Block, Inc. chief legal officer sells $20,509 in stock

OAKLAND, CA—Esperanza Chrysty, Chief Legal Officer at Block, Inc. (NYSE:XYZ), recently sold shares of the company’s Class A common stock. According to a Form 4 filing with the Securities and Exchange Commission, Chrysty sold 365 shares on April 2 at a price of $56.19 per share, totaling $20,509. The transaction occurred as Block’s stock, which InvestingPro data shows is trading near its 52-week low, maintains a "GOOD" financial health rating with strong liquidity metrics. Following the transaction, Chrysty holds 82,825 shares directly.

The shares were sold to cover tax obligations related to the vesting of restricted stock units, as noted in the filing.

In other recent news, Block Inc. has been the subject of multiple analyst reviews, reflecting varied perspectives on its financial outlook. Bernstein lowered its price target for Block from $100 to $85, maintaining an Outperform rating, and highlighted potential growth drivers such as Gross Payment Volume acceleration and EBITDA growth in 2025. Meanwhile, CLSA upgraded Block’s rating to High-Conviction Outperform, retaining a $112 price target, citing early success in growth initiatives and a strong value proposition during economic hardships. BMO Capital Markets kept its Outperform rating and $89 price target, noting that recent layoffs could lead to significant cost savings and boost operating income by over 10% in 2025. Keefe, Bruyette & Woods also maintained an Outperform rating with an $80 price target, suggesting that workforce reductions might provide Block with increased investment flexibility in sales and marketing. Additionally, KeyBanc Capital Markets adjusted Block’s price target from $115 to $85, maintaining an Overweight rating, due to a softer revenue outlook for small and medium-sized businesses. These developments indicate a range of expectations for Block’s financial performance amid strategic changes and market conditions.

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