J.B. Hunt Transport, JFrog And 2 Other Stocks Insiders Are Selling

The Nasdaq 100 closed higher by around 0.55% on Wednesday. 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.

J.B. Hunt Transport

• The Trade: J.B. Hunt Transport Services, Inc. JBHT Director, Chairman of the Board, James Thompson sold a total of 4,000 shares at an average price of $206.48. The insider received around $825,920 from selling those shares.
• What’s Happening: J.B. Hunt Transport Services said fourth-quarter revenue fell 9% Y/Y to $3.30 billion, beating the consensus of $3.28 billion.
• What J.B. Hunt Transport Does: J.B. Hunt Transport Services ranks among the top surface transportation companies in North America by revenue.

Have a look at our premarket coverage here

One Stop Systems

• The Trade: One Stop Systems, Inc. OSS 10% owner Steve Cooper sold a total of 206,040 shares at an average price of $1.81. The insider received around $372,932 from selling those shares.
• What’s Happening: OSS and FLYHT expanded relationship with the design and manufacturing of 5G enabled AFIRS(TM) Edge Solution.
• What One Stop Systems Does: One Stop Systems Inc designs and manufactures innovative Artificial intelligence (AI) Transportable edge computing modules and systems, including ruggedized servers, compute accelerators, expansion systems, flash storage arrays and Ion Accelerator SAN, NAS and data recording software for AI workflows.

Veeva Systems

• The Trade: Veeva Systems Inc. VEEV President and COO Thomas Schwenger sold a total of 1,238 shares at an average price of $210.02. The insider received around $260,001 from selling those shares.
• What’s Happening: Keybanc analyst Scott Schoenhaus maintained Veeva with an Overweight and raised the price target from $210 to $232.
• What Veeva Systems Does: Veeva is the global leading supplier of cloud-based software solutions for the life sciences industry.

JFrog

• The Trade: JFrog Ltd. FROG Director Frederic Simon sold a total of 35,000 shares at an average price of $34.33. The insider received around $1.2 million from selling those shares. The company’s Chief Executive Officer also sold 1,200 shares of the company.
• What’s Happening: Needham analyst Mike Cikos recently maintained JFrog with a Buy and raised the price target from $31 to $40.
• What JFrog Does: JFrog Ltd provides an end-to-end, hybrid, universal DevOps Platform that powers and controls the software supply chain, enabling organizations to continuously and securely deliver software updates across any system.

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