COO Alexandra Soto sold 85,894 shares (43.0% of holdings) at $43.81; stock down 29.3% from 52-week high.
Alexandra Soto, Chief Operating Officer of Lazard Inc., sold 85,894 shares for $3,763,016.14, reducing her holdings from 199,766 shares to 113,872 shares—a 43.0% reduction in position size. The sale occurred at $43.81 per share while the stock currently trades at $43.14, down 29.3% from its 52-week high of $61.01 and down 7.2% over the preceding 30 days. Despite the recent weakness, Lazard's fundamentals remain supportive, with annual revenue growth of 21.3%, a P/E ratio of 15.98, and net income of $60,375,000.00 on quarterly revenue of $648,051,000.00. The sale's significance is moderate, as the COO maintains a substantial remaining position (113,872 shares) while the company's operational performance and valuation do not exhibit distress signals that would typically accompany an insider's complete exit.