Join +750K new investors every month who copy stock picks from billionaire's portfoliosSign Up Free

Laureate Education, RH And 2 Other Stocks Insiders Are Selling

Published 08/01/2024, 12:54
Updated 08/01/2024, 14:10
© Reuters.  Laureate Education, RH And 2 Other Stocks Insiders Are Selling
MODN
-
RH
-
LAUR
-

Benzinga - by Avi Kapoor, Benzinga Staff Writer.

The Nasdaq 100 closed higher by over 20 points on Friday. Investors, meanwhile, focused on some notable insider trades.

When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company’s prospects or that they view the stock as being overpriced. 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.

Opendoor Technologies

  • The Trade: Opendoor Technologies Inc. (NASDAQ: OPEN) President, Sell Direct & Svcs. Megan Meyer sold a total of 4,808 shares at an average price of $3.98. The insider received around $19,136 from selling those shares.
  • What’s Happening: JMP Securities analyst Nicholas Jones recently maintained Opendoor Technologies with an Outperform and raised the price target from $3.5 to $5.
  • What Opendoor Technologies Does: Opendoor Technologies Inc is a digital platform for residential real estate. This platform enables customers to buy and sell houses online.
Have a look at our premarket coverage here

Model N

  • The Trade: Model N, Inc. (NYSE: MODN) Chief Services Officer Mark Anderson sold a total of 2,350 shares at an average price of $24.98. The insider received around $58,703 from selling those shares.
  • What’s Happening: JP Morgan analyst Anne Samuel, last month, downgraded Model N from Overweight to Neutral and lowered the price target from $30 to $25.
  • What Model N Does: Model N Inc is a provider of cloud revenue management solutions for life science and technology companies.
RH
  • The Trade: RH (NYSE: RH) Edward T Lee sold a total of 2,624 shares at an average price of $264.50. The insider received around $694,058 from selling those shares.
  • What’s Happening: RH, last month, reported worse-than-expected third-quarter financial results..
  • What RH Does: RH is a luxury retailer operating in the $143 billion domestic furniture and home furnishing industry.
Laureate Education
  • The Trade: Laureate Education, Inc. (NASDAQ: LAUR) 10% owner Snow Phipps Group LLC sold a total of 153,449 shares at an average price of $13.31. The insider received around $2.04 million from selling those shares.
  • What’s Happening: Laureate Education, during November, posted upbeat quarterly results.
  • What Laureate Education Does: Laureate Education Inc is an international community of universities. The company provides higher education programs and services to students through an international network of licensed universities and higher education institutions.
Check This Out: Wall Street's Most Accurate Analysts Say Buy These 3 Energy Stocks Delivering High-Dividend Yields

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.