Ajmere Dale Sells 1,000 Shares of Block, Inc. (NYSE:SQ) Stock

Block, Inc. (NYSE:SQ) CAO Ajmere Dale sold 1,000 shares of Block stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $80.00, for a total value of $80,000.00. Following the transaction, the chief accounting officer now directly owns 88,791 shares in the company, valued at approximately $7,103,280. This trade represents a 1.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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.
• On Wednesday, August 21st, Ajmere Dale sold 1,406 shares of Block stock. The shares were sold at an average price of $64.70, for a total value of $90,968.20.

Block Stock Down 2.8 %

Shares of Block stock opened at $83.42 on Friday. 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 50 day simple moving average is $70.11 and its 200-day simple moving average is $67.22. The stock has a market capitalization of $51.36 billion, a price-to-earnings ratio of 46.87, a PEG ratio of 1.16 and a beta of 2.48. Block, Inc. has a twelve month low of $55.00 and a twelve month high of $90.00.

Institutional Trading of Block

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. SouthState Corp raised its stake 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 acquiring an additional 180 shares in the last quarter. True Wealth Design LLC raised its stake in Block by 64.7% during the 3rd 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 in the last quarter. LRI Investments LLC bought a new stake in Block during the 1st quarter valued at $34,000. Unique Wealth Strategies LLC bought a new stake in shares of Block in the 2nd quarter worth $34,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Block in the 2nd quarter worth $44,000. 70.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SQ. Keefe, Bruyette & Woods boosted their target price on Block from $71.00 to $80.00 and gave the stock a “market perform” rating in a research report on Friday, November 8th. Morgan Stanley dropped their target price on Block from $60.00 to $55.00 and set an “underweight” rating for the company in a research note on Tuesday, July 30th. BMO Capital Markets dropped their target price on Block from $93.00 to $92.00 and set an “outperform” rating for the company in a research note on Thursday, October 3rd. Piper Sandler restated an “overweight” rating and set a $83.00 price target on shares of Block in a research note on Monday. Finally, Oppenheimer began coverage on Block in a research note on Tuesday, October 1st. They set a “market perform” rating for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $91.30.

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.