Genpact, Nvidia And 2 Other Stocks Insiders Are Selling

The S&P 500 closed 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.

Electronic Arts

• The Trade: Electronic Arts Inc. EA Chief Operating Officer Laura Miele sold a total of 1,500 shares at an average price of $128.00. The insider received around $192 thousand from selling those shares.
• What’s Happening: EA reported fourth-quarter revenue of $1.874 billion. The company said net bookings increased 11% year-over-year to $1.946 billion.
• What Electronic Arts Does: EA is one of the world's largest third-party video game publishers and has transitioned from a console-based video game publisher to the one of the largest publishers on consoles, PC, and mobile.
• Have a look at our premarket coverage here

Jacobs Solutions

• The Trade: Jacobs Solutions Inc. J President and CEO Kevin C Berryman sold a total of 1,500 shares at an average price of $114.25. The insider received around $171.38 thousand from selling those shares.
• What’s Happening: Jacobs and Palantir Technologies reported an expansion of their partnership, focused on leveraging Palantir's AI capabilities to commercialize new AI solutions spanning critical infrastructure, advanced facilities, supply chain management and more.
• What Jacobs Solutions Does: Jacobs Solutions is a global provider of engineering, design, procurement, construction, and maintenance services as well as cyber engineering and security solutions.

NVIDIA

• The Trade: NVIDIA Corporation NVDA EVP and CFO Colette Kress sold a total of 6,124 shares at an average price of $406.51. The insider received around $2.49 million from selling those shares.
• What’s Happening: Citi recently maintained a Buy rating on Nvidia with a price target of $420.
• What NVIDIA Does: Nvidia is the top designer of discrete graphics processing units that enhance the experience on computing platforms.

Genpact

• The Trade: Genpact Limited G Senior Vice President and CHRO Piyush Mehta sold a total of 32,419 shares at an average price of $37.09. The insider received around $1.2 million from selling those shares.
• What’s Happening: Genpact posted upbeat quarterly earnings.
• What Genpact Does: Genpact Ltd is a provider of business process management services.

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