Morningstar (MORN) Insider Makes Significant Share Sale

Tuesday, October 31, 2017 10:15 PM ET

Morningstar (MORN) Insider Makes Significant Share Sale

There was a significant sale of shares of Morningstar by an insider today, as disclosed in a form 4 document filed with the SEC. One insider — Jack Noonan, Director — disposed of 20,000 shares in the company having a market value of approximately $1,709,284. There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 3,000 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 23,000 shares and have averaged 7,667 shares per transaction over this time period.

The number of insider buy/sell trades at Morningstar is greater than that of the 20 peer company average over the last 90-day period. The Professional Information Services peer group saw 23 buy/sell trades during this period for an average of 1.2 transactions per company. However, the number of shares traded per transaction by Morningstar insiders is lower than its peers. Within the peer group there were 49,500 shares purchased and 580,962 shares sold with company insiders selling 23,107 shares on average over this time period.

For the purpose of evaluating significant insider buying and selling all trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data sourced to compose and write this story.

Using proprietary Natural Language Generation (NLG) technology, 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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