Roku, Boyd Gaming And 2 Other Stocks Insiders Are Selling

The Nasdaq 100 closed lower by around 0.4% on Monday. 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.

WillScot Mobile Mini

• The Trade: WillScot Mobile Mini Holdings Corp. WSC Director Jeffrey Sagansky sold a total of 75,000 shares at an average price of $47.50. The insider received around $3.56 million from selling those shares.
• What’s Happening: On Feb. 20, WillScot Mobile Mini posted downbeat quarterly earnings.
• What WillScot Mobile Mini Does: WillScot Mobile Mini Holdings Corp is a business services provider specializing in flexible workspace and portable storage solutions.

Have a look at our premarket coverage here

Boyd Gaming

• The Trade: Boyd Gaming Corporation BYD 10% owner William S Boyd sold a total of 125,000 shares at an average price of $63.29. The insider received around $7.9 million from selling those shares.
• What’s Happening: On Feb. 29, Boyd Gaming increased its quarterly dividend to 17 cents per share.
• What Boyd Gaming Does: Boyd Gaming Corp is a multi-jurisdictional gaming company. The company operates wholly-owned gaming entertainment properties (casino space, slot machines, table games, and hotel rooms) in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania.

Integral Ad Science Holding

• The Trade: Integral Ad Science Holding Corp. IAS CFO Tania Secor sold a total of 8,929 shares at an average price of $9.71. The insider received around $86,701 from selling those shares.
• What’s Happening: On Feb. 27, Integral Ad Science Holding reported upbeat results for its fourth quarter.
• What Integral Ad Science Holding Does: Integral Ad Science Holding Corp is a digital advertising verification company.

Roku

• The Trade: Roku, Inc. ROKU President, Roku Media Charles Collier sold a total of 4,182 shares at an average price of $65.00. The insider received around $271,830 from selling those shares.
• What’s Happening: On Feb. 15, Roku reported fourth-quarter revenue of $984.42 million, which was up 14% year-over-year.
• What Roku Does: Roku is the leading streaming platform in the U.S. by hours watched with 87.4 billion hours of content streamed in 2022.

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