Block CFO Ahuja sells $93k in class A common stock

Published 07/07/2025, 22:22
Block CFO Ahuja sells $93k in class A common stock

Block (NYSE:XYZ), the $42 billion financial services company, Chief Financial Officer Amrita Ahuja sold 1,351 shares of Class A Common Stock on July 2, 2025, at a price of $69.26, for a total transaction value of $93,570. According to InvestingPro analysis, Block currently appears undervalued, with strong financial health indicators and a current ratio of 2.27.

Following the transaction, Ahuja directly owns 324,755 shares of Block’s Class A Common Stock. The sale was executed to cover income tax withholding obligations related to the vesting of restricted stock units. InvestingPro subscribers can access 8 additional key insights about Block’s financial position and detailed insider trading patterns through the comprehensive Pro Research Report, one of 1,400+ available for top US stocks.

In other recent news, Square has introduced its new Square Handheld point-of-sale device to the UK market, designed to assist food and beverage businesses with both counter and floor service. The device includes features such as offline payment capabilities, a barcode scanner, and integration with reservation systems like ResDiary and OpenTable. In Canada, Square has expanded its partnership with Live Nation Canada, becoming the exclusive point of sale and payment processor at major concert venues and festivals, including the new Rogers Stadium. Square’s technology will support food, beverage, and merchandise transactions at these venues. In the United States, Square has launched Square AI in open beta, offering sellers data insights directly through the Square Dashboard, with capabilities expected to expand throughout the year. UBS analysts have maintained a Buy rating for Block, Square’s parent company, with a price target of $70, citing confidence in the company’s evolving product ecosystem. Additionally, Jefferies analysts have raised their price target for Block to $75, maintaining a Buy rating, following an analysis of the company’s strategic hiring in sales roles.

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