S&P 500 climbs to record high as in-line inflation data point to Fed rate cut
Block NASDAQ:XYZ Ecosystem Lead Brian Grassadonia sold 9,760 shares of Block, Inc. on September 2, 2025, at a price of $76.24, for a total of $744,102. The transaction occurred near the current trading price of $75.75 in the $46 billion market cap fintech company, which has seen its shares surge over 27% in the past six months.
Following the transaction, Grassadonia directly owns 574,062 shares of Block, Inc. The sale was executed under a Rule 10b5-1 trading plan adopted on June 2, 2025. According to InvestingPro analysis, Block currently appears undervalued, with 12 additional exclusive insights available to subscribers through comprehensive Pro Research Reports.
In other recent news, Block Inc. reported a 14% increase in gross profit for the second quarter, up from 9% in the previous quarter, driven largely by its lending business. This segment now accounts for about 22% of Block’s gross profit and contributed over 50% to the gross profit growth during the quarter, as highlighted by Bernstein SocGen Group. Analysts from Keefe, Bruyette & Woods reiterated an Outperform rating on Block, citing confidence in the company’s growth trajectory for the remainder of the year, with potential upside if economic conditions remain stable.
Jefferies, while maintaining a Buy rating, adjusted its price target for Block to $90, reflecting cautious investor sentiment despite positive momentum in Square’s U.S. gross payment volume. Meanwhile, Truist Securities increased its price target for Block to $70, attributing the adjustment to the growth of Cash App Borrow, a short-term consumer financing product that has accelerated the company’s top-line growth. Bernstein SocGen Group also reiterated an Outperform rating, emphasizing the importance of Block’s lending business as a key growth driver. These developments indicate a varied outlook among analysts, with some expressing optimism about Block’s future performance.
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