Block, Inc. chief accounting officer sells shares worth $177,251

Published 07/01/2025, 09:28 am
XYZ
-

Dale Ajmere, Chief Accounting Officer of Block, Inc. (NYSE:SQ), a $57 billion market cap fintech company, recently sold shares of the company in two separate transactions, according to an SEC filing. According to InvestingPro data, Block's stock has shown strong momentum with a 40% gain over the past six months. On January 2, Ajmere sold 544 shares at a price of $86.52 each, totaling $47,066. Additionally, 1,500 shares were sold at $86.79 each, amounting to $130,185. These sales were conducted under a pre-established Rule 10b5-1 trading plan. Following these transactions, Ajmere holds 83,966 shares directly. The stock currently trades at a P/E ratio of 54, with InvestingPro analysis suggesting the shares may be slightly undervalued. Investors can access detailed valuation metrics and 10+ additional ProTips through the comprehensive Pro Research Report available on InvestingPro.

In other recent news, Block Inc. has reported a 19% increase in gross profit, reaching $2.25 billion, and an improved adjusted free cash flow of $1.5 billion. The company also expects a 14% year-over-year growth for Q4 2024. In terms of strategic partnerships, Block has joined forces with global foodservice distributor Sysco (NYSE:SYY) to offer advanced technology solutions to restaurants worldwide.

Block has also been the subject of several analyst upgrades. Raymond (NS:RYMD) James upgraded Block's stock rating to Outperform, while Bernstein SocGen Group maintained an Outperform rating, citing potential growth from Bitcoin-related endeavors. Monness, Crespi, Hardt shifted its rating from Neutral to Buy, emphasizing robust growth in Cash App's monetization, user base, and inflows.

In the realm of product development, Block introduced a new inheritance feature for its Bitkey bitcoin wallet, simplifying the process of transferring digital assets to beneficiaries after the owner's passing. Looking forward, Block aims to achieve the Rule of 40 by 2026, focusing on mid-teens gross profit growth and a mid-20% adjusted operating income margin. These are the latest developments in Block's strategy for continued growth.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.