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Morningstar (MORN) Insider Makes Significant Share Sale

· 02/04/2021 17:30

10:19 PM EST, 02/04/2021 (MT Newswires) -- There was a substantial sale of shares of Morningstar by an insider today, as revealed in a form 4 document filed with the SEC. One insider -- Joseph D Mansueto, 10% Owner, Director and Officer -- sold 31,297 shares in the company having a market value of approximately $7,499,615. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 340,926 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 372,223 shares and have averaged 186,112 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at Morningstar is above its 21-company peer group average. The Professional Information Services peer group saw 31 buy/sell trades during this period for an average of 1.5 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 0 shares purchased and 10,035,124 shares sold with company insiders selling 323,714 shares on average over this time period.

In determining significant insider buying and selling, 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 obtained to evaluate and write this story.

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.