When insiders sell stock, it indicates that they are concerned about the company’s prospects or that they view the stock as too expensive. Either way, this indicates an opportunity to go short on the stock. Insider sales should not be considered the sole indicator for making an investment or trading decision. At best, it can convince a sales decision.
Below are some recent notable insider sales. For more, check out Benzinga’s Insider Trading platform.
The trade: Snowflake Inc. (NYSE: SNOW) President Products Benoit Dageville sold a total of 74865 shares at an average price of $302.99. The insider received $14,874,278.77 as a result of the transaction.
What is going on: Snowflake recently reported better-than-expected results for the second quarter of the fiscal year.
What Snowflake Does: Founded in 2012, Snowflake is a data lake, storage and sharing company that went public in 2020.
The trade: Autodesk, Inc. (NASDAQ: ADSK) President and CEO Andrew Anagnost sold a total of 23957 shares at an average price of $315.44. The insider received $7,557,096.87 from the sale of those shares.
What is going on: Autodesk recently reported its second quarter earnings results and issued Q3 guidance.
What Autodesk does: Founded in 1982, Autodesk is an application software company serving industries in architecture, engineering and construction; product design and manufacturing; and media and entertainment.
The trade: Mondelez International, Inc. (NASDAQ: MDLZ) Director Peter May, Trian Fund Management Lp sold a total of 479000 shares at an average price of $62.01. The insider received $29,700,504.78 as a result of the transaction.
What is going on: Missfresh recently said it is partnering with Mondelez International to introduce OREO’s new range of sugar-free sandwich cookies – Oreo Zero – across China.
What Mondelez does: Mondelez has operated as an independent organization since the split of former North American supermarket chain Kraft Foods in October 2012.
The trade: NXP Semiconductors NV (NASDAQ: NXPI) CEO and President Kurt Sievers sold a total of 25878 shares at an average price of $225.00. The insider received $5,822,50.00 from the sale of those shares.
What is going on: NXP Semiconductors recently reported an interim dividend of $0.5625 per share and also announced approval of a $2 billion expansion in buybacks.
What NXP Semiconductors does: NXP Semiconductors is a leading supplier of high-quality mixed-signal products.
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