Alyssa Henry Sells 30,769 Shares of Block, Inc. (NYSE:SQ) Stock

Block, Inc. (NYSE:SQGet Rating) insider Alyssa Henry sold 30,769 shares of Block stock in a transaction dated Wednesday, January 18th. The stock was sold at an average price of $75.29, for a total value of $2,316,598.01. Following the completion of the sale, the insider now directly owns 418,667 shares of the company’s stock, valued at approximately $31,521,438.43. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Alyssa Henry also recently made the following trade(s):

  • On Wednesday, January 11th, Alyssa Henry sold 30,769 shares of Block stock. The shares were sold at an average price of $70.66, for a total value of $2,174,137.54.
  • On Wednesday, December 28th, Alyssa Henry sold 30,769 shares of Block stock. The shares were sold at an average price of $59.49, for a total value of $1,830,447.81.
  • On Wednesday, December 7th, Alyssa Henry sold 30,769 shares of Block stock. The shares were sold at an average price of $60.81, for a total value of $1,871,062.89.
  • On Wednesday, November 30th, Alyssa Henry sold 30,769 shares of Block stock. The shares were sold at an average price of $62.59, for a total value of $1,925,831.71.
  • On Wednesday, November 23rd, Alyssa Henry sold 30,769 shares of Block stock. The shares were sold at an average price of $62.60, for a total value of $1,926,139.40.
  • On Wednesday, November 16th, Alyssa Henry sold 30,769 shares of Block stock. The shares were sold at an average price of $71.71, for a total value of $2,206,444.99.
  • On Wednesday, November 9th, Alyssa Henry sold 30,769 shares of Block stock. The shares were sold at an average price of $59.06, for a total value of $1,817,217.14.
  • On Wednesday, November 2nd, Alyssa Henry sold 30,769 shares of Block stock. The shares were sold at an average price of $58.46, for a total value of $1,798,755.74.
  • On Wednesday, October 26th, Alyssa Henry sold 30,769 shares of Block stock. The shares were sold at an average price of $59.84, for a total value of $1,841,216.96.

Block Price Performance

Shares of SQ stock opened at $76.16 on Friday. Block, Inc. has a twelve month low of $51.34 and a twelve month high of $149.00. The stock has a market cap of $45.55 billion, a price-to-earnings ratio of -81.89, a PEG ratio of 50.32 and a beta of 2.35. The business’s fifty day moving average is $66.02 and its 200 day moving average is $66.62. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.25.

Block (NYSE:SQGet Rating) last released its earnings results on Thursday, November 3rd. The technology company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.16. Block had a negative return on equity of 2.10% and a negative net margin of 2.97%. The firm had revenue of $4.52 billion for the quarter, compared to analysts’ expectations of $4.48 billion. Research analysts expect that Block, Inc. will post -0.67 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SQ. Barclays dropped their price target on Block from $130.00 to $100.00 and set an “overweight” rating for the company in a research report on Sunday, November 6th. Morgan Stanley dropped their target price on Block from $67.00 to $66.00 and set an “equal weight” rating for the company in a research report on Thursday, December 8th. BMO Capital Markets boosted their target price on Block from $117.00 to $120.00 and gave the stock an “outperform” rating in a research report on Monday, November 7th. Keefe, Bruyette & Woods dropped their target price on Block from $100.00 to $78.00 in a research report on Monday, October 10th. Finally, Wells Fargo & Company dropped their target price on Block from $97.00 to $96.00 and set an “overweight” rating for the company in a research report on Monday, January 9th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and thirty-three have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $113.00.

Institutional Investors Weigh In On Block

A number of institutional investors have recently modified their holdings of SQ. Decatur Capital Management Inc. lifted its holdings in shares of Block by 11.1% during the first quarter. Decatur Capital Management Inc. now owns 3,783 shares of the technology company’s stock valued at $513,000 after purchasing an additional 378 shares in the last quarter. Eudaimonia Partners LLC bought a new position in shares of Block during the first quarter valued at $387,000. NorthCrest Asset Manangement LLC lifted its holdings in shares of Block by 31.1% during the second quarter. NorthCrest Asset Manangement LLC now owns 6,322 shares of the technology company’s stock valued at $389,000 after purchasing an additional 1,500 shares in the last quarter. F M Investments LLC bought a new position in shares of Block during the second quarter valued at $3,221,000. Finally, Crossmark Global Holdings Inc. lifted its holdings in shares of Block by 12.4% during the second quarter. Crossmark Global Holdings Inc. now owns 3,365 shares of the technology company’s stock valued at $207,000 after purchasing an additional 370 shares in the last quarter. 59.49% of the stock is owned by hedge funds and other institutional investors.

Block Company Profile

(Get Rating)

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.

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