Trump announces trade deal with EU following months of negotiations
Amrita Ahuja, Chief Financial Officer and Chief Operating Officer at Block, Inc. (NYSE:SQ), sold 16,358 shares of Class A Common Stock on July 21, 2025, for $78.60, totaling $1.28 million. The transaction comes as Block, a $48.6 billion market cap fintech company, has seen its stock surge 15.46% in the past week. According to InvestingPro analysis, the stock appears slightly undervalued at current levels.
Following the transaction, Ahuja directly owns 308,397 shares of Block, Inc. The sale was executed under a Rule 10b5-1 trading plan adopted on February 25, 2025. InvestingPro subscribers can access detailed insider trading patterns and 11 additional key insights about Block’s financial health and market position.
In other recent news, Block Inc. is set to join the S&P 500 index, replacing Hess Corp (NYSE:HES) following its acquisition by Chevron Corp. (NYSE:CVX) This inclusion will take effect before trading begins on July 23. Analysts at Bernstein and JPMorgan have both raised their price targets for Block to $90, citing the company’s upcoming addition to the S&P 500 as a significant factor. Bernstein maintains an Outperform rating on Block, while JPMorgan keeps an Overweight rating. The inclusion in the index is expected to attract increased interest from long-only investors. Additionally, Cash App, a part of Block Inc., has partnered with actor Timothée Chalamet in a new advertising campaign. This marks Chalamet’s first collaboration with a financial services platform, with a commercial currently airing in U.S. theaters. These developments highlight Block’s growing presence in both the financial and consumer sectors.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.