Block CFO & COO Amrita Ahuja sells $770,160 in shares

Amrita Ahuja, CFO and COO of Block Inc., divested 8,971 shares of the company's Class A Common Stock on August 5, 2026. The shares were exchanged for approximately $770,160, as each share was sold at $85.85. Since the transaction, Block's stock has dipped to $82.88, yet it has still risen 63% over the last six months. The sale was part of a prearranged trading plan known as Rule 10b5-1, adopted by Ahuja on March 2, 2026.

Following the sale, Ahuja still owns 454,275 shares of Block Class A Common Stock. According to InvestingPro analysis, Block appears to be undervalued at its current valuation based on its Fair Value assessment. The platform provides 11 additional ProTips for XYZ, along with full Pro Research Reports for over 1,400 US stocks, offering actionable insights.

Recently, Block Inc. reported impressive Q2 2026 financial results, with adjusted earnings of $1.02 per share, far surpassing the previous year's $0.62 and beating the estimated $0.87. In response to these strong earnings, Block raised its fiscal year 2026 guidance, meeting or exceeding projections in gross profit, adjusted operating income, and earnings per share in both the third quarter and full year.

Analysts have welcomed these developments, with Argus raising its price target to $103, citing increased payment volumes and revised guidance. UBS also raised its target to $98, anticipating a 15% year-over-year growth in adjusted gross profit, primarily due to the Square and Cash App ecosystems. Needham set a new price target of $100, acknowledging Block's strong performance across various financial metrics.

BMO Capital adjusted its target to $85, recognizing a shift from cost-cutting to growth opportunities, while Cantor Fitzgerald raised its target to $95, expressing optimism about Block's potential to surpass second-quarter expectations due to stable consumer spending and product innovation.