4 Stocks Insiders Are Selling

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.

Dropbox

• The Trade: Dropbox, Inc. DBX President Timothy Young disposed a total of 12550 shares at an average price of $25.05. The insider received $281,760.75 as a result of the transaction.
• What’s Happening: Berenberg, earlier during the month, initiated coverage on Dropbox with a Hold rating and announced a price target of $25.
• What Dropbox Does: Dropbox is a leading provider of cloud-storage and content collaboration tools with an emphasis on individuals and SMB. The company was founded in 2007 and was a pioneer in cloud storage and cross-platform file syncing.

MEDNAX

• The Trade: MEDNAX, Inc. MD Director MD Roger Medel sold a total of 136382 shares at an average price of 27.23. The insider received $3,713,145.48 from selling those shares.
• What’s Happening: Credit Suisse recently maintained Mednax with an Outperform and lowered the price target from $33 to $32.
• What MEDNAX Does: Mednax Inc provides physician services to hospitals, intensive care units, and other medical units. The services provided by the company include maternal care for expectant mothers, intensive care for premature babies, cardiology care for infants suffering from heart defects, and anesthesia care during surgeries, among others.

Kforce

• The Trade: Kforce Inc. KFRC President Joseph Liberatore sold a total of 58724 shares at an average price of $76.65. The insider received $4,501,440.76 as a result of the transaction.
• What’s Happening: Kforce recently announced Joseph J. Liberatore will succeed David L. Dunkel as CEO.
• What Kforce Does: Kforce Inc provides professional and technical specialty staffing services and solutions. The company operates three business segments: technology, finance and accounting, and government solutions.

T. Rowe Price

• The Trade: T. Rowe Price Group, Inc. TROW CEO Stromberg William J sold a total of 15000 shares at an average price of $199.58. The insider received $2,993,680.06 from selling those shares.
• What’s Happening: BMO Capital recently upgraded T. Rowe Price from Market Perform to Outperform and lowered the price target from $253 to $246.
• What T. Rowe Price Does: T. Rowe Price provides asset-management services for individual and institutional investors. It offers a broad range of no-load U.S. and international stock, hybrid, bond, and money market funds.