Insider Sales at BlackRock (BLK) Extends the Selling Trend of Last Quarter

Wednesday, February 21, 2018 10:15 PM ET

Insider Sales at BlackRock (BLK) Extends the Selling Trend of Last Quarter

Two insiders — J Richard Kushel, Officer, and Ryan Stork, Officer — disposed of 9,136 shares of BlackRock having a market value of approximately $4,961,636, today, as reported in form 4 documents filed with the SEC. There have been 3 insiders with buy/sell transactions in the past 90 days prior to these filings. These trades have resulted in the purchase of 3,861 company shares and the disposition of 8,175 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 13,450 shares and have averaged 4,234 shares per transaction over this time period.

The number of insider buy/sell trades at BlackRock is greater than that of the 31 peer company average over the last 90-day period. The Investment Management & Fund Operators peer group saw 37 buy/sell trades during this period for an average of 1.2 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 47,206 shares purchased and 811,464 shares sold with company insiders disposing of 20,656 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 used to create and write this story.

Today’s Insider Activity
* J Richard Kushel, Officer, sold 2,000 shares
* Ryan Stork, Officer, sold 7,136 shares

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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