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

Block, Inc. (NYSE:SQ – Get Rating) insider Alyssa Henry sold 30,769 shares of the business’s stock in a transaction dated Wednesday, March 15th. The shares were sold at an average price of $72.55, for a total value of $2,232,290.95. Following the completion of the sale, the insider now owns 418,667 shares in the company, valued at $30,374,290.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Wednesday, March 8th, Alyssa Henry sold 30,769 shares of Block stock. The shares were sold at an average price of $77.30, for a total value of $2,378,443.70.
• On Wednesday, February 22nd, Alyssa Henry sold 30,769 shares of Block stock. The shares were sold at an average price of $73.04, for a total value of $2,247,367.76.
• On Wednesday, February 8th, Alyssa Henry sold 30,769 shares of Block stock. The shares were sold at an average price of $82.74, for a total value of $2,545,827.06.
• On Wednesday, January 25th, Alyssa Henry sold 30,769 shares of Block stock. The shares were sold at an average price of $77.29, for a total value of $2,378,136.01.
• On Wednesday, January 18th, Alyssa Henry sold 30,769 shares of Block stock. The shares were sold at an average price of $75.29, for a total value of $2,316,598.01.
• On Wednesday, January 11th, Alyssa Henry sold 30,769 shares of Block stock. The stock was 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 stock was sold at an average price of $59.49, for a total value of $1,830,447.81.

Block Trading Down 1.5 %

Shares of SQ stock opened at $73.98 on Friday. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.24. The stock has a market cap of $44.54 billion, a P/E ratio of -77.87 and a beta of 2.35. The stock has a 50 day simple moving average of $76.88 and a 200 day simple moving average of $67.52. Block, Inc. has a 1 year low of $51.34 and a 1 year high of $149.00.

Block (NYSE:SQ – Get Rating) last issued its quarterly earnings results on Thursday, February 23rd. The technology company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.07). The company had revenue of $4.65 billion during the quarter, compared to the consensus estimate of $4.53 billion. Block had a negative net margin of 3.11% and a negative return on equity of 2.28%. On average, research analysts predict that Block, Inc. will post -0.04 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Block

Several institutional investors have recently made changes to their positions in the stock. Fisher Asset Management LLC lifted its stake in Block by 148.7% during the fourth quarter. Fisher Asset Management LLC now owns 11,359,972 shares of the technology company’s stock worth $713,861,000 after purchasing an additional 6,791,842 shares during the last quarter. Norges Bank bought a new stake in Block during the fourth quarter worth $353,954,000. Tiger Global Management LLC lifted its stake in Block by 299.9% during the third quarter. Tiger Global Management LLC now owns 3,799,271 shares of the technology company’s stock worth $208,922,000 after purchasing an additional 2,849,243 shares during the last quarter. Renaissance Technologies LLC bought a new stake in Block during the second quarter worth $157,768,000. Finally, Echo Street Capital Management LLC lifted its stake in Block by 133.3% during the fourth quarter. Echo Street Capital Management LLC now owns 2,353,238 shares of the technology company’s stock worth $147,877,000 after purchasing an additional 1,344,567 shares during the last quarter. 59.49% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on SQ shares. Mizuho upgraded Block from a “neutral” rating to a “buy” rating and upped their target price for the stock from $80.00 to $93.00 in a report on Thursday. Robert W. Baird upped their target price on Block from $85.00 to $92.00 and gave the stock an “outperform” rating in a report on Friday, February 24th. Wells Fargo & Company upped their target price on Block from $105.00 to $108.00 and gave the stock an “overweight” rating in a report on Wednesday, March 8th. Barclays upped their target price on Block from $100.00 to $103.00 and gave the stock an “overweight” rating in a report on Monday, January 23rd. Finally, Oppenheimer downgraded Block from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 25th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $107.62.

About Block

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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.