Genpact, Buckle And These 2 Stocks Insiders Are Selling

The Nasdaq Composite record gains on Thursday after inflation rate continued to moderate in December. Investors, meanwhile, focused on some notable insider trades.

When insiders sell shares, it indicates their concern in the company’s prospects or that they view the stock as being overpriced. Either way, this signals an opportunity to go short on the stock. 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.

Adobe

• The Trade: Adobe Inc. ADBE Director John Warnock sold a total of 3,000 shares at an average price of $341.91. The insider received around $1.03 million from selling those shares.
• What’s Happening: Piper Sandler recently maintained an Overweight rating on the stock and raised its price target from $380 to $415.
• What Adobe Does: Adobe provides content creation, document management, and digital marketing and advertising software and services to creative professionals and marketers for creating, managing, delivering, measuring, optimizing and engaging with compelling content multiple operating systems, devices and media.

Genpact

• The Trade: Genpact Limited G SVP & Chief Legal Officer Heather White sold a total of 9,008 shares at an average price of $46.74. The insider received around $421.06 thousand as a result of the transaction.
• What’s Happening: JP Morgan, last month, downgraded Genpact from Overweight to Neutral and lowered the price target from $55 to $50.
• What Genpact Does: Genpact Ltd is a provider of business process management services.

Have a look at our premarket coverage here

Buckle

• The Trade: The Buckle, Inc. BKE EVP Stores Kari Smith sold a total of 25,000 shares at an average price of $48.10. The insider received around $1.2 million from selling those shares.
• What’s Happening: Buckle reported December net sales of $214.5 million, up 7.9% year over year.
• What Buckle Does: Buckle Inc is a retailer of casual apparel, footwear, and accessories.

HubSpot

• The Trade: HubSpot, Inc. HUBS Chief Technology Officer Dharmesh Shah sold a total of 30,000 shares at an average price of $285.88. The insider received around $8.58 million from selling those shares.
• What’s Happening: Piper Sandler recently maintained HubSpot with an Overweight and lowered the price target from $400 to $350.
• What HubSpot Does: HubSpot provides a cloud-based marketing, sales, and customer service software platform referred to as the growth platform.