Blackrock Inc – (BLK, +N, April 19th)
William Ford (Director since 2018) purchased 3,000 shares on April 18th at $688, spending $2.1m and increasing his holdings by +25% to 14,915 shares. Ford last purchased shares in October 2018 at $404. He joined the board in 2018 and made four purchases that year, averaging down and spending a total of $3.1m at an average price of $445.
It is interesting to see him now make his single largest purchase four years later and at a higher price point. Ford is the CEO and Chairman of General Atlantic (since 2007), which manages $84 billion in growth equity funds. Ford served on the board of IHS Markit from 2010-2022. This is an interesting large purchase from Ford. It is also interesting that insider selling in the stock appears to have stopped in 2022, likely coincident with the decline in the shares.
We are ranking the stock +N.