Key insights
- Block, Inc. director Anthony Mathew Eisen sold over $11.3 million in shares between June 1-3, 2026, pursuant to a pre-arranged trading plan. While the sales were planned, the significant value and the fact that the stock is currently trading below the sale prices could be perceived negatively by the market. This comes amidst positive analyst sentiment, with Raymond James and Canaccord Genuity raising price targets due to strong performance in Cash App, suggesting a potential divergence between insider actions and fundamental outlook.
Anthony Mathew Eisen, a director at Block, Inc. (XYZ), sold a total of 147,750 shares of Class A Common Stock across several transactions between June 1 and June 3, 2026. The sales amounted to approximately $11,321,793, with prices ranging from $72.82 to $77.13 per share.
On June 1, Mr. Eisen disposed of 48,471 shares at a weighted average price of $76.23 per share. These shares were sold in multiple transactions at prices ranging from $75.59 to $76.58. On the same day, he sold an additional 87,279 shares at a weighted average price of $77.13 per share, with individual transaction prices ranging from $76.59 to $77.50.
Further sales occurred on June 2, when 6,000 shares were sold at $76.35 each, and on June 3, when another 6,000 shares were sold at $72.82 per share.
These transactions were carried out pursuant to a Rule 10b5-1 trading plan that Mr. Eisen adopted on March 2, 2026. Following these sales, Mr. Eisen directly holds 2,020,990 shares of Block, Inc. Class A Common Stock.The stock currently trades at $69.80, below Mr. Eisen’s sale prices, with a market capitalization of $41.61 billion. According to InvestingPro analysis, Block appears undervalued relative to its Fair Value, landing on the platform’s Most Undervalued list. Investors can access comprehensive analysis through Block’s Pro Research Report, one of 1,400+ available for US equities on InvestingPro.
In other recent news, Block Inc. has been the focus of several analyst revisions and company developments. Raymond James increased its price target for Block to $90, maintaining an Outperform rating, following the company’s first-quarter results that exceeded expectations on both adjusted operating profit and gross profit. Cash App was a significant contributor, with a 39% growth in gross profit, outperforming Street expectations by 7%. Similarly, Canaccord Genuity raised its price target to $85, citing a 38% gross profit growth in Cash App and increased monetization in payment volume and financial services.
Truist Securities also adjusted its price target to $82, noting an optimistic profit outlook driven by both Square and Cash App segments. Bernstein reiterated its Outperform rating with a $85 price target, highlighting Block’s consistent performance over four quarters and projecting substantial EPS and gross profit growth by the end of 2026. In other company news, Square introduced a new drive-thru solution aimed at enhancing order processing for quick-service restaurants. This solution was developed in collaboration with The Howard Company and Nanonation, integrating order capture, kitchen operations, and customer handoff.
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