Dark
Light

Block Inc’s Chief Accounting Officer, Ajmere Dale, sells 1,525 shares!

1 min read
58 views

TLDR:

Block Inc’s Chief Accounting Officer Ajmere Dale sold 1,525 shares of the company at a stock price of $74.32 per share, resulting in a total sale amount of $113,338. This sale is part of a broader pattern of insider selling for the company. Despite the insider selling, Block Inc is considered modestly undervalued according to the GF Value.

On January 2, 2024, Chief Accounting Officer Ajmere Dale executed a sale of 1,525 shares of Block Inc according to a recent SEC filing. The transaction was carried out at a stock price of $74.32 per share, resulting in a total sale amount of $113,338. Prior to this sale, the insider has sold a total of 6,495 shares of Block Inc in the past year, with no purchases of the stock. The recent sale is part of a broader pattern of insider selling, with 59 insider sells and only 1 insider buy over the last year.

Block Inc, formerly known as Square Inc, is a technology company focused on financial services. They provide tools that enable sellers to accept card payments and offer reporting and analytics, next-day settlement, as well as financial and marketing services.

Block Inc’s shares were trading at $74.32 at the time of the insider’s sale, giving the company a market capitalization of $41.76 billion. The stock’s price-to-GF-Value ratio stands at 0.93, with a GF Value of $80.13. The GF Value is an intrinsic value estimate determined by GuruFocus based on historical trading multiples and future business performance estimates from Morningstar analysts.

While insider transactions can provide insights into a company’s valuation and prospects, this article emphasizes that it does not formulate a recommendation to buy or sell any stock and should not be considered as specific investment guidance. The analysis provided is rooted in historical data and analyst projections and aims to deliver long-term, fundamental data-driven analysis.

Previous Story

Armada Hoffler Tower welcomes Big Four Accounting Firm to Virginia Beach!

Next Story

Telecompaper: Read all about it, the latest tech news!

Latest from News