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

Block, Inc. (NYSE:SQ) CAO Ajmere Dale sold 1,781 shares of Block stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $91.43, for a total transaction of $162,836.83. Following the completion of the transaction, the chief accounting officer now owns 86,010 shares in the company, valued at approximately $7,863,894.30. This represents a 2.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available 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 value of $80,000.00.
• On Tuesday, October 1st, Ajmere Dale sold 500 shares of Block stock. The shares were sold at an average price of $67.00, for a total value of $33,500.00.

Block Trading Down 1.9 %

Shares of SQ stock opened at $89.04 on Wednesday. Block, Inc. has a twelve month low of $55.00 and a twelve month high of $94.12. The company has a market capitalization of $55.19 billion, a price-to-earnings ratio of 50.02, a PEG ratio of 1.24 and a beta of 2.48. The firm has a 50-day moving average price of $74.76 and a 200 day moving average price of $68.32. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.26.

Hedge Funds Weigh In On Block

Institutional investors have recently modified their holdings of the company. Yoder Wealth Management Inc. increased its stake in Block by 0.4% in the third quarter. Yoder Wealth Management Inc. now owns 39,688 shares of the technology company’s stock valued at $2,664,000 after purchasing an additional 145 shares during the last quarter. Nations Financial Group Inc. IA ADV increased its stake in shares of Block by 1.9% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 7,744 shares of the technology company’s stock valued at $520,000 after acquiring an additional 145 shares during the last quarter. Moser Wealth Advisors LLC lifted its holdings in shares of Block by 2.5% during the 3rd quarter. Moser Wealth Advisors LLC now owns 6,265 shares of the technology company’s stock worth $421,000 after acquiring an additional 153 shares during the period. Lindbrook Capital LLC boosted its position in shares of Block by 6.3% in the third quarter. Lindbrook Capital LLC now owns 2,592 shares of the technology company’s stock worth $174,000 after acquiring an additional 154 shares during the last quarter. Finally, Larson Financial Group LLC grew its holdings in Block by 14.8% in the third quarter. Larson Financial Group LLC now owns 1,192 shares of the technology company’s stock valued at $80,000 after purchasing an additional 154 shares during the period. Institutional investors and hedge funds own 70.44% of the company’s stock.

Analysts Set New Price Targets

SQ has been the subject of several recent research reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $88.00 price target on shares of Block in a report on Monday, October 21st. BMO Capital Markets downgraded shares of Block from an “outperform” rating to a “market perform” rating and lifted their target price for the company from $94.00 to $100.00 in a report on Monday. Wells Fargo & Company dropped their price target on shares of 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 shares of 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. Finally, Piper Sandler reissued an “overweight” rating and set a $83.00 target price on shares of Block in a research note on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have issued 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 price target of $91.46.

Block Company Profile

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.