Caleres, Cloudflare And 2 Other Stocks Insiders Are Selling
Portfolio Pulse from Lisa Levin
Insiders at Caleres, Inc. (CAL), Cloudflare, Inc. (NET), NetApp, Inc. (NTAP), and IRadimed Corporation (IRMD) have recently sold shares. While insider sales can sometimes indicate concern about a company's prospects or overvaluation, they should not be the sole basis for investment decisions. Each of the companies has had recent developments, such as strategic plans, collaborations, partnership renewals, and financial results.
October 13, 2023 | 12:26 pm
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NEGATIVE IMPACT
Caleres' Executive Chair sold 20,317 shares. The company recently put forward a three-year strategic and financial plan.
Insider selling can sometimes indicate a lack of confidence in the company's future prospects. However, the recent strategic plan could also be a positive sign.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
IRadimed's CEO, President, and Chairman sold 10,000 shares. The company recently reported better-than-expected Q2 results and issued FY23 guidance above estimates.
Despite the insider sale, the company's strong Q2 results and positive FY23 guidance could be seen as positive indicators for its future.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Cloudflare's Director sold 10,016 shares. The company recently announced collaborations with Meta Platforms, Microsoft, and NVIDIA.
While the insider sale could be seen as a negative sign, the recent collaborations could potentially boost the company's prospects.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
NetApp's CEO sold 4,500 shares. The company recently renewed a partnership and introduced a co-engineered data management solution.
The CEO's sale of shares could be seen as a negative sign, but the renewed partnership and new solution could be positive for the company's future.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100