5 stocks insiders sell

When insiders sell stocks, it indicates that they are worried about the prospects for the company or that they consider the stock to be overvalued. Either way, this signals an opportunity to short sell the stock. Insider selling should not be taken as the sole indicator for making an investment or trading decision. At best, it can add conviction to a selling decision.

Below is an overview of some recent notable Insider Sales. For more information, see Benzinga insider trading Platform.

M. Cooper Group

  • The exchange: Mr. Cooper Group Inc (NYSE: COOP) CEO Jesse Bray sold a total of 480,308 shares at an average price of $ 39.02. The insider received $ 390,200.00 as a result of the trade.
  • What is happening: The company’s shares fell more than 1% from the previous month.
  • What M. Cooper Group does: Mr. Cooper Group Inc is a real estate loan manager. The company is focused on providing a variety of service and loan products. It has three operating segments namely Servicing, Originations and Xome.

CrowdStrike Holdings

  • The exchange: CrowdStrike Holdings, Inc. (NASDAQ: CRWD) Chief Financial Officer Burt Podbere sold a total of 17,020 shares at an average price of $ 205.28. The insider received $ 3,493,861.87 from the sale of these shares. The insider also bought a total of 3,125 shares.
  • What is happening: The company recently announced that it has expanded the CrowdXDR Alliance to include key strategic partners across all technology categories, including cloud, Internet of Things (IoT) and networking.
  • What CrowdStrike does: CrowdStrike Holdings, incorporated in 2011, provides cloud solutions for the protection of endpoints and cloud workloads in the United States, Australia, Germany, India, Israel, Romania and the United Kingdom.

NetApp

  • The exchange: NetApp, Inc. (NASDAQ: NTAP) CEO George Kurian sold a total of 4250 shares at an average price of $ 87.02. The insider received $ 369,834.15 as a result of the transaction.
  • What is happening: JP Morgan recently moved NetApp from neutral to overweight and raised the price target from $ 108 to $ 110.
  • What NetApp does: NetApp is a leading provider of enterprise data storage and management solutions. The three business units of the company are products, software maintenance and hardware maintenance.

Keurig Dr Pepper

  • The exchange: Keurig Dr Pepper Inc. (NYSE: KDP) President, Cold Drinks Derek Herbert Hopkins sold a total of 104,256 shares at an average price of $ 35.55. The insider received $ 3,706,166.09 from the sale of these shares.
  • What is happening: Keurig Dr Pepper is expected to release its fourth quarter financial results on Thursday, February 24, 2022.
  • What Keurig Dr Pepper does: Keurig Dr Pepper, the result of a 2018 merger between Dr Pepper Snapple and Keurig Green Mountain, is the third largest non-alcoholic beverage company in North America.

Walmart

  • The exchange: Walmart Inc. (NYSE: WMT) Director Robson Walton sold a total of 1,778,314 shares at an average price of $ 139.05. The insider received $ 182,616,600.52 from the sale of these shares.
  • What is happening: Walmart recently announced plans to build a new distribution center in Salt Lake City, Utah, to support its e-commerce business.
  • What Walmart does: The largest U.S. retailer by sales, Walmart operated more than 11,400 stores under 54 banners at the end of fiscal 2021, selling a variety of general merchandise and grocery items.

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