Significant Insider buy of BlackRock (BLK) Shares Reverses Selling Trend of Last Quarter

Friday, January 19, 2018 10:15 PM ET

Significant Insider buy of BlackRock (BLK) Shares Reverses Selling Trend of Last Quarter

Substantial insider purchase activity was disclosed in BlackRock shares in a form 4 document filed with the SEC today, showing — Deryck C Maughan, Director — bought 3,861 shares in the company having a net market value of approximately $2,214,044. 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 selling of 4,525 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 664 shares and have averaged 2,795 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at BlackRock is above its 31-company peer group average. The Investment Management & Fund Operators peer group saw 41 buy/sell trades during this period for an average of 1.3 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 239,467 shares purchased and 7,416,494 shares sold with company insiders having sold 175,049 shares on average over this time period.

Significant insider buying and selling activity has been determined by eliminating 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 in data obtained in composing and writing 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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