Block, Inc. (NYSE:SQ) CAO Ajmere Dale Sells 1,781 Shares

Block, Inc. (NYSE:SQ) CAO Ajmere Dale sold 1,781 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $91.43, for a total value of $162,836.83. Following the transaction, the chief accounting officer now owns 86,010 shares of the company’s stock, valued at $7,863,894.30. The trade was a 2.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Monday, November 11th, Ajmere Dale sold 1,000 shares of Block stock. The shares were sold at an average price of $80.00, for a total transaction of $80,000.00.
• On Tuesday, October 1st, Ajmere Dale sold 500 shares of Block stock. The stock was sold at an average price of $67.00, for a total transaction of $33,500.00.

Block Trading Down 1.6 %

Shares of NYSE:SQ traded down $1.47 during trading on Monday, reaching $90.79. 11,098,508 shares of the company traded hands, compared to its average volume of 8,247,609. The firm has a market capitalization of $56.27 billion, a price-to-earnings ratio of 50.74, a P/E/G ratio of 1.24 and a beta of 2.48. 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 business’s fifty day moving average is $73.83 and its 200-day moving average is $68.07. Block, Inc. has a 52-week low of $55.00 and a 52-week high of $94.12.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Canaccord Genuity Group raised their price objective on shares of Block from $95.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Wells Fargo & Company decreased their price objective on Block from $95.00 to $85.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. BNP Paribas downgraded Block from an “outperform” rating to a “neutral” rating and set a $88.00 target price for the company. in a research note on Wednesday, November 20th. William Blair reiterated an “outperform” rating on shares of Block in a research report on Friday, November 15th. Finally, BMO Capital Markets lowered shares of Block from an “outperform” rating to a “market perform” rating and upped their target price for the stock from $94.00 to $100.00 in a report on Monday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $91.46.

Institutional Trading of Block

A number of institutional investors have recently modified their holdings of the company. Gamco Investors INC. ET AL bought a new stake in Block in the first quarter valued at $248,000. LRI Investments LLC bought a new stake in shares of Block during the 1st quarter valued at about $63,000. SVB Wealth LLC increased its position in shares of Block by 5.6% during the first quarter. SVB Wealth LLC now owns 4,960 shares of the technology company’s stock valued at $420,000 after buying an additional 261 shares during the period. Interval Partners LP raised its stake in Block by 2,957.1% in the first quarter. Interval Partners LP now owns 10,000 shares of the technology company’s stock worth $846,000 after buying an additional 10,350 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. lifted its holdings 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 worth $1,169,000 after buying an additional 1,132 shares during the period. 70.44% of the stock is currently owned by hedge funds and other institutional investors.

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.