Nasdaq futures traded sharply lower this morning after Meta Platforms, Inc. (NASDAQ:FB) reported worse-than-expected Q4 EPS results and issued weak forecast.
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.
Alphabet
- The Trade: Alphabet Inc. (NASDAQ:GOOG) CEO Sundar Pichai disposed a total of 3,000 shares at an average price of $2,992.62. The insider received $8.98 million as a result of the transaction.
- What’s Happening: Alphabet recently reported better-than-expected Q4 EPS and sales results.
- What Alphabet Does: Alphabet is a holding company, with Google, the Internet media giant, as a wholly owned subsidiary. Google generates 99% of Alphabet revenue, of which more than 85% is from online ads. Google's other revenue is from sales of apps and content on Google Play and YouTube, as well as cloud service fees and other licensing revenue.
Ares Management
- The Trade: Ares Management Corporation (NYSE:ARES) Co-Founder, CEO and President Michael Arougheti sold a total of 435,724 shares at an average price of $79.01. The insider received $34.43 million from selling those shares. The insider also acquired a total of 300,000 shares.
- What’s Happening: Piper Sandler recently initiated coverage on Ares Management with an Overweight rating and announced a price target of $97.
- What Ares Management Does: Ares Management Corp is an asset management company based in the United States. It offers investors investment-related advice and strategies for capital growth.
Also check out this: Insiders Buying Charter Communications And 3 More Stocks
Analog Devices
- The Trade: Analog Devices, Inc. (NASDAQ:ADI) Director Tunc Doluca sold a total of 4,700 shares at an average price of $164.10. The insider received $771.27 thousand as a result of the transaction.
- What’s Happening: Analog Devices is expected to release quarterly results on February 16, 2022.
- What Analog Devices Does: Analog Devices is a leading analog, mixed-signal, and digital signal processing chipmaker. The firm has a significant market share lead in converter chips, which are used to translate analog signals to digital and vice versa.
J.B. Hunt Transport Services
- The Trade: J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) EVP/CIO Stuart L Scott sold a total of 5,473 shares at an average price of $193.00. The insider received $1.06 million from selling those shares.
- What’s Happening: J.B. Hunt agreed to acquire Furniture Hauler from Bassett in a $87 million deal.
- What J.B. Hunt Does: J.B. Hunt Transport Services ranks among the top surface transportation companies in North America by revenue.
Danaher
- The Trade: Danaher Corporation (NYSE:DHR) Executive Vice President Joakim Weidemanis sold a total of 25,522 shares at an average price of $285.64. The insider received around $7.29 million from selling those shares. The insider also acquired a total of 20,508 shares.
- What’s Happening: Danaher recently logged Q4 FY21 adjusted EPS of $2.69 up 29% Y/Y, surpassing the estimate of $2.51.
- What Danaher Does: In 1984, Danaher's founders transformed a real estate organization into an industrial-focused manufacturing company. Through a series of mergers, acquisitions, and divestitures, including the Fortive separation in 2016, Danaher now focuses primarily on manufacturing scientific instruments and consumables in three segments: life sciences, diagnostics, and environmental and applied solutions.
