On October 1, 2024, Joseph Baratta, Director at Blackstone Inc (BX, Financial), executed a sale of 116,448 shares of the company. The transaction was filed on the same day with the SEC. Following this sale, the insider now owns 799,749 shares of Blackstone Inc.
Blackstone Inc is a global leader in investment and advisory services, specializing in asset management, including investment vehicles focused on private equity, real estate, public debt and equity, growth equity, opportunistic, non-investment grade credit, real assets, and secondary funds.
Over the past year, Joseph Baratta has sold a total of 266,735 shares of Blackstone Inc and has not made any purchases. The insider transaction history for Blackstone Inc shows a trend with 5 insider buys and 9 insider sells over the past year.
Shares of Blackstone Inc were trading at $150.81 on the day of the sale, giving the company a market cap of approximately $115.78 billion. The price-earnings ratio of the stock stands at 57.71, significantly higher than the industry median of 12.11 and above the company's historical median.
The stock's GF Value is estimated at $106.24, indicating a price-to-GF-Value ratio of 1.42. This suggests that Blackstone Inc is significantly overvalued based on its GF Value.
The GF Value is calculated considering historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This sale by the insider may be of interest to current and potential investors, providing insight into insider confidence and valuation perspectives at Blackstone Inc.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
