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Insider Makes Significant Stock Sale Slowing Buying Trend in Black Knight (BKI) Shares over Last Quarter

05/11/2021 18:22

10:20 PM EDT, 05/11/2021 (MT Newswires) -- A SEC filing today revealed a significant insider sale of Black Knight shares as -- Joseph M Nackashi, Officer -- disposed of 13,500 shares in the company having a market value of approximately $1,023,165. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the purchase of 3,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 10,500 shares and have averaged 8,250 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at Black Knight is above its 188-company peer group average. The IT Services & Consulting peer group saw 201 buy/sell trades during this period for an average of 1.1 transactions per company. However, the number of shares traded per transaction by Black Knight insiders is lower than its peers. Within the peer group there were 681,892 shares purchased and 1,597,445 shares sold with company insiders disposing of 4,555 shares on average over this time period.

In order to focus on significant insider buying and selling activity, 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 has been eliminated from 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.