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Insider Control: A Close Look at Recent Stock Trades Xylem, DexCom And 2 Other Stocks Insiders Are Selling – A Deeper Insight

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On Wednesday, the Nasdaq 100 closed lower by around 0.4%. However, investors fixed their gaze on some notable insider trades.

When insiders decide to part with shares, it might be part of a preplanned sale, a signal of their unease about the company’s prospects, or an indication that they deem the stock overvalued. While insider sales alone should not shape investment decisions, they could bolster a conviction to divest.

Here’s a glimpse into a few recent noteworthy insider sales. For more, delve into Benzinga’s insider transactions platform.

QuinStreet

The Trade: QuinStreet, Inc. QNST CFO Gregory Wong sold a total of 8,407 shares at an average price of $15.03. The insider pocketed over $126,357 from the sale.

What’s Happening: QuinStreet reported better-than-expected second-quarter financial results.

What QuinStreet Does: QuinStreet Inc has honed its focus on serving clients in large, information-intensive industries and has pioneered an array of Internet marketing tools.

Have a look at our premarket coverage here

Xylem

  • The Trade: Xylem Inc. XYL VP, Controller & CAO Geri-Michelle McShane sold a total of 1,000 shares at an average price of $122.89. The insider received around $122,890 from selling those shares.
  • What’s Happening: Xylem reported better-than-expected fourth-quarter financial results and issued FY24 guidance.
  • What Xylem Does: Xylem is a global leader in water technology and offers a wide range of solutions, including the transport, treatment, testing, and efficient use of water for customers in the utility, industrial, commercial, and residential sectors.

Moelis & Company

  • The Trade: Moelis & Company MC Co-President, MD Navid Mahmoodzadegan sold a total of 65,954 shares at an average price of $55.26. The insider received around $3.64 million from selling those shares.
  • What’s Happening: Moelis posted a narrower-than-expected quarterly loss.
  • What Moelis & Company Does: Moelis & Co operates as an independent investment bank, offering strategic and financial advice to a diverse client base, including corporations, financial sponsors, governments, and sovereign wealth funds.

DexCom

  • The Trade: DexCom, Inc. DXCM EVP, CFO Jereme M Sylvain sold a total of 3,363 shares at an average price of $116.73. The insider received around $392,563 from selling those shares.
  • What’s Happening: DexCom posted upbeat quarterly earnings.
  • What DexCom Does: Dexcom designs and commercializes continuous glucose monitoring systems for diabetic patients.

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