Block, Inc. (NYSE:SQ) CAO Ajmere Dale Sells 2,044 Shares

Block, Inc. (NYSE:SQ) CAO Ajmere Dale sold 2,044 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $86.72, for a total transaction of $177,255.68. Following the sale, the chief accounting officer now 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 sale was disclosed in a legal filing with the SEC, which is available at 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 stock was 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 value of $80,000.00.

Block Stock Down 1.2 %

Shares of NYSE:SQ opened at $86.61 on Thursday. The company has a market cap of $53.68 billion, a price-to-earnings ratio of 48.66, a PEG ratio of 1.23 and a beta of 2.51. Block, Inc. has a 12 month low of $55.00 and a 12 month high of $99.26. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.26. The company has a 50-day moving average price of $88.11 and a 200 day moving average price of $73.74.

Institutional Investors Weigh In On Block

Several institutional investors have recently modified their holdings of the stock. SouthState Corp raised its holdings in Block by 85.3% during the 3rd quarter. SouthState Corp now owns 391 shares of the technology company’s stock valued at $26,000 after buying an additional 180 shares during the period. Versant Capital Management Inc increased its position in Block by 67.7% during 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. True Wealth Design LLC raised its stake in shares of Block by 64.7% in the third quarter. True Wealth Design LLC now owns 494 shares of the technology company’s stock valued at $33,000 after acquiring an additional 194 shares during the period. V Square Quantitative Management LLC bought a new stake in shares of Block in the 3rd quarter worth about $46,000. Finally, Future Financial Wealth Managment LLC bought a new stake in shares of Block in the 3rd quarter worth about $57,000. 70.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

SQ has been the subject of several research reports. Raymond James raised shares of Block from a “market perform” rating to an “outperform” rating and set a $115.00 price target for the company in a research report on Friday, January 3rd. BNP Paribas downgraded shares of Block from an “outperform” rating to a “neutral” rating and set a $88.00 price target on the stock. in a research report on Wednesday, November 20th. Royal Bank of Canada reiterated an “outperform” rating and set a $88.00 price target on shares of Block in a research note on Monday, October 21st. Monness Crespi & Hardt upgraded Block from a “neutral” rating to a “buy” rating and set a $115.00 target price on the stock in a research report on Friday, December 13th. Finally, Barclays boosted their price target on Block from $100.00 to $112.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. One analyst has rated the stock with a sell rating, five have given a hold rating and twenty-seven have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $96.77.

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.