Block (NYSE:XYZ) Insider Brian Grassadonia Sells 8,173 Shares

Block, Inc. (NYSE:XYZ) insider Brian Grassadonia sold 8,173 shares of the company’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $82.42, for a total value of $673,618.66. Following the completion of the transaction, the insider directly owned 513,981 shares of the company’s stock, valued at $42,362,314.02. The trade was a 1.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Brian Grassadonia also recently made the following trade(s):

• On Monday, August 3rd, Brian Grassadonia sold 25,908 shares of Block stock. The shares were sold at an average price of $81.64, for a total value of $2,115,129.12.
• On Thursday, July 2nd, Brian Grassadonia sold 43,348 shares of Block stock. The stock was sold at an average price of $80.00, for a total transaction of $3,467,840.00.

Block Trading Down 1.0%

XYZ opened at $81.38 on Tuesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.21 and a quick ratio of 2.21. The firm has a market capitalization of $48.89 billion, a price-to-earnings ratio of 145.31, a price-to-earnings-growth ratio of 0.92 and a beta of 2.53. The company’s 50 day simple moving average is $78.89 and its two-hundred day simple moving average is $69.40. Block, Inc. has a 1-year low of $48.21 and a 1-year high of $86.75.

Block (NYSE:XYZ) last announced its quarterly earnings data on Wednesday, August 5th. The technology company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.54. Block had a return on equity of 8.10% and a net margin of 1.43%.The business had revenue of $6.62 billion during the quarter. During the same period in the prior year, the firm posted $0.62 earnings per share. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. Block has set its FY 2026 guidance at 4.020-4.020 EPS and its Q3 2026 guidance at 1.020-1.020 EPS. Analysts expect that Block, Inc. will post 2.69 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on XYZ shares. Oppenheimer reiterated an “outperform” rating and set a $97.00 target price on shares of Block in a report on Thursday, August 6th. Keefe, Bruyette & Woods boosted their price target on shares of Block from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Clear Str upgraded shares of Block to a “hold” rating in a research note on Thursday, July 16th. Zacks Research cut Block from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 30th. Finally, BTIG Research boosted their price objective on Block from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $95.23.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. California State Teachers Retirement System raised its position in shares of Block by 6,740.0% during the second quarter. California State Teachers Retirement System now owns 54,852,088 shares of the technology company’s stock worth $4,168,759,000 after purchasing an additional 54,050,161 shares during the period. Greenland Capital Management LP acquired a new stake in shares of Block during the second quarter valued at approximately $519,000. Ameritas Advisory Services LLC purchased a new stake in shares of Block in the 2nd quarter valued at approximately $334,000. Wedmont Private Capital boosted its stake in Block by 14.2% in the 2nd quarter. Wedmont Private Capital now owns 8,506 shares of the technology company’s stock worth $658,000 after purchasing an additional 1,058 shares during the period. Finally, HB Wealth Management LLC raised its position in Block by 14.1% during the second quarter. HB Wealth Management LLC now owns 18,238 shares of the technology company’s stock valued at $1,386,000 after buying an additional 2,253 shares during the period. Institutional investors own 70.44% of the company’s stock.

Block Company Profile

Block (NYSE:XYZ) is a financial technology company that builds products and services to facilitate electronic payments, commerce, and consumer finance. Its principal business lines include a seller-focused ecosystem that provides point-of-sale hardware and software, payment processing, invoicing, payroll and lending services, and a consumer-facing platform that offers peer-to-peer payments, banking-like features, and investing. Block’s portfolio also encompasses music streaming and buy-now-pay-later capabilities through businesses acquired to broaden its reach beyond core payments.

The company was founded as Square in 2009 by Jack Dorsey and Jim McKelvey and later rebranded to Block to reflect a diversified set of businesses across payments, consumer finance, and emerging technologies.