Block, Inc. (NYSE:SQ) CAO Sells $177,255.68 in Stock

Block, Inc. (NYSE:SQ) CAO Ajmere Dale sold 2,044 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $86.72, for a total value of $177,255.68. Following the transaction, the chief accounting officer now directly owns 83,966 shares of the company’s stock, valued at approximately $7,281,531.52. This represents a 2.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Ajmere Dale also recently made the following trade(s):

• On Thursday, November 21st, Ajmere Dale sold 1,781 shares of Block stock. The shares were sold at an average price of $91.43, for a total value of $162,836.83.
• On Monday, November 11th, Ajmere Dale sold 1,000 shares of Block stock. The stock was sold at an average price of $80.00, for a total transaction of $80,000.00.

Block Stock Performance

Shares of SQ opened at $87.66 on Wednesday. Block, Inc. has a 1 year low of $55.00 and a 1 year high of $99.26. The company’s 50 day simple moving average is $87.84 and its 200 day simple moving average is $73.65. The company has a market capitalization of $54.33 billion, a price-to-earnings ratio of 49.25, a PEG ratio of 1.23 and a beta of 2.51. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.07 and a current ratio of 2.07.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SQ. SouthState Corp grew its position in shares of Block by 85.3% in the third quarter. SouthState Corp now owns 391 shares of the technology company’s stock valued at $26,000 after purchasing an additional 180 shares during the period. True Wealth Design LLC grew its holdings in Block by 64.7% in the 3rd quarter. True Wealth Design LLC now owns 494 shares of the technology company’s stock valued at $33,000 after buying an additional 194 shares during the period. Versant Capital Management Inc increased its stake in shares of Block by 67.7% during the 4th 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 purchased a new position in shares of Block during the 3rd quarter worth about $46,000. Finally, Asset Dedication LLC boosted its position in shares of Block by 392.7% in the second quarter. Asset Dedication LLC now owns 877 shares of the technology company’s stock worth $57,000 after acquiring an additional 699 shares during the last quarter. Hedge funds and other institutional investors own 70.44% of the company’s stock.

Wall Street Analysts Forecast Growth

SQ has been the topic of a number of recent research reports. Oppenheimer raised Block from a “market perform” rating to an “outperform” rating and set a $115.00 target price on the stock in a report on Thursday, December 19th. BNP Paribas lowered shares of Block from an “outperform” rating to a “neutral” rating and set a $88.00 price target on the stock. in a research note on Wednesday, November 20th. BMO Capital Markets downgraded shares of Block from an “outperform” rating to a “market perform” rating and raised their price objective for the company from $94.00 to $100.00 in a research report on Monday, November 25th. Morgan Stanley boosted their target price on Block from $60.00 to $65.00 and gave the stock an “underweight” rating in a research report on Wednesday, December 18th. Finally, William Blair reissued an “outperform” rating on shares of Block in a report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-seven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.