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Block, Inc. (NYSE:SQ - Get Rating) insider Alyssa Henry sold 30,769 shares of Block stock in a transaction dated Wednesday, August 24th. The stock was sold at an average price of $72.09, for a total value of $2,218,137.21. Following the completion of the transaction, the insider now directly owns 428,058 shares of the company's stock, valued at $30,858,701.22. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Alyssa Henry also recently made the following trade(s): On Wednesday, August 17th, Alyssa Henry sold 30,769 shares of Block stock. The shares were sold at an average price of $83.20, for a total value of $2,559,980.80. On Wednesday, August 10th, Alyssa Henry sold 30,769 shares of Block stock. The shares were sold at an average price of $86.18, for a total value of $2,651,672.42. On Wednesday, August 3rd, Alyssa Henry sold 30,769 shares of Block stock. The stock was sold at an average price of $81.88, for a total value of $2,519,365.72. On Wednesday, July 27th, Alyssa Henry sold 30,770 shares of Block stock. The stock was sold at an average price of $68.47, for a total value of $2,106,821.90. On Wednesday, July 20th, Alyssa Henry sold 30,770 shares of Block stock. The stock was sold at an average price of $71.26, for a total value of $2,192,670.20. On Wednesday, July 13th, Alyssa Henry sold 30,770 shares of Block stock. The stock was sold at an average price of $62.22, for a total value of $1,914,509.40. On Tuesday, July 5th, Alyssa Henry sold 5,485 shares of Block stock. The stock was sold at an average price of $62.63, for a total transaction of $343,525.55. On Wednesday, June 29th, Alyssa Henry sold 30,770 shares of Block stock. The stock was sold at an average price of $63.47, for a total transaction of $1,952,971.90. On Wednesday, June 22nd, Alyssa Henry sold 30,770 shares of Block stock. The stock was sold at an average price of $60.14, for a total transaction of $1,850,507.80. On Wednesday, June 15th, Alyssa Henry sold 30,770 shares of Block stock. The stock was sold at an average price of $62.60, for a total transaction of $1,926,202.00. Block Price Performance

Block stock traded down $5.76 during mid-day trading on Friday, hitting $68.87. The stock had a trading volume of 13,663,534 shares, compared to its average volume of 18,687,779. Block, Inc. has a one year low of $56.01 and a one year high of $276.14. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $39.95 billion, a P/E ratio of -75.78 and a beta of 2.45. The firm's 50 day moving average is $72.42 and its 200 day moving average is $93.51.

Block (NYSE:SQ - Get Rating) last issued its quarterly earnings results on Thursday, August 4th. The technology company reported $0.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.17 by $0.01. Block had a negative return on equity of 2.52% and a negative net margin of 3.00%. The business had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.33 billion. During the same quarter in the prior year, the business posted $0.38 EPS. Block's revenue for the quarter was down 5.8% compared to the same quarter last year. On average, sell-side analysts forecast that Block, Inc. will post -0.72 earnings per share for the current fiscal year. Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on SQ shares. Oppenheimer decreased their price target on shares of Block from $150.00 to $112.00 and set an "outperform" rating on the stock in a report on Monday, July 25th. Macquarie lowered shares of Block from an "outperform" rating to a "neutral" rating and cut their target price for the stock from $140.00 to $64.00 in a research report on Tuesday, July 19th. KeyCorp cut their price target on shares of Block from $180.00 to $80.00 and set an "overweight" rating for the company in a research report on Thursday, July 7th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Block from $180.00 to $155.00 in a research note on Monday, May 23rd. Finally, Barclays decreased their price target on shares of Block from $150.00 to $130.00 and set an "overweight" rating for the company in a research note on Monday, August 8th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirty-five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $152.34.Institutional Investors Weigh In On Block

A number of institutional investors have recently bought and sold shares of SQ. Arlington Partners LLC grew its position in shares of Block by 200.0% during the first quarter. Arlington Partners LLC now owns 234 shares of the technology company's stock valued at $32,000 after purchasing an additional 156 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new position in shares of Block during the fourth quarter valued at about $36,000. Heritage Wealth Management LLC purchased a new position in Block in the second quarter worth about $36,000. Thompson Siegel & Walmsley LLC purchased a new position in Block in the first quarter worth about $41,000. Finally, Ronald Blue Trust Inc. purchased a new position in Block in the second quarter worth about $43,000. Hedge funds and other institutional investors own 54.56% of the company's stock. About Block (Get Rating)

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.Further ReadingGet a free copy of the StockNews.com research report on Block (SQ)Institutional Buying Put A Bottom In Marvell Technology Dell Stock Retreats On Weaker Sales, Falls Into Value Terrirtory3 Reasons Dollar General’s Rally Has LegsSalesforce Stock Could Have Long Term Potential After EarningsShould AbbVie Inc. Have a Place in Your Dividend Portfolio? 

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