The Nasdaq 100 saw a slight increase of about 0.6% on Tuesday, but the focus was on some interesting insider trades. Insider sales can indicate various things, such as preplanned sales or concerns about the company’s prospects. However, it’s important to note that insider sales shouldn’t be the sole basis for investment decisions.
Let’s take a look at a few recent notable insider sales. For more details, you can visit Benzinga’s insider transactions platform.
CrowdStrike:
– Trade: CrowdStrike Holdings, Inc. (CRWD) Director Roxanne Austin sold 15,000 shares at an average price of $176.42, receiving around $2.65 million from the sale.
– What’s Happening: In partnership with Amazon Web Services (AWS), CrowdStrike announced the creation of the Amazon Web Services (AWS) & CrowdStrike Cybersecurity Startup Accelerator for EMEA-based startups.
– What CrowdStrike Does: CrowdStrike specializes in cloud-based cybersecurity, focusing on next-generation endpoint and cloud workload protection.
Apple:
– Trade: Apple Inc. (AAPL) COO Jeffrey E Williams sold 69,785 shares at an average price of $177.00, receiving around $12.35 million from the sale. Additionally, the company’s Senior Vice President and CFO Luca Maestri sold 63,695 shares at an average price of $178.29.
– What’s Happening: Barclays analyst Tim Long reiterated Apple with an Equal-Weight rating and maintained a $167 price target.
– What Apple Does: Apple designs a wide range of consumer electronic devices, including iPhones, iPads, Macs, Apple Watches, AirPods, and more.
Amazon.com:
– Trade: Amazon.com, Inc. (AMZN) CEO Amazon Web Services Adam Selipsky sold 1,000 shares at an average price of $125.39, receiving around $125,385 from the sale.
– What’s Happening: Telsey Advisory Group analyst Joseph Feldman reiterated Amazon.com with an Outperform rating and maintained a $160 price target.
– What Amazon.com Does: Amazon is a leading online retailer and one of the highest-grossing e-commerce aggregators, with significant net sales and estimated gross merchandise volume.
Jabil:
– Trade: Jabil Inc. (JBL) Director Steven Raymund sold 30,000 shares at an average price of $129.93, receiving around $3.9 million from the sale.
– What’s Happening: Jabil reported mixed fourth-quarter results but issued strong first-quarter earnings guidance.
– What Jabil Does: Jabil provides manufacturing services and solutions.
For more news and updates, you can check out Benzinga’s premarket coverage. And remember, Benzinga does not provide investment advice.