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Significant Insider Selling Continues at Morningstar (MORN)

05/10/2021 18:28

10:20 PM EDT, 05/10/2021 (MT Newswires) -- A filing with the SEC today revealed a notable insider sale of Morningstar shares as -- Joseph D Mansueto, 10% Owner, Director and Officer -- disposed of 11,129 shares in the company having a market value of approximately $2,931,305. There have been 4 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 388,048 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 399,177 shares and have averaged 79,835 shares per transaction over this time period.

During the last 90 days, the number of insider buy/sell trades at Morningstar is higher than the 21-company peer group average. Professional Information Services peer group saw 37 buy/sell trades during this period for an average of 1.8 transactions per company. The number of shares per buy/sell trade for Morningstar insiders was also higher. Within the peer group there were 0 shares purchased and 478,618 shares sold with company insiders having sold 12,936 shares on average.

Insider buying and selling activity that is significant has been determined by eliminating 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 in creating and writing this story.

[Disclaimer]
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