Block business lead Owen Jennings sells $154k in stock

Business Lead Owen Jennings of Block, Inc. sold 1,901 shares of the company's Class A Common Stock for approximately $154,052 over two transactions last week. Shares of Block have risen 57% over the past six months and 25% year-to-date, currently trading at $81.38. On August 21, Jennings sold 584 shares at $80.04 per share, followed by another sale of 1,317 shares on August 24 at $81.48 per share.

These transactions were carried out according to a Rule 10b5-1 trading plan initiated on September 2, 2025. Block's stock remains undervalued relative to its Fair Value, according to InvestingPro analysis, with 10 additional ProTips available to subscribers. Separately, Block withheld 17,633 shares on August 20, 2026, valued at $1,412,050 to meet tax obligations, which does not represent a sale by Jennings.

Jennings now owns 460,128 shares of Block, Inc. Class A Common Stock. Block Inc. has garnered attention from analysts post-robust second-quarter performance, with Argus raising its price target to $103 and UBS increasing it to $98, citing strong payment volumes and guidance. Needham also increased its target to $100.