ACT Capital Management LLC is reported to have invested in Block, Inc. (NYSE: SQ) during the third quarter, as indicated by the company’s most recent Form 13F filing with the Securities and Exchange Commission (SEC). The report contains this particular piece of information. The investment fund purchased a total of 6,000 shares in the technology company at approximately $330,000.
Recently, several additional institutional investors have also changed the proportion of their assets allocated to the company. These changes were made in response to recent events. Ronald Blue Trust Inc. made a financial investment of $43,000 in Block during the year’s second quarter. During the third quarter of Block’s fiscal year, Householder Group Estate & Retirement Specialist LLC made a fresh investment in the company for $28,000. During the second quarter of the financial year, Heritage Wealth Management LLC provided Block with an investment of $36,000 in the form of a loan. During the third quarter of the financial year, Block received an investment from Twin Lakes Capital Management LLC for $37,000. During the second quarter of the fiscal year, CoreCap Advisors LLC contributed $44,000 to purchase a new block investment. The company’s stock is held by institutional investors and hedge funds, which account for 59.49% of the total.
On November 16, 30,769 shares of the company’s stock were sold by Alyssa Henry, an employee of the company who was considered an insider in the company. The total amount spent on all of the shares was $2,206,444.99. Most items were sold for an average price of $71.71, which was the highest price. Following the conclusion of the transaction, the company insider now holds a total of 422,617 shares of the company’s stock, which collectively have a value of $30,305,865.07. On the Securities and Exchange Commission’s (SEC) website, you can access the information submitted to the SEC regarding the transaction, which is currently available. Amrita Ahuja, the company’s Chief Financial Officer, recently sold 3,820 shares of company stock on November 2, according to other recent news stories related to this topic. The stock sale resulted in a total revenue of $224,845.20, with an average selling price of $58.86 for each share purchased. As a result of the completion of the transaction, the chief financial officer now directly owns 144,010 shares of the company’s stock. Based on the current stock price, these 144,010 shares are approximately worth $8,476,428.60. If you follow this link, you will be taken to the filing submitted to the Securities and Exchange Commission, where the transaction was discussed, and it will take you there immediately. Alyssa Henry, an employee of the company, sold 30,769 shares of the company’s stock on Wednesday, November 16. The sale of all the stock resulted in total revenue of $2,206,444.99. Most items were sold for an average price of $71.71, which was the highest price. Following the conclusion of the transaction, the company insider now holds a total of 422,617 shares of the company’s stock, which collectively have a value of $30,305,865.07. Disclosures that are related to the sale might be found in this section of the website. Business insiders sold a total of 287,537 shares of stock with a value of $18,053,265 over the past three months. This accounts for 11.52% of the stock’s current ownership.
Several research studies on SQ have been made available to the general public. Piper Sandler reaffirmed an “overweight” rating on shares of Block and set a price objective of $93.00 for the company in a research note published on Tuesday, December 13. Piper Sandler also set a price target of $93.00 for the shares of Block. In a research report released on October 12, 2017, Atlantic Securities rated Block as “overweight” and reduced their price target for the company’s stock from $110.00 to $75.00. The report was published on Wednesday. The report has been made available to the general public by the company. Goldman Sachs Group lowered Block’s price objective from $134.00 to $114.00 in a research report that was published on Friday, November 4. Despite this change, Goldman Sachs Group maintained its “buy” rating for the company. The results of the analysis were published. UBS Group lowered its price ob