Amazon, Goldman Sachs And These 2 Stocks Insiders Are Selling

The Nasdaq Composite closed slightly higher on Friday. 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.

Amazon.com

• The Trade: Amazon.com, Inc. AMZN CEO Amazon Web Services Adam Selipsky sold a total of 1,020 shares at an average price of $103.97. The insider received around $106.05 thousand from selling those shares.
• What’s Happening: Amazon.com launched an Anti-Counterfeiting Exchange (ACX) to improve its risk evaluation systems for a safer online shopping experience.
• What Amazon.com Does: Amazon is a leading online retailer and one of the highest-grossing e-commerce aggregators, with $386 billion in net sales and approximately $578 billion in estimated physical/digital online gross merchandise volume in 2021.

Have a look at our premarket coverage here

Lockheed Martin

• The Trade: Lockheed Martin Corporation LMT Executive Vice President Stephanie C Hill sold a total of 2,391 shares at an average price of $490.84. The insider received around $1.17 million from selling those shares.
• What’s Happening: Lockheed Martin reported better-than-expected Q1 results.
• What Lockheed Martin Does: Lockheed Martin is the world's largest defense contractor and has dominated the Western market for high-end fighter aircraft since it won the F-35 Joint Strike Fighter program in 2001.

Goldman Sachs Group

• The Trade: The Goldman Sachs Group, Inc. GS Chief Legal Officer Kathryn Ruemmler sold a total of 7,277 shares at an average price of $332.67. The insider received around $2.42 million from selling those shares. The company’s Global Treasurer also bought 3750 shares.
• What’s Happening: Goldman Sachs reported mixed Q1 financial results.
• What Goldman Sachs Does: Goldman Sachs is a leading global investment banking and asset management firm. Approximately 20% of its revenue comes from investment banking, 45% from trading, 20% from asset management and 15% from wealth management and retail financial services.

Trade Desk

• The Trade: The Trade Desk, Inc. TTD Director Gokul Rajaram sold a total of 2,999 shares at an average price of $60.93. The insider received around $182.73 thousand from selling those shares.
• What’s Happening: Benchmark recently reiterated Trade Desk with a Sell and maintained a $38 price target.
• What Trade Desk Does: The Trade Desk provides a self-service platform that helps advertisers and ad agencies programmatically find and purchase digital ad inventory (display, video, audio, native, and social) on different devices like computers, smartphones, digital out of home, and connected TVs.

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