Insider Selling: Block (NYSE:XYZ) CFO Sells $248,204.04 in Stock

Block, Inc. (NYSE:XYZ) CFO Amrita Ahuja sold 3,101 shares of the firm’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $80.04, for a total transaction of $248,204.04. Following the transaction, the chief financial officer owned 432,773 shares of the company’s stock, valued at approximately $34,639,150.92. This represents a 0.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, August 24th, Amrita Ahuja sold 9,511 shares of Block stock. The shares were sold at an average price of $82.43, for a total value of $783,991.73.
• On Wednesday, August 5th, Amrita Ahuja sold 8,971 shares of Block stock. The stock was sold at an average price of $85.85, for a total value of $770,160.35.
• 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 Price Performance

NYSE:XYZ traded down $0.79 during trading hours on Monday, reaching $81.38. The company had a trading volume of 4,068,129 shares, compared to its average volume of 4,955,299. The stock has a 50-day moving average of $78.89 and a two-hundred day moving average of $69.40. Block, Inc. has a one year low of $48.21 and a one year high of $86.75. The firm has a market capitalization of $48.89 billion, a PE ratio of 145.31, a PEG ratio of 0.92 and a beta of 2.53. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.26.

Block (NYSE:XYZ) last issued its quarterly earnings data on Wednesday, August 5th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.54. Block had a return on equity of 8.10% and a net margin of 1.43%.The company had revenue of $6.62 billion during the quarter. During the same period in the previous year, the business posted $0.62 earnings per share. The firm’s revenue was up 9.3% compared to the same quarter last year. Block has set its FY 2026 guidance at 4.020-4.020 EPS and its Q3 2026 guidance at 1.020-1.020 EPS. Analysts forecast that Block, Inc. will post 2.69 earnings per share for the current year.

Analyst Ratings Changes

XYZ has been the topic of several research analyst reports. Keefe, Bruyette & Woods upped their price objective on shares of Block from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Morgan Stanley reiterated an “overweight” rating on shares of Block in a research note on Wednesday, August 5th. William Blair lowered Block to a “market perform” rating in a research report on Tuesday, June 30th. TD Cowen upped their price target on shares of Block from $101.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $95.00 target price on shares of Block in a research note on Thursday, August 6th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, Block currently has an average rating of “Moderate Buy” and a consensus target price of $95.23.

Hedge Funds Weigh In On Block

Several hedge funds have recently added to or reduced their stakes in the company. Elevation Wealth Partners LLC boosted its stake in shares of Block by 301.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 389 shares of the technology company’s stock valued at $30,000 after purchasing an additional 292 shares during the last quarter. Rachor Investment Advisory Services LLC bought a new position in Block in the fourth quarter valued at approximately $32,000. Global Assets Advisory LLC acquired a new stake in Block during the 1st quarter worth $31,000. Cary Street Partners Investment Advisory LLC raised its position in shares of Block by 57.6% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 610 shares of the technology company’s stock valued at $40,000 after acquiring an additional 223 shares during the last quarter. Finally, Darwin Wealth Management LLC bought a new stake in shares of Block during the 2nd quarter valued at $43,000. Institutional investors own 70.44% of the company’s stock.

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.