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Insider Trends: Morningstar Insider Extends 90-Day Selling Trend

05/07/2021 10:08

02:02 PM EDT, 05/07/2021 (MT Newswires) -- Joseph D Mansueto, 10% Owner, Director and Executive Chairman, sold 11,129 shares in Morningstar (MORN) for $2,931,305 on May 05, 2021. Following the Form 4 filing with the SEC, Mansueto controls 18,873,231 shares of company stock of which 18,723,231 shares are held directly and 150,000 are owned indirectly. These holdings have an approximate market value of $4,931 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 24 transactions reported to the SEC, all of which have been sales and have resulted in the disposition of 370,277 company shares by insiders. This compares with the preceding 90-day window of time where there were 36 transactions from 6 insiders and resulted in the net disposition of 370,987 shares.

This level of insider transactions is lower than the peer group average in the 21-company Professional Information Services peer group over the last 90-day period. Activity in the peer group averaged 117.8 transactions per company, and disposition of 106,145 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1289419/000128941921000088/xslF345X03/edgar.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.