On December 20, 2023, Amrita Ahuja, the CFO & COO of Block Inc (SQ, Financial), sold 3,787 shares of the company's stock, according to a SEC Filing. The transaction was executed with the shares priced at $77.81 each, resulting in a total sale amount of $294,676.47.
Block Inc, formerly known as Square, Inc., is a technology company with a focus on financial services. It provides tools that enable sellers to accept card payments and provides reporting and analytics, and next-day settlement. Block Inc also offers financial and marketing services.
Over the past year, the insider has sold a total of 55,901 shares of Block Inc and has not made any purchases of the stock. The insider transaction history for Block Inc shows a pattern of more frequent selling than buying among insiders, with a total of 63 insider sells and only 1 insider buy over the past year.
On the valuation front, Block Inc's shares were trading at $77.81 on the day of the insider's recent sale, giving the company a market capitalization of $47.37 billion. The stock's price-to-GF-Value ratio stands at 0.95, indicating that the stock is Fairly Valued when compared to the GF Value of $81.93.
The GF Value is a proprietary intrinsic value estimate from GuruFocus, which is determined by considering historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on the company's historical returns and growth, and future business performance estimates from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
