603,861 shares of the company's stock, valued at approximately $40,796,849.16. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Brian Grassadonia also recently made the following trade(s):
- On Wednesday, April 3rd, Brian Grassadonia sold 4,514 shares of Block stock. The stock was sold at an average price of $78.41, for a total value of $353,942.74.
- On Monday, April 1st, Brian Grassadonia sold 111,666 shares of Block stock. The stock was sold at an average price of $82.73, for a total value of $9,238,128.18.
- On Monday, March 4th, Brian Grassadonia sold 111,914 shares of Block stock. The shares were sold at an average price of $78.17, for a total value of $8,748,317.38.
- On Tuesday, February 20th, Brian Grassadonia sold 127,800 shares of Block stock. The shares were sold at an average price of $65.45, for a total transaction of $8,364,510.00.
Block Stock Performance
Urgent Nvidia Warning
From Altimetry | Ad
Could Steve Job's 'Final Prophecy' Make You Rich?
Just before he died, Steve Jobs issued a "Final Prophecy" that's now coming true... and making some people rich. In one recent 90-day stretch, 50 companies related to Jobs' "Final Prophecy" soared by 100% or more. What was Steve Jobs' last big prediction, and how can you get in on it? Professor Joel Litman explains everything... including the surprising group of stocks moving higher, and his No. 1 favorite stock in this space.
Click here to access…
NYSE:SQ opened at $69.45 on Friday. The firm has a market capitalization of $42.76 billion, a PE ratio of 90.20, a price-to-earnings-growth ratio of 1.94 and a beta of 2.57. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.22. Block, Inc. has a 12-month low of $38.85 and a 12-month high of $87.52. The firm has a 50-day moving average price of $77.82 and a 200 day moving average price of $67.83.
Block (NYSE:SQ - Get Free Report) last issued its earnings results on Thursday, February 22nd. The technology company reported $0.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.01. The business had revenue of $5.77 billion during the quarter, compared to analysts' expectations of $5.69 billion. Block had a return on equity of 2.07% and a net margin of 2.18%. Research analysts anticipate that Block, Inc. will post 1.11 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on SQ. Wedbush restated an "outperform" rating and set a $90.00 price target on shares of Block in a report on Friday. Piper Sandler restated an "overweight" rating and set a $88.00 target price (up from $86.00) on shares of Block in a report on Friday, February 23rd. Evercore ISI reiterated an "in-line" rating and set a $75.00 price target on shares of Block in a research note on Tuesday, March 26th. Citigroup raised their price objective on Block from $76.00 to $86.00 and gave the company a "buy" rating in a research note on Monday, February 26th. Finally, BTIG Research raised Block from a "neutral" rating to a "buy" rating and set a $85.00 target price for the company in a research report on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, Block currently has an average rating of "Moderate Buy" and an average price target of $87.42.
Get Our Latest Stock Analysis on Block
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in SQ. Commonwealth Equity Services LLC grew its holdings in shares of Block by 0.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 276,975 shares of the technology company's stock worth $12,259,000 after purchasing an additional 748 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in Block by 9.8% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 83,911 shares of the technology company's stock valued at $3,714,000 after buying an additional 7,507 shares in the last quarter. Xponance Inc. grew its stake in Block by 3.8% during the third quarter. Xponance Inc. now owns 42,171 shares of the technology company's stock worth $1,866,000 after buying an additional 1,562 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Block by 5.0% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 154,987 shares of the technology company's stock worth $6,860,000 after buying an additional 7,412 shares in the last quarter. Finally, Stratos Wealth Advisors LLC bought a new position in shares of Block in the third quarter valued at approximately $434,000. 70.44% of the stock is owned by institutional investors.
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
