Key Points
- Block insider Brian Grassadonia sold 8,166 shares on Friday at an average price of $68.01, totaling about $555,370. After the sale, he still held 601,002 shares, and the trade was made under a pre-arranged Rule 10b5-1 plan.
- Block recently reported strong quarterly earnings, posting $0.85 EPS versus $0.30 expected on revenue of $6.06 billion. Revenue rose 4.9% year over year, and the company also issued Q2 2026 and FY 2026 EPS guidance.
- Wall Street sentiment remains mostly positive, with analysts maintaining an average rating of “Moderate Buy” and an average price target of $84.94. However, some firms recently downgraded the stock, including Weiss Ratings and Zacks Research.
Block, Inc. (NYSE:XYZ - Get Free Report) insider Brian Grassadonia sold 8,166 shares of the company's 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 completion of the transaction, the insider directly owned 601,002 shares in the company, valued at $40,874,146.02. This trade represents a 1.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 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 shares were 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 Price Performance
NYSE XYZ opened at $68.05 on Friday. The business's fifty day moving average price is $65.73 and its 200-day moving average price is $63.78. The stock has a market capitalization of $40.50 billion, a price-to-earnings ratio of 53.17, a PEG ratio of 0.90 and a beta of 2.57. 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 1-year low of $48.21 and a 1-year high of $82.50.
Block (NYSE:XYZ - Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The technology company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.55. The firm had revenue of $6.06 billion for the quarter. Block had a return on equity of 7.02% and a net margin of 3.30%.Block's quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.56 earnings per share. 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 predict that Block, Inc. will post 2.4 earnings per share for the current year.
Institutional Trading of Block
Several institutional investors have recently added to or reduced their stakes in the company. Howard Capital Management Inc. lifted its stake in Block by 3.2% in the third quarter. Howard Capital Management Inc. now owns 4,439 shares of the technology company's stock worth $321,000 after purchasing an additional 138 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in Block by 23.1% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 853 shares of the technology company's stock valued at $66,000 after buying an additional 160 shares during the period. Sound Income Strategies LLC increased its holdings in 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 buying an additional 161 shares during the period. Jones Financial Companies Lllp increased its holdings in Block by 0.8% during the third quarter. Jones Financial Companies Lllp now owns 21,183 shares of the technology company's stock valued at $1,561,000 after buying an additional 167 shares during the period. Finally, EverSource Wealth Advisors LLC grew its holdings in Block by 33.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 707 shares of the technology company's stock worth $46,000 after purchasing an additional 179 shares during the last quarter. Institutional investors own 70.44% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on XYZ shares. Weiss Ratings lowered Block from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Monday. Zacks Research lowered Block from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 12th. Wall Street Zen upgraded Block from a "hold" rating to a "buy" rating in a research note on Saturday, May 9th. Canaccord Genuity Group increased their price target on Block from $80.00 to $85.00 and gave the stock a "buy" rating in a research note on Monday, May 18th. Finally, BTIG Research reiterated a "buy" rating and issued a $90.00 price target on shares of Block in a research note on Friday, May 8th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $84.94.
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About Block
(
Get Free Report)
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.
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