Block, Inc. (NYSE:SQ) CFO Sells $129,953.04 in Stock

Block, Inc. (NYSE:SQ) CFO Amrita Ahuja sold 1,502 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $86.52, for a total transaction of $129,953.04. Following the transaction, the chief financial officer now owns 242,199 shares of the company’s stock, valued at approximately $20,955,057.48. This represents a 0.62 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Thursday, November 21st, Amrita Ahuja sold 6,661 shares of Block stock. The stock was sold at an average price of $91.43, for a total transaction of $609,015.23.

Block Price Performance

Block stock traded down $0.15 during mid-day trading on Monday, reaching $92.01. 6,455,905 shares of the company were exchanged, compared to its average volume of 7,594,174. The firm has a market cap of $57.03 billion, a PE ratio of 51.69, a PEG ratio of 1.23 and a beta of 2.51. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.07 and a quick ratio of 2.07. The company has a fifty day simple moving average of $87.20 and a 200-day simple moving average of $73.27. Block, Inc. has a 12 month low of $55.00 and a 12 month high of $99.26.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. SouthState Corp grew its stake in Block by 85.3% during the third quarter. SouthState Corp now owns 391 shares of the technology company’s stock worth $26,000 after buying an additional 180 shares in the last quarter. True Wealth Design LLC boosted its position in shares of Block by 64.7% during the 3rd quarter. True Wealth Design LLC now owns 494 shares of the technology company’s stock worth $33,000 after acquiring an additional 194 shares in the last quarter. Versant Capital Management Inc increased its stake in Block by 67.7% in the fourth quarter. Versant Capital Management Inc now owns 394 shares of the technology company’s stock valued at $33,000 after acquiring an additional 159 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in Block during the third quarter valued at approximately $46,000. Finally, Asset Dedication LLC lifted its stake in Block by 392.7% during the second quarter. Asset Dedication LLC now owns 877 shares of the technology company’s stock worth $57,000 after purchasing an additional 699 shares during the last quarter. Institutional investors and hedge funds own 70.44% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on SQ. BMO Capital Markets lowered Block from an “outperform” rating to a “market perform” rating and lifted their target price for the stock from $94.00 to $100.00 in a report on Monday, November 25th. William Blair reiterated an “outperform” rating on shares of Block in a report on Friday, November 15th. Morgan Stanley increased their target price on Block from $60.00 to $65.00 and gave the stock an “underweight” rating in a research note on Wednesday, December 18th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $88.00 price target on shares of Block in a research note on Monday, October 21st. Finally, Needham & Company LLC raised their price objective on shares of Block from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $96.77.

Block Company Profile

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.