Roblox And 3 Other Stocks Insiders Are Selling

The Nasdaq Composite closed sharply higher on Thursday. 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.

Roblox

• The Trade: Roblox Corporation RBLX Director Gregory Baszucki sold a total of 8,334 shares at an average price of $37.92. The insider received around $316 thousand from selling those shares.
• What’s Happening: Roblox said daily active users totaled 66.2 million last month, representing an increase of 26% year-over-year. Hours engaged also jumped 26% to 4.8 billion.
• What Roblox Does: Roblox operates an online video game platform that lets young gamers create, develop, and monetize games (or "experiences") for other players.

Have a look at our premarket coverage here

DexCom

• The Trade: DexCom, Inc. DXCM EVP Managing Director Dexcom V Steven Pacelli sold a total of 5,031 shares at an average price of $126.00. The insider received around $633.91 thousand from selling those shares.
• What’s Happening: DexCom posted better-than-expected quarterly results.
• What DexCom Does: Dexcom designs and commercializes continuous glucose monitoring systems for diabetic patients.

Simulations Plus

• The Trade: Simulations Plus, Inc. SLP Director Virginia E. Woltosz sold a total of 20,000 shares at an average price of $41.52. The insider received around $830.44 thousand from selling those shares.
• What’s Happening: Simulations Plus received FDA renewal for DILIsym Software Licenses.
• What Simulations Plus Does: Simulations Plus Inc is engaged in the software industry. It develops and produces software for use in pharmaceutical research and education, and provides consulting and contract research services to the pharmaceutical industry.

Simpson Manufacturing

• The Trade: Simpson Manufacturing Co., Inc. SSD Director Winifred Karen Colonias sold a total of 9,136 shares at an average price of $125.35. The insider received around $1.15 million from selling those shares.
• What’s Happening: Simpson Manufacturing reported better-than-expected Q1 EPS and sales results.
• What Simpson Manufacturing Does: Simpson Manufacturing Co Inc is a manufacturer of wood construction products.
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