Insider Selling: Block, Inc. (NYSE:SQ) Insider Sells $759,347.04 in Stock

Block, Inc. (NYSE:SQ) insider Brian Grassadonia sold 8,328 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $91.18, for a total transaction of $759,347.04. Following the transaction, the insider now directly owns 563,894 shares in the company, valued at approximately $51,415,854.92. This trade represents a 1.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Brian Grassadonia also recently made the following trade(s):

• On Wednesday, October 2nd, Brian Grassadonia sold 1,884 shares of Block stock. The stock was sold at an average price of $65.41, for a total transaction of $123,232.44.

Block Trading Down 0.3 %

NYSE SQ opened at $88.77 on Thursday. Block, Inc. has a one year low of $55.00 and a one year high of $94.12. The company’s 50 day moving average price is $75.20 and its 200 day moving average price is $68.47. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.07 and a current ratio of 2.07. The firm has a market capitalization of $55.02 billion, a price-to-earnings ratio of 49.87, a PEG ratio of 1.22 and a beta of 2.48.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of SQ. Gamco Investors INC. ET AL purchased a new position in Block in the first quarter valued at approximately $248,000. LRI Investments LLC acquired a new stake in Block in the first quarter valued at approximately $63,000. SVB Wealth LLC grew its position in Block by 5.6% in the first quarter. SVB Wealth LLC now owns 4,960 shares of the technology company’s stock valued at $420,000 after acquiring an additional 261 shares in the last quarter. Interval Partners LP grew its position in Block by 2,957.1% in the first quarter. Interval Partners LP now owns 10,000 shares of the technology company’s stock valued at $846,000 after acquiring an additional 10,350 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. grew its position in Block by 8.9% in the first quarter. B. Riley Wealth Advisors Inc. now owns 13,827 shares of the technology company’s stock valued at $1,169,000 after acquiring an additional 1,132 shares in the last quarter. Hedge funds and other institutional investors own 70.44% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on SQ shares. Keefe, Bruyette & Woods upped their price target on shares of Block from $71.00 to $80.00 and gave the stock a “market perform” rating in a research note on Friday, November 8th. Canaccord Genuity Group increased their price objective on shares of Block from $95.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. UBS Group lowered their price objective on shares of Block from $100.00 to $92.00 and set a “buy” rating on the stock in a research note on Tuesday, August 27th. BNP Paribas cut shares of Block from an “outperform” rating to a “neutral” rating and set a $88.00 price objective on the stock. in a research note on Wednesday, November 20th. Finally, Oppenheimer assumed coverage on shares of Block in a research note on Tuesday, October 1st. They issued a “market perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $91.46.

About Block

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.