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Insider Trends: Insider Sale at BlackRock Slowing 90-Days of Buying

· 02/05/2021 15:02

07:47 PM EST, 02/05/2021 (MT Newswires) -- J Richard Kushel, Senior Managing Director, sold 6,055 shares in BlackRock (BLK) on Feb 05, 2021, for $4,402,818. Subsequent to the Form 4 filing with the SEC, Kushel has control over 152,918 shares of company stock of which 73,465 shares are held directly and 79,453 are controlled indirectly. These holdings have an approximate market value of $112.0 million as of the prior-day closing price.

During the most recent 90-day period, previous to the date of this filing, there have been 49 insider transactions reported to the SEC for BlackRock. These transactions came from the activities of 23 separate insiders that resulted in a net acquisition of 8,340 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 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. Peer group activity averaged 102.2 transactions per company, and disposition of 35,153 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1364742/000112760221004256/xslF345X03/form4.xml

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.