EVP Daniel Noonan Sells $337K in Open Market Shares
CNS sits 31% above its 52-week low of $58.39.
Summary
Executive Vice President Daniel Noonan sold $337,158.80 of Cohen & Steers stock in an open market transaction, alongside a mandatory tax-related disposition.
Key Events · Ownership and Investor Activity · CNS
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EVP Sells Shares
Executive Vice President Daniel Noonan disposed of 4,360 shares in an open market sale for a total value of $337,158.80 at an average price of $77.33 per share.
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Tax-Related Disposition
An additional 3,614 shares were disposed of for tax withholding purposes, valued at $278,458.70, related to the vesting of restricted stock units.
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Trading Near 52-Week Highs
The open market sale occurred while the company's stock is trading near its 52-week high of $78.805, potentially indicating profit-taking.
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Insider Distribution Trend
This sale contributes to a net insider distribution trend of $-753,375 over the past 90 days, with no open-market purchases reported in that period.
Analysis · CNS · Finance
Executive Vice President Daniel Noonan sold $337,158.80 worth of company stock in an open market transaction. This discretionary sale, occurring while the stock trades near its 52-week high, contributes to a recent pattern of insider distribution and signals profit-taking by a senior officer.
At the time of this filing, CNS was trading at $76.53 on NYSE in the Finance sector, with a market capitalization of approximately $3.9B. The 52-week trading range was $58.39 to $78.81. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.