Insider Selling: Block (NYSE:XYZ) CFO Sells $770,160.35 in Stock

Block, Inc. (NYSE:XYZ) CFO Amrita Ahuja sold 8,971 shares of Block stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $85.85, for a total transaction of $770,160.35. Following the completion of the transaction, the chief financial officer directly owned 454,275 shares of the company’s stock, valued at approximately $38,999,508.75. This trade represents a 1.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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, June 16th, Amrita Ahuja sold 8,093 shares of Block stock. The shares were sold at an average price of $75.00, for a total value of $606,975.00.

Block Stock Performance

Block stock traded up $0.03 during mid-day trading on Friday, hitting $79.05. 6,000,543 shares of the company’s stock traded hands, compared to its average volume of 6,840,534. Block, Inc. has a fifty-two week low of $48.21 and a fifty-two week high of $86.75. The stock has a market cap of $47.05 billion, a price-to-earnings ratio of 141.16, a P/E/G ratio of 1.06 and a beta of 2.53. The firm has a 50 day simple moving average of $76.64 and a two-hundred day simple moving average of $67.95. 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 (NYSE:XYZ) last issued its quarterly earnings data on Wednesday, August 5th. The technology company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.54. The company had revenue of $6.62 billion for the quarter. Block had a net margin of 1.43% and a return on equity of 8.09%. Block’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.62 earnings per share. Block has set its FY 2026 guidance at 4.020-4.020 EPS and its Q3 2026 guidance at 1.020-1.020 EPS. On average, research analysts expect that Block, Inc. will post 2.48 EPS for the current fiscal year.

Analyst Ratings Changes

XYZ has been the topic of several recent research reports. Weiss Ratings raised shares of Block from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday. Truist Financial boosted their target price on Block from $82.00 to $93.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Morgan Stanley reissued an “overweight” rating on shares of Block in a research note on Wednesday. UBS Group raised their target price on shares of Block from $92.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Barclays initiated coverage on shares of Block in a research note on Tuesday, July 7th. They set an “overweight” rating and a $100.00 target price on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $93.06.

Institutional Trading of Block

Hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in Block during the 2nd quarter worth approximately $621,703,000. Capital World Investors increased its position in Block by 41.8% in the 4th quarter. Capital World Investors now owns 16,023,441 shares of the technology company’s stock valued at $1,042,966,000 after acquiring an additional 4,727,217 shares during the period. Geode Capital Management LLC raised its stake in shares of Block by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 14,406,899 shares of the technology company’s stock valued at $934,121,000 after acquiring an additional 67,560 shares during the last quarter. Ameriprise Financial Inc. bought a new stake in shares of Block in the second quarter worth $535,305,000. Finally, Norges Bank acquired a new position in shares of Block in the fourth quarter worth approximately $484,387,000. 70.44% of the stock is currently owned by institutional investors.

More Block News

Here are the key news stories impacting Block this week:

• Positive Sentiment: Quarterly results exceeded expectations. Block reported second-quarter EPS of $1.02, well above estimates of $0.48–$0.86 and up from $0.62 a year earlier. Revenue increased 9.3% year over year to $6.62 billion, with Cash App and Square contributing to the performance. Block Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Management raised its outlook. Block guided to third-quarter EPS of $1.02 versus the $0.93 consensus and fiscal 2026 EPS of $4.02 versus expectations of $3.62. Management also cited 25% gross-profit growth, record margins and improving momentum from AI-focused products. Block Q2 Earnings Call Highlights
• Positive Sentiment: Analysts became more bullish. Monness Crespi & Hardt raised its price target from $115 to $125 and initiated a “buy” rating. TD Cowen raised its target to $105, while RBC, Keefe, Bruyette & Woods, Susquehanna and Needham also increased targets, generally maintaining positive ratings.
• Positive Sentiment: Options activity suggested increased bullish interest. Investors bought 42,107 call options, approximately 55% above average daily call volume. This indicates heightened speculative interest, though it does not guarantee continued gains.
• Neutral Sentiment: Block’s AI and cost-reduction strategy is gaining investor attention. The company’s workforce reductions and greater emphasis on artificial intelligence appear to be supporting efficiency and profitability, but investors will want evidence that growth remains durable.
• Negative Sentiment: Insiders sold shares. Director Anthony Mathew Eisen sold 47,000 shares for approximately $4.0 million across two transactions, and Brian Grassadonia sold 25,908 shares for about $2.1 million. The sales were executed under pre-arranged Rule 10b5-1 plans, reducing their significance, but repeated insider selling may weigh on sentiment.
• Negative Sentiment: Valuation leaves limited room for disappointment. With Block trading near its 52-week high and at an elevated earnings multiple, the stock may remain sensitive to any slowdown in Cash App, Square or AI-related profitability.

About Block

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.