Accenture, Robinhood And 2 Other Stocks Insiders Are Selling

The Nasdaq 100 closed higher by over 1% 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.

Halliburton

• The Trade: Halliburton Company HAL EVP, Secretary and CLO Van Beckwith sold a total of 5,000 shares at an average price of $42.84. The insider received around $214,200 from selling those shares.
• What’s Happening: Halliburton and Core Laboratories announced a strategic alliance aimed at expediting the delivery of comprehensive digital rock data solutions in the U.S.
• What Halliburton Does: Halliburton is one of the three largest oilfield service firms in the world, offering superior expertise in a number of business lines, including completion fluids, wireline services, cementing, and countless others.

Have a look at our premarket coverage here

Pinterest

• The Trade: Pinterest, Inc. PINS Former SVP, Products Naveen Gavini sold a total of 9,597 shares at an average price of $28.08. The insider received around $269,437 from selling those shares.
• What’s Happening: Entravision Communications disclosed an international sales partnership with the visual inspiration platform Pinterest
• What Pinterest Does: Pinterest is an online product and idea discovery platform that helps users gather ideas on everything from recipes to cook to destinations to travel to.

Accenture

• The Trade: Accenture plc ACN CEO EMEA Jean-Marc Ollagnier sold a total of 6,250 shares at an average price of $302.04. The insider received around $1.89 million from selling those shares.
• What’s Happening: Accenture announced a strategic investment through Accenture Ventures in Aliro Quantum.
• What Accenture Does: Accenture is a leading global IT-services firm that provides consulting, strategy, and technology and operational services.

Robinhood Markets

• The Trade: Robinhood Markets, Inc. HOOD Chief Creative Officer Baiju Bhatt sold a total of 90,021 shares at an average price of $9.43. The insider received around $848,997 from selling those shares.
• What’s Happening: Needham analyst John Todaro recently initiated coverage on Robinhood with a Hold rating.
• What Robinhood Does: Robinhood Markets Inc is creating a modern financial services platform. It designs its own products and services and delivers them through a single, app-based cloud platform supported by proprietary technology.

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