ARES Co-President deVeer Kipp sells 78,933 shares across 6 transactions for $14,998,894.21 on 2025-02-06, retaining 1,150,000 shares.
deVeer Kipp executed 6 separate sales totaling 78,933 shares for $14,998,894.21 at prices ranging from $187.08 to $191.58, near the stock's current price of $189.98. The blended average sale price of $190.02 is 0.2% above the current price and 4.2% below the 52-week high of $198.22, indicating the insider sold into strength amid recent upward momentum (30-day +8.5%, 90-day +11.4%). Across his cross-ticker track record, his prior 20 sells achieved an average 90-day return of +8.2% after the sale with a 0.00% well-timed rate, meaning the stock consistently rose after his sales—indicating a pattern of poorly-timed exit points. At Ares specifically, his 5 prior sales in December 2024 each showed positive 30-day returns (2.7% to 3.9%), though 90-day outcomes remain unmeasurable. Kipp retains substantial ownership of 1,150,000 shares (1.15M), representing a 6.4% reduction from prior holdings, and the P/E of 81.89 combined with recent strong revenue growth of +12.4% suggests Ares carries a premium valuation.