Insider Selling at BlackRock (BLK) Continues with Significant Sale

Tuesday, February 13, 2018 10:15 PM ET

Insider Selling at BlackRock (BLK) Continues with Significant Sale

An insider — Jeff A Smith, Officer — sold 2,500 shares of BlackRock having a market value of approximately $1,317,325 today, as revealed in a form 4 document filed with the SEC. There have been 3 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the purchase of 3,861 company shares and the disposition of 5,775 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 4,414 shares and have averaged 3,034 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at BlackRock is greater than its 31-company peer group average. The Investment Management & Fund Operators peer group saw 34 buy/sell trades during this period for an average of 1.1 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 230,608 shares purchased and 1,414,940 shares sold with company insiders having sold 34,833 shares on average over this time period.

To bring into focus significant insider buying and selling activity, 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 has been eliminated in data obtained 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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