Director Joseph Baratta sells 113,000 BX shares for $19.9M; post-transaction holdings 695,757 shares (-14.0%)
Joseph Baratta, a director at Blackstone, executed 2 separate sales totaling 113,000 shares for $19,853,482.54 on 2025-09-25, reducing his stake by 14.0%. At Blackstone specifically, his prior 5 trades show a mixed timing pattern: his 3 sales in October 2024 logged 90-day returns of +14.4%, +12.4%, and +13.1%—all well-timed declines (the stock rose after each sale, making those sells poorly timed). His recent August 2025 sales show early 30-day gains of +1.2% and +1.6%, with 90-day outcomes not yet measurable. The current price of $175.32 is near the blended average transaction price of $175.69, and the stock is +2.1% over the prior 30 days and +16.0% over 90 days—a strong uptrend. The company's fundamentals remain robust: $3.7B quarterly revenue with +64.9% annual growth and $764.2M net income, though the P/E of 45.07 reflects elevated market valuation relative to earnings.