LPLA CEO Arnold Dan H. sold 5,677 shares at $277.31 on 2024-06-14 for $1.6M; holds 142.6K shares post-transaction.
CEO Arnold Dan H. sold 5,677 shares (−3.8% of pre-transaction holdings) at $277.31, reducing his stake from 148,284 to 142,607 shares. His prior five trades at LPLA (all sales on 2024-02-26) each saw positive 90-day returns ranging from +6.6% to +8.2%, a pattern indicating consistently poor timing on the sell side—the stock rose after each sale. His cross-ticker track record of 13 prior sells shows an average 90-day return of +5.6% with a well-timed rate of 0.00%, further confirming that his sales historically miss subsequent gains rather than anticipate declines. The current stock price of $282.77 sits 1.2% below the 52-week high of $286.21 and up 5.6% over 30 days, suggesting continued momentum. LPLA fundamentals remain solid with FY revenue growth of +16.9%, a P/E of 20.79, and recent quarterly revenue of $2.8B and net income of $288.8M. The transaction reveals no contrarian signal; it appears to be a routine modest reduction in an otherwise substantial insider position against a backdrop of strong company performance and a stock near all-time highs.