GameStop, Kimberly-Clark And 2 Other Stocks Insiders Are Selling

Author: Avi Kapoor | April 26, 2024 08:25am

The Nasdaq 100 closed lower by over 90 points on Thursday. Investors, meanwhile, focused on some notable insider trades.

When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. 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.

GameStop

• The Trade: GameStop Corp. (NYSE:GME) PFO and PAO Daniel William Moore sold a total of 7,779 shares at an average price of $10.20. The insider received around $79,362 from selling those shares.
• What's Happening: On March 26, GameStop reported fourth-quarter net sales of $1.794 billion, down from $2.226 billion year-over-year.
• What GameStop Does: GameStop Corp is a U.S. multichannel video game, consumer electronics, and services retailer.

Have a look at our premarket coverage here

SMART Global Holdings

• The Trade: SMART Global Holdings, Inc. (NASDAQ:SGH) President, LED Solutions Joseph Gates Clark sold a total of 2,529 shares at an average price of $17.94. The insider received around $45,359 from selling those shares.
• What's Happening: On April 9, the company saw third-quarter earnings of 30 cents per share, plus or minus 15 cents, versus the 28 cent estimate.
• What SMART Global Does: SMART Global Holdings Inc is a designer and manufacturer of electronic products focused on memory and computing technology areas.

Kimberly-Clark

• The Trade: Kimberly-Clark Corporation (NYSE:KMB) President, Latin America Gonzalo Uribe sold a total of 1,465 shares at an average price of $136.91. The insider received around $200,574 from selling those shares.
• What's Happening: On April 23, Kimberly-Clark reported better-than-expected first-quarter financial results.
• What Kimberly-Clark Does: With more than half of sales from personal care and another third from consumer tissue products, Kimberly-Clark sits as a leading manufacturer in the tissue and hygiene realm.

Bentley Systems

• The Trade: Bentley Systems, Incorporated (NASDAQ:BSY) Director Keith A. Bentley sold a total of 17,021 shares at an average price of $55.00. The insider received around $936,155 from selling those shares.
• What's Happening: Schneider Electric recently confirmed holding discussions for a potential acquisition of Bentley Systems.
• What Bentley Systems Does: Bentley Systems is a software vendor that caters to engineers, architects, constructors, and geospatial professionals by enabling design, modeling, simulation and project, and data management of infrastructure assets.

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Posted In: BSY GME KMB SGH