Salesforce, Autodesk And 2 Other Stocks Insiders Are Selling
Portfolio Pulse from Lisa Levin
Insiders at Autodesk, Expedia Group, Salesforce, and Coinbase Global have recently sold shares. Autodesk and Salesforce reported better-than-expected Q2 results and issued FY24 guidance above estimates. Expedia Group posted upbeat quarterly earnings. Coinbase acquired an equity stake in Circle, the co-founder of the USD Coin.
September 01, 2023 | 12:23 pm
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NEGATIVE IMPACT
Director Mary T McDowell sold 4,656 shares of Autodesk at an average price of $222.04. The company reported better-than-expected Q2 results and issued FY24 guidance above estimates.
Insider selling can sometimes indicate a lack of confidence in the company's future prospects. However, Autodesk's strong financial results and positive guidance may mitigate this concern.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Chief Legal Officer Paul Grewal sold 2,402 shares of Coinbase Global at an average price of $77.03. The company recently acquired an equity stake in Circle, the co-founder of the USD Coin.
The sale of shares by an insider at Coinbase Global could be seen as a negative signal, despite the company's recent strategic move to acquire an equity stake in Circle.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Chair and CEO Marc Benioff sold 15,000 shares of Salesforce at an average price of $213.73. The company reported better-than-expected Q2 results and issued FY24 guidance above estimates.
The sale of shares by Salesforce's CEO could be seen as a negative signal, despite the company's strong financial performance and positive future guidance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Chief Legal Officer & Sec'y Robert Dzielak sold 6,000 shares of Expedia Group at an average price of $110.00. The company posted upbeat quarterly earnings.
The insider sale at Expedia Group comes despite the company's positive earnings report. This could indicate that the insider believes the stock is currently overvalued.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100