Intel stock extends gains after report of possible U.S. government stake
Prasanna Dhananjay, Technology + Engineering Lead at Block, Inc. (NYSE:XYZ), sold 400 shares of Class A Common Stock on August 8, 2025, at a price of $81.99, for a total value of $32796. The sale occurred above the current trading price of $74.54, with Block maintaining a market capitalization of $45.4 billion. According to InvestingPro analysis, the company shows strong fundamentals with a "GOOD" Financial Health score and a perfect Piotroski Score of 9.
The transaction was disclosed in a Form 4 filing with the Securities and Exchange Commission. Following the sale, Prasanna directly owns 298751 shares of Block, Inc. InvestingPro subscribers have access to 10+ additional exclusive insights about Block’s financial health and market position through the comprehensive Pro Research Report.
The sale was executed under a Rule 10b5-1 trading plan adopted on February 25, 2025. The filing was signed by Susan Szotek, Attorney-in-Fact, on August 12, 2025.
In other recent news, Block Inc. has captured attention with its latest financial performance and subsequent analyst reactions. The company’s quarterly earnings surpassed market expectations, prompting several research firms to adjust their price targets. Macquarie raised its price target to $67, noting the earnings beat despite a Bitcoin-driven revenue miss. In response to Block’s updated financial guidance, Argus increased its price target from $59 to $84, highlighting a forecasted 14% gross profit growth and improved operating income projections. Bernstein SocGen Group and Keefe, Bruyette & Woods both raised their price targets to $95, citing strong earnings results and a positive outlook. TD Cowen also adjusted its price target to $95, commending the broad-based bounceback in Block’s second-quarter performance. The firm emphasized the reacceleration of Cash App gross profit, driven by services like Borrow, Buy Now Pay Later, and Cash Card. These developments reflect a growing confidence among analysts in Block’s financial trajectory.
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