Block, Inc. (NYSE:SQ) CFO Amrita Ahuja Sells 6,661 Shares

Block, Inc. (NYSE:SQ) CFO Amrita Ahuja sold 6,661 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $91.43, for a total value of $609,015.23. Following the sale, the chief financial officer now directly owns 246,967 shares in the company, valued at approximately $22,580,192.81. This trade represents a 2.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Amrita Ahuja also recently made the following trade(s):

• On Wednesday, October 2nd, Amrita Ahuja sold 5,935 shares of Block stock. The stock was sold at an average price of $65.53, for a total value of $388,920.55.

Block Trading Down 0.3 %

Shares of SQ stock opened at $88.77 on Thursday. The company’s fifty day simple moving average is $75.20 and its two-hundred day simple moving average is $68.47. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.07 and a quick ratio of 2.07. Block, Inc. has a 1 year low of $55.00 and a 1 year high of $94.12. The stock has a market capitalization of $55.02 billion, a price-to-earnings ratio of 49.87, a PEG ratio of 1.22 and a beta of 2.48.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Synovus Financial Corp increased its holdings in shares of Block by 18.6% in the third quarter. Synovus Financial Corp now owns 10,174 shares of the technology company’s stock worth $683,000 after purchasing an additional 1,593 shares during the period. Wilmington Savings Fund Society FSB increased its holdings in shares of Block by 38.1% in the third quarter. Wilmington Savings Fund Society FSB now owns 9,893 shares of the technology company’s stock worth $664,000 after purchasing an additional 2,728 shares during the period. Sanctuary Advisors LLC increased its holdings in shares of Block by 7.5% in the third quarter. Sanctuary Advisors LLC now owns 52,412 shares of the technology company’s stock worth $3,518,000 after purchasing an additional 3,639 shares during the period. Hohimer Wealth Management LLC increased its holdings in shares of Block by 3.8% in the third quarter. Hohimer Wealth Management LLC now owns 15,833 shares of the technology company’s stock worth $1,063,000 after purchasing an additional 580 shares during the period. Finally, TD Private Client Wealth LLC increased its holdings in shares of Block by 15.8% in the third quarter. TD Private Client Wealth LLC now owns 2,066 shares of the technology company’s stock worth $139,000 after purchasing an additional 282 shares during the period. Institutional investors own 70.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SQ. Oppenheimer began coverage on Block in a research report on Tuesday, October 1st. They set a “market perform” rating for the company. William Blair reaffirmed an “outperform” rating on shares of Block in a research report on Friday, November 15th. New Street Research began coverage on Block in a research report on Monday, September 9th. They set a “neutral” rating and a $70.00 target price for the company. Wells Fargo & Company lowered their target price on Block from $95.00 to $85.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. Finally, BNP Paribas lowered Block from an “outperform” rating to a “neutral” rating and set a $88.00 price objective for the company. in a research report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $91.46.

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.