Benzinga - The Nasdaq Composite gained more than 80 points on Thursday. Investors, meanwhile, focused on some notable insider trades.
When insiders sell shares, it indicates their concern in the company’s prospects or that they view the stock as being overpriced. Either way, this signals an opportunity to go short on the stock. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Below is a look at a few recent notable insider sales. For more, check out Benzinga's insider transactions platform.
Applied Materials
- The Trade: Applied Materials, Inc. (NASDAQ: AMAT) SVP, CLO Teri Little sold a total of 6,813 shares at an average price of $117.44. The insider received around $800.12 thousand from selling those shares.
- What’s Happening: Applied Materials unveiled its Centura Sculpta patterning system.
- What Applied Materials Does: Applied Materials is the world's largest supplier of semiconductor manufacturing equipment, providing materials engineering solutions to help make nearly every chip in the world.
Sunrun
- The Trade: Sunrun Inc. (NASDAQ: RUN) Director Michelle Lynn Jurich sold a total of 40,000 shares at an average price of $24.00. The insider received around $960 thousand from selling those shares.
- What’s Happening: Sunrun posted better-than-expected quarterly sales.
- What Sunrun Does: Sunrun is engaged in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States.
Kratos Defense & Security Solutions
- The Trade: Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) SVP, Corp. Dev. & Gov. Affairs Benjamin M Goodwin sold a total of 8,000 shares at an average price of $12.77. The insider received around $102.12 thousand from selling those shares.
- What’s Happening: Kratos reported better-than-expected Q4 sales results and issued Q1 revenue guidance above analyst estimates.
- What Kratos Defense & Security Solutions Does: Kratos Defense & Security Solutions Inc develops and fields transformative, affordable technology, platforms, and systems.
Moelis & Company
- The Trade: Moelis & Company (NYSE: MC) Co-President, MD Navid Mahmoodzadegan sold a total of 106,218 shares at an average price of $43.17. The insider received around $4.59 million from selling those shares.
- What’s Happening: Moelis reported worse-than-expected Q4 sales results.
- What Moelis & Company Does: Moelis & Co is an independent investment bank that provides strategic and financial advice to a diverse client base, including corporations, financial sponsors, governments, and sovereign wealth funds.