Insider Trends: BlackRock Insider Disposition Interrupting 90-Day Buy Trend
07:11 PM EST, 02/04/2021 (MT Newswires) -- On Feb 02, 2021, Laurence Fink, Director and Chairman & CEO, reported a sale of 27,400 shares in BlackRock (BLK) for $19,968,229. Fink, following the transactions delineated in the Form 4 SEC filing, owns 764,739 shares of the company, which have a market value of $554 million as of the prior-day closing price.
In the 90 days prior to the date of this filing, there have been 48 insider transactions reported to the SEC for BlackRock. These transactions came from the activities of 23 different insiders that resulted in a net acquisition of 35,740 company shares. Relative to the preceding 90-day window of time, there were 17 transactions from 12 insiders which resulted in the net disposition of 45,515 shares.
This level of insider transactions is below that of the peer group average in the 38-company Investment Management & Fund Operators peer group over the last 90-day period. Activity in the peer group averaged 102.1 transactions per company, and disposition of 35,044 shares on average.
SEC Story Link http://www.sec.gov/Archives/edgar/data/1364742/000112760221004070/xslF345X03/form4.xml
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