Tuesday, September 05, 2017 10:15 PM ET
Insider Sale at BlackRock (BLK) Continues Selling Trend
One BlackRock insider — Robert W Fairbairn, Officer — today, sold 3,675 shares having a market value of approximately $1,526,264, as revealed in a form 4 document filed with the SEC. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 772 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 4,447 shares and have averaged 2,224 shares per transaction over this time period.
The number of insider buy/sell trades at BlackRock is above that of the 31 peer company average over the last 90-day period. The Investment Management & Fund Operators peer group saw 42 buy/sell trades during this period for an average of 1.4 transactions per company. However, the number of shares traded per transaction by BlackRock insiders is lower than its peers. Within the peer group there were 1,184,670 shares purchased and 14,575,628 shares sold with company insiders having sold 318,832 shares on average over this time period.
The data sourced in creating and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.
Using proprietary artificial intelligence methods, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.
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