Robinhood shares gain on Q2 beat, as user and crypto growth accelerate
Prasanna Dhananjay, the Technology and Engineering Lead at Block, Inc. (NYSE:XYZ), a $39.36 billion market cap company with a "GOOD" InvestingPro Financial Health rating, recently sold 2,800 shares of the company’s Class A Common Stock. The transaction, dated June 2, 2025, was executed at a price of $60.56 per share, resulting in a total sale value of $169,568. Following this transaction, Dhananjay holds 315,951 shares directly. The stock, currently trading at $63.86, has shown strong return over the last month according to InvestingPro data. The sale was conducted under a Rule 10b5-1 trading plan adopted earlier this year on February 25, 2025. For comprehensive insider trading analysis and 10+ additional ProTips about XYZ, including detailed valuation metrics, visit InvestingPro.
In other recent news, several analysts have updated their outlook on Block Inc. Jefferies raised its price target for Block to $75, maintaining a Buy rating, highlighting the company’s strategic hiring in sales roles to expand market reach. Similarly, Evercore ISI upgraded Block’s stock rating to Outperform from In Line, raising the price target to $75, citing moderated concerns about Cash App lending and promising product releases. Raymond (NSE:RYMD) James also increased the price target to $79, maintaining an Outperform rating, based on positive projections for Cash App Borrow’s contribution to gross profit growth.
UBS maintained a Buy rating with a $70 price target, expressing confidence in Block’s evolving product ecosystem, including Cash App Pay and Cash App Borrow. In contrast, Truist Securities initiated coverage with a Sell rating and a $60 price target, expressing concerns over Block’s sensitivity to macroeconomic conditions and potential credit losses from its lending products. These recent developments reflect diverse analyst perspectives on Block’s growth prospects and financial strategies.
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