Perella Weinberg (PWP) director Steel sells $4.6m in stock

Published 11/09/2025, 23:52
Perella Weinberg (PWP) director Steel sells $4.6m in stock

Director Robert K. Steel of Perella Weinberg Partners (NASDAQ:PWP), a $1.98 billion market cap advisory firm whose stock has gained 31% over the past year, recently sold a total of 211,882 shares of Class A Common Stock for approximately $4.6 million. The sales occurred in multiple transactions between September 9 and September 11, 2025, at weighted average prices ranging from $21.76 to $22.42. According to InvestingPro analysis, PWP currently trades near its Fair Value, with a GREAT overall financial health score.

On September 9, Steel sold 90,532 shares at an average price of $21.76. These shares were sold in multiple transactions at prices ranging between $21.57 and $21.96. The total value of shares sold on this day was $1,970,866. For deeper insights into PWP’s insider transactions and comprehensive financial analysis, check out the detailed Pro Research Report available on InvestingPro.

The following day, September 10, Steel sold 51,505 shares at an average price of $21.85. These shares were sold in multiple transactions at prices ranging between $21.74 and $22.03. The total value of shares sold on this day was $1,125,372.

On September 11, Steel sold 69,845 shares at an average price of $22.42. These shares were sold in multiple transactions at prices ranging between $21.77 and $22.61. The total value of shares sold on this day was $1,565,047.

Following these transactions, Steel directly owns 98,772 shares of Perella Weinberg Partners.

In other recent news, Perella Weinberg Partners reported a strong performance in the second quarter of 2025, surpassing both earnings and revenue expectations. The company achieved earnings per share of $0.09, exceeding the forecasted $0.07, and reported revenue of $155 million, which was higher than the anticipated $149.2 million. Additionally, Perella Weinberg Partners made a strategic move by issuing 1,500,380 shares of its Class A common stock in exchange for an equivalent number of Class A partnership units and Class B common shares from PWP Holdings LP. This transaction was conducted under the company’s Amended and Restated Limited Partnership Agreement. In a separate development, the firm appointed Mathijn Queis as an Advisory Partner to enhance its software and European technology capabilities. Queis, who will be based in London, brings extensive experience from his previous role at Evercore. These recent developments highlight Perella Weinberg Partners’ ongoing efforts to strengthen its market position and expand its expertise in key sectors.

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