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EdgarHawk

deVeer R. Kipp

Co-President

Director Officer
3 filings analyzed · 1 company · Latest 2025-02-10

Companies

Company Buys Sells Direction
Ares Management Corp ARES 0 18 Net selling

Activity

February 2025
2025-02-10 Ares Management Corp ARES
medium
Sell
78,933 shares
$14,998,894
Significance 6/10

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.

December 2024
2024-12-10 Ares Management Corp ARES
medium
Sell
300,000 shares
$53,146,778
Significance 6/10

Head of Credit Group sells 300,000 shares (21.8% reduction) at avg $177.16 over 3 days, Dec 6–10

deVeer R. Kipp, Head of Credit Group at Ares Management, executed 11 separate sales totaling 300,000 shares for $53,146,778.18 across December 6–10, 2024, reducing his holdings from 1,375,000 to 1,075,000 shares. The blended average sale price of $177.16 sits just 0.59% above the current price of $176.11 and within 1.5% of the 52-week high of $178.83, indicating the sales occurred during a period of elevated valuation. His prior five sales at ARES all showed positive 90-day returns (ranging from +8.2% to +13.1%), meaning the stock subsequently rose after each sale—a pattern indicating historically poor timing on this specific ticker. The current P/E of 75.91 and the 90-day stock appreciation of +24.5% prior to these sales reflect a significantly valued equity, though the fundamental picture shows strong recent performance with 12.4% annual revenue growth and net income of $216,412,000.

July 2024
2024-07-23 Ares Management Corp ARES
medium
Sell
41,676 shares
$6,260,152
Significance 5/10

Head of Credit Group deVeer R. Kipp sold 41,676 shares of ARES at $150.21 for $6,260,151.96

deVeer R. Kipp, Head of Credit Group at Ares Management, sold 41,676 shares on 2024-07-22, reducing holdings from 1,116,676 to 1,075,000 shares. The transaction occurred near the 52-week high of $150.79, with the sale price of $150.21 capturing strong recent momentum (30-day price change: +14.4%). Across his prior five sales at ARES, all 5 occurred on or around 2024-02-15 to 2024-02-16, with none well-timed at the 90-day mark (all showed positive subsequent returns ranging from 8.2% to 10.8%), indicating the insider has historically sold into strength rather than ahead of declines at this ticker. The current sale's timing relative to future stock performance remains unobservable, but the pattern at ARES does not support a signal of impending weakness.

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