Cohen sells 3,300 LPLA shares (~$1.0M) at $309.07 avg; stock down -24.1% from 52-week high, holdings reduced 42.9%.
Marc Eliot Cohen, Group Managing Director, executed 2 separate sales totaling 3,300 shares for $1,019,995.83 on 2026-03-09 and 2026-03-10, reducing his post-transaction holdings to 4,400 shares from 7,700 shares (a -42.9% reduction). The transactions occurred at a blended average price of $309.07, while the stock is currently trading at $302.96, down -24.1% from its 52-week high of $399.00. Despite strong revenue growth of +37.2% year-over-year and a $4.6B revenue base, the company reported a net loss of $29.5M in the latest quarter, and the stock has declined -23.0% over the past 30 days. The scale of this reduction—selling over 40% of his disclosed holdings in a two-day window—warrants examination of whether the transaction reflects reassessment of the stock's valuation or personal liquidity needs.