SAN FRANCISCO—Aristotle N. Balogh, the Chief Technology Officer of Airbnb, Inc. (NASDAQ:ABNB), has sold shares of the company’s Class A common stock, according to a recent SEC filing. On October 29, Balogh sold 600 shares at a price of $135.33 each, totaling $81,198. Following this transaction, Balogh retains direct ownership of 192,244 shares in the company.
The sale was conducted under a pre-established Rule 10b5-1 trading plan, which Balogh adopted on November 29, 2023. Such plans allow insiders to set up a predetermined schedule for selling stocks to avoid potential insider trading violations.
In other recent news, Booking Holdings (NASDAQ:) exceeded third-quarter earnings estimates, leading Evercore ISI to increase its price target for the company from $4,200 to $5,300. The company’s strong performance was not only a positive sign for itself but also for others in the sector, including Expedia (NASDAQ:) Group and Airbnb. Evercore ISI emphasized Booking Holdings’ robust…