Accenture, Lyft And 2 Other Stocks Insiders Are Selling

The Nasdaq 100 closed slightly lower on Thursday. Investors, meanwhile, focused on some notable insider trades.

When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company’s prospects or that they view the stock as being overpriced. 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.

Accenture

• The Trade: Accenture plc ACN Director Jaime Ardila sold a total of 3,000 shares at an average price of $353.18. The insider received around $1.06 million from selling those shares.
• What’s Happening: Accenture recently reported first-quarter sales of $16.22 billion compared with the consensus of $16.20 billion.
• What Accenture Does: Accenture is a leading global IT-services firm that provides consulting, strategy, and technology and operational services.

Have a look at our premarket coverage here

Roblox

• The Trade: Roblox Corporation RBLX Director Gregory Baszucki sold a total of 8,333 shares at an average price of $46.66. The insider received around $388,829 from selling those shares.
• What’s Happening: Wells Fargo analyst Ken Gawrelski recently initiated coverage on Roblox with an Overweight rating and announced a price target of $49.
• What Roblox Does: Roblox operates an online video game platform that lets young gamers create, develop, and monetize games (or "experiences") for other players.

Lyft

• The Trade: Lyft, Inc. LYFT Chief Accounting Officer Lisa Blackwoodkapral sold a total of 18,581 shares at an average price of $15.26. The insider received around $283,457 from selling those shares.
• What’s Happening: Wedbush analyst Daniel Ives recently maintained Lyft with a Neutral and raised the price target from $12 to $14.
• What Lyft Does: Lyft is the second-largest ride-sharing service provider in the U.S. and Canada, connecting riders and drivers over the Lyft app.

Coinbase Global

• The Trade: Coinbase Global, Inc. COIN Director Frederick Ernest Ehrsam III sold a total of 101,936 shares at an average price of $173.76. The insider received around $17.71 million from selling those shares.
• What’s Happening: Coinbase International Exchange recently announced the introduction of non-US spot markets, marking a new phase in its expansion.
• What Coinbase Global Does: Founded in 2012, Coinbase is the leading cryptocurrency exchange platform in the United States.

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