Nvidia, CrowdStrike And 2 Other Stocks Insiders Are Selling
Portfolio Pulse from Avi Kapoor
Insiders from Nvidia, CrowdStrike, Workday, and Pinterest have recently sold shares. Insider sales can indicate concerns about company prospects or overvaluation. Notable sales include CrowdStrike's Chief Security Officer, Workday's 10% owner, Nvidia's President and CEO, and Pinterest's Chief Accounting Officer.
June 18, 2024 | 12:40 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
CrowdStrike's Chief Security Officer sold 4,500 shares at an average price of $382.93, totaling around $1.72 million. This comes after the company announced it will join the S&P 500.
The insider sale by a high-ranking officer could indicate concerns about the stock's valuation, especially following the announcement of joining the S&P 500, which typically boosts stock prices.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Nvidia's President and CEO sold 240,000 shares at an average price of $129.94, totaling around $31.18 million. This follows the announcement of a 10-for-1 stock split.
The significant sale by the CEO could raise concerns about the stock's valuation, even though stock splits are generally seen as positive.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Pinterest's Chief Accounting Officer sold 3,845 shares at an average price of $43.90, totaling around $168,796. This follows an Overweight rating and $52 price target from Piper Sandler.
The insider sale could indicate concerns about the stock's current valuation, despite a positive analyst rating and price target.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Workday's 10% owner sold 57,000 shares at an average price of $209.17, totaling around $11.92 million. This follows Clemson University's selection of Workday for digital transformation.
The large sale by a significant shareholder could indicate concerns about the stock's future performance, despite positive news about a new client.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70