Insiders Trades
Morningstar, Inc. Stock: price and insider trades · United States
No insider purchase over the last 90 days. The latest was filed 04 Mar 2026.
Morningstar, Inc.: what insiders have been doing
Headquartered in Chicago, United States, Morningstar, Inc. belongs to the Business Services sector and traces its origins to 1984. Filings by its managers are published through SEC (Form 4). From 18 October 2025 to 18 October 2026, the disclosure feed for Morningstar, Inc. logged 97 filings by 9 insiders.
Purchases and sales both appear in the filings: 1 purchase (1 insider, €161k) and 85 sales (3 insiders, €26.2M). On balance, insiders were net sellers of €26.1M. Open-market purchases are the filings investors watch most closely, because the insider pays for the shares out of pocket. On the buying side, the filings list 1 finance chief among the declarants. The largest single trade was a sale of €1.3M by Mansueto Joseph D, published on 18 November 2025.
Across the 5,816 companies tracked on its exchange, the median is 19 filings; at 97 filings, this issuer sits above that mark. Since 2016, the database holds 2 purchases and 422 sales by insiders of the company. The 10-K for the year ended 31 December 2025 shows 2.45 bn USD of revenue and 374.2 m USD of net income and a dividend of 1.87 USD per share.
The clock since the last published purchase (4 March 2026) now reads 228 days. Filings reach the SEC (Form 4) feed a median of 1 day after the trade. For comparison, the SEC allows two business days to file a Form 4. Keep in mind that insiders sell for many reasons unrelated to the outlook, from tax bills to estate planning.
Other companies in the same sector with recent insider buying flagged by our signals: Coursera, Inc. Every figure here comes from the filings published by SEC (Form 4) and describes the past, not future prices; it is not investment advice.
Insider Decl.
548
Thresholds
n/a
Buy Volume
€161,634
2 ops. · all time
Sell Volume
€191M
422 ops. · all time
Who traded when
BuySaleJoseph D. Mansueto131 sales
Michael Holt1 buy1 sale
Caroline J. Tsay1 sale
Jason Dubinsky1 sale
William M. Lyons1 sale
Since the insiders bought
- -4.8%Entry US$189.86 · Close at T+90 US$180.73
- -23.4%Entry US$314.83 · Close at T+365 US$241.30
Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.
Analyst consensus: bullish or bearish?
Analysts rate Morningstar, Inc. Buy (bullish), based on 3 analysts. Average price target: US$239.00.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Fundamental score
Ranked 4,379 of 24,148 companies
67.9
score / 100
Value59
Quality77
FCF yld5.6%
Earn yld4.8%
EV/EBITDA12.5x
ROE32%
Gross mgn61%
Net mgn15%
Debt/EBITDA1.7x
Pillars2/3
Transparent value + quality ranking, distinct from the insider signal.
Financial data
as of FY 2025FY ended December 2025 · cache
US$209.24
Analyst consensus
3 analystsBuy
US$220.00Target US$239.00(+14%)US$260.00
Income statement
RevenueUS$2.4B
Gross profitUS$1.5B61% margin
EBITDAUS$728.9M30% margin
Net incomeUS$374.2M16.4% margin
Valuation
PER (trailing)19.9x
PER (forward)14.9x
P/Book7.7x
Beta1.02
Balance sheet & cash
Market capUS$7.8B
Total debtUS$1.3B
Free Cash FlowUS$442.6M
Debt / Equity186%
Profitability & ownership
ROE32.0%
ROA9.6%
% insiders49.7%
% institutions66.5%
Last declaration on 2 October 2026
Declarations548 total
657,779 shares0Common StockSEC:0002047675-26-000008:0
376,969 shares0Common StockSEC:0002047675-26-000004:0
220 shares@ US$216.00830.0006% mcap0.0% of flowCommon StockSEC:0001324069-26-000045:0
1,181 shares@ US$217.25710.0034% mcap0.1% of flowCommon StockSEC:0001324069-26-000045:1
1,740 shares@ US$218.43340.0050% mcap0.2% of flowCommon StockSEC:0001324069-26-000045:2
978 shares@ US$219.43660.0028% mcap0.1% of flowCommon StockSEC:0001324069-26-000045:3
1,314 shares@ US$220.42270.0038% mcap0.1% of flowCommon StockSEC:0001324069-26-000045:4
226 shares@ US$221.11920.0007% mcap0.0% of flowCommon StockSEC:0001324069-26-000045:5
1,359 shares@ US$214.1650.0039% mcap0.1% of flowCommon StockSEC:0001324069-26-000043:1
3,157 shares@ US$212.86630.0089% mcap0.3% of flowCommon StockSEC:0001324069-26-000043:0
1,938 shares@ US$215.1750.0055% mcap0.2% of flowCommon StockSEC:0001324069-26-000043:2
295 shares@ US$216.15770.0008% mcap0.0% of flowCommon StockSEC:0001324069-26-000043:3
501 shares@ US$217.13310.0014% mcap0.0% of flowCommon StockSEC:0001324069-26-000043:4
3,827 shares@ US$216.69750.011% mcap0.4% of flowCommon StockSEC:0001324069-26-000043:5
268 shares@ US$217.56650.0008% mcap0.0% of flowCommon StockSEC:0001324069-26-000043:6
3,031 shares@ US$213.95960.0087% mcap0.3% of flowCommon StockSEC:0001324069-26-000041:11
189 shares@ US$217.01090.0005% mcap0.0% of flowCommon StockSEC:0001324069-26-000041:14
5,749 shares@ US$206.84310.016% mcap0.5% of flowCommon StockSEC:0001324069-26-000041:0
1,501 shares@ US$207.81280.0042% mcap0.1% of flowCommon StockSEC:0001324069-26-000041:1
913 shares@ US$208.12960.0025% mcap0.1% of flowCommon StockSEC:0001324069-26-000041:2
1,935 shares@ US$209.4810.0054% mcap0.2% of flowCommon StockSEC:0001324069-26-000041:3
2,708 shares@ US$210.31980.0076% mcap0.2% of flowCommon StockSEC:0001324069-26-000041:4
1,588 shares@ US$211.25990.0045% mcap0.1% of flowCommon StockSEC:0001324069-26-000041:5
106 shares@ US$212.20470.0003% mcap0.0% of flowCommon StockSEC:0001324069-26-000041:6
114 shares@ US$208.20840.0003% mcap0.0% of flowCommon StockSEC:0001324069-26-000041:7
25 of 548 declarations
About Morningstar, Inc.
Morningstar, Inc. is a leading provider of independent investment insights and financial data, listed on the NASDAQ in the United States (United States) under the ticker MORN. The company was founded in 1984 by Joe Mansueto in Chicago, Illinois, where it remains headquartered today. Starting from an original focus on mutual fund analysis, Morningstar has evolved into a broader financial information and software platform serving investors and professionals across public markets, private markets, and credit.
For international investors, Morningstar’s business model is built around several interconnected revenue streams. The company provides proprietary research on equities and funds, investment data, portfolio analytics, advisor software, market and index solutions, and credit-related services. It also has a growing footprint in private capital intelligence through PitchBook, as well as ESG and sustainability data through Sustainalytics. This mix positions Morningstar as a diversified financial infrastructure and intelligence provider rather than a pure research publisher.
Read moreShow less
Morningstar’s competitive position is anchored in three long-standing advantages: trusted independent research, deep and structured datasets, and strong product integration into adviser and institutional workflows. The brand is especially well known for fund ratings, portfolio analysis frameworks, and investor-friendly analytics. Over time, however, the company has broadened its scope well beyond mutual funds, creating a more durable and scalable platform across wealth management, asset management, banking, insurance, and corporate clients.
Geographically, Morningstar operates on a global basis, with a significant presence in North America, Europe, and Asia-Pacific, while its commercial and operational center remains in the United States. That U.S. base is strategically important because Morningstar’s most developed client relationships, product distribution, and capital markets exposure are tied to the American financial ecosystem. At the same time, the company’s international footprint gives it exposure to global investment trends and cross-border demand for independent market intelligence.
Recent developments have reinforced Morningstar’s transition toward a more technology-enabled, AI-driven platform. In early 2026, the company reported meaningful growth in revenue, operating income, and free cash flow for 2025, and management highlighted AI as a tool to scale its research and data moat. Morningstar also announced new AI capabilities embedded in its Direct Advisory Suite in March 2026, designed to streamline research, meeting preparation, portfolio analysis, and proposal generation for financial advisers. For equity investors, the key takeaway is that Morningstar is increasingly combining recurring data and software economics with its historical strengths in research and investor education.
Recent ranked signals in the same sector
Purchases our model currently ranks for the recommendations list.
All recommendations
