Block, Inc. (NYSE:SQ – Get Free Report) insider Brian Grassadonia sold 8,328 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $91.18, for a total transaction of $759,347.04. Following the completion of the transaction, the insider now directly owns 563,894 shares of the company’s stock, valued at approximately $51,415,854.92. The trade was a 1.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Brian Grassadonia also recently made the following trade(s):
- On Wednesday, October 2nd, Brian Grassadonia sold 1,884 shares of Block stock. The stock was sold at an average price of $65.41, for a total value of $123,232.44.
Block Trading Down 1.9 %
NYSE SQ opened at $89.04 on Wednesday. The stock has a market cap of $55.19 billion, a P/E ratio of 50.02, a price-to-earnings-growth ratio of 1.24 and a beta of 2.48. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.07 and a current ratio of 2.07. Block, Inc. has a fifty-two week low of $55.00 and a fifty-two week high of $94.12. The stock has a 50 day simple moving average of $74.76 and a two-hundred day simple moving average of $68.32.
Wall Street Analyst Weigh In
View Our Latest Report on Block
Hedge Funds Weigh In On Block
Several large investors have recently made changes to their positions in SQ. SouthState Corp increased its position 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 buying an additional 180 shares in the last quarter. True Wealth Design LLC increased its holdings in shares of Block by 64.7% during the third 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 purchased a new position in shares of Block in the 1st quarter worth about $34,000. Unique Wealth Strategies LLC purchased a new stake in Block during the 2nd quarter valued at about $34,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in Block during the 2nd quarter valued at about $44,000. 70.44% of the stock is currently owned by hedge funds and other institutional investors.
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.
See Also
- Five stocks we like better than Block
- 10 Best Airline Stocks to Buy
- Cerence Up 155% in 2 Days: SoundHound AI’s Fierce Competitor
- Stock Ratings and Recommendations: Understanding Analyst Ratings
- Why Warren Buffett Is Selling: A Look at His Latest Market Moves
- Industrial Products Stocks Investing
- Why Amazon Shares May Never Trade Below $200 Again
Receive News & Ratings for Block Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Block and related companies with MarketBeat.com's FREE daily email newsletter.