Blackstone director Joseph Baratta sells $12.38 million in shares

Joseph Baratta, a director at Blackstone Inc., divested 100,000 shares of the company's common stock on September 18, 2026, generating $12,380,048 in proceeds. The sales took place in two distinct batches, with the first involving 42,246 shares at an average price of $123.35 per share, and the second comprising 57,754 shares at an average price of $124.13 per share.

These transactions were executed across multiple individual deals, with prices spanning from $122.85 to $124.72 per share. The stock's current trading price stands at $124.96, a 34% decline from its 52-week high of $189.88. InvestingPro analysts suggest the stock is undervalued, with a Fair Value estimate indicating potential upside.

Following these sales, Mr. Baratta retains ownership of 771,599 shares of Blackstone Inc. The filings for these transactions were handled by Victoria Portnoy, serving as Attorney-In-Fact, on the same date. For further analysis and insights into Blackstone's valuation and performance, InvestingPro provides premium Pro Research Reports on over 1,400 US equities.

Blackstone recently reported raising a record $260 billion over the past year, achieving its best fundraising period ever. The firm has completed nine IPOs in 2026, with six more pending globally. Additionally, Blackstone is arranging a secondary sale of a major real estate fund, allowing certain investors to liquidate their holdings.

Meanwhile, a coalition of 10 banks is providing a $22 billion loan to fund Crux AI, a cloud venture between Blackstone and Alphabet Inc. This loan ranks among the largest debt deals arranged to support artificial intelligence infrastructure. Blackstone is also limiting withdrawals from its flagship private credit fund due to elevated redemption requests, with investors pulling $4.3 billion in the third quarter, equaling 10% of shares. These activities underscore Blackstone's ongoing financial strategy and business ventures.