Morgan Stanley, Snowflake And 2 Other Stocks Insiders Are Selling
Portfolio Pulse from Avi Kapoor
Insiders at Snowflake, Morgan Stanley, Shutterstock, and Airbnb have recently sold significant amounts of shares. Snowflake's SVP sold shares at $210 each, Morgan Stanley's Executive Chairman sold at $87.93 per share, Shutterstock's Executive Chairman sold at $50.34 per share, and Airbnb's CEO sold at $141.60 per share. Insider sales can indicate various sentiments about the stock's value and company prospects, but they are not the sole indicator for investment decisions. Analysts have recently reiterated Snowflake and Airbnb with positive ratings, while Morgan Stanley reported a decline in Q4 net profit, and Shutterstock raised its FY23 guidance after strong Q3 results.
January 26, 2024 | 12:58 pm
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NEGATIVE IMPACT
Morgan Stanley's Executive Chairman, James Gorman, sold 155,000 shares at $87.93 each. The company recently reported a decline in Q4 net profit.
The insider sale combined with the reported decline in net profit could be interpreted as a negative signal for the stock's short-term performance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Airbnb's CEO, Brian Savage, sold 153,848 shares at $141.60. An analyst recently reiterated a Buy rating with a $150 price target.
The CEO's sale of shares might raise concerns, but the continued positive analyst rating suggests that the short-term impact on the stock may be neutral.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Snowflake's SVP, Christian Kleinerman, sold 10,000 shares at $210. Despite the sale, an analyst has reiterated a Market Outperform rating with a $212 price target.
While insider sales can be a negative signal, the recent analyst reiteration with a price target close to the sale price suggests a neutral short-term impact.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Shutterstock's Executive Chairman, Jonathan Oringer, sold 24,197 shares at $50.34 each. The company had strong Q3 results and raised FY23 guidance.
Despite the insider sale, the company's positive performance and raised guidance could mitigate any negative perception, leading to a neutral short-term impact.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60