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Further Reading from MarketBeat.com Insiders Sold Big at These 3 Stocks—Should You Worry?Written by Leo Miller. Published 11/10/2025. 
Key Points - In less than six weeks, Netflix insiders have sold nearly $150 million worth of shares. Over half of this selling occurred after the company's Q3 earnings report, which sent shares plummeting.
- The CEO of a $44 billion leisure stock is dumping shares after they made a move up in October.
- TE Connectivity is up more than 70% in 2025 and is growing its data center business by 80%. The stock just saw its largest insider sale of the year.
Insider selling has picked up recently at several large companies across streaming, leisure, and data-center equipment. Below, we break down those sales and what they may — and may not — mean for investors. Netflix Insiders Dump Over $140 Million in Stock; A Red Flag? Since early October, video-streaming giant Netflix (NASDAQ: NFLX) has recorded about $141 million in insider sales. With shares up roughly 24% in 2025, that has prompted questions about whether insiders are cashing out after the rally. Expert Reveals: The #1 Retirement Play for 2025
"We're Entering the Greatest Energy Bull Market Since the Industrial Revolution" — Larry Benedict Click right here to watch it now… Much of the activity occurred after Netflix's Q3 2025 report: the stock fell about 10% on Oct. 22 — its largest one-day drop since 2022 — and roughly $88 million of the insider sales followed that decline. That timing could look worrisome at first glance. However, most of the selling appears procedural rather than ominous. Approximately 96% (about $135 million) of the sales were executed under predetermined 10b5-1 plans. These plans set up scheduled trades in advance, so sales made through them typically do not reflect a change in insiders' views triggered by recent company events. Wall Street still sees upside for Netflix after the pullback. The MarketBeat consensus price target of roughly $1,340 implies more than 21% potential upside from current levels. Las Vegas Sands CEO Sells Nearly $100 Million After Earnings Spike Insider sales at Las Vegas Sands (NYSE: LVS) are more notable. The integrated-resort operator, which runs casinos, hotels and retail properties in Asia and elsewhere, logged insider sales totaling more than $94 million between Oct. 27 and Oct. 31. None of these sales were executed under 10b5-1 plans, and they all came from Chairman and Chief Executive Officer Robert Goldstein. The timing is striking: Sands shares had returned about 30% in 2025 and jumped more than 12% on Oct. 23 after a strong earnings report, with the insider sales following that surge. The combination of size, timing and the fact the sales were not prearranged creates a moderately bearish signal for Las Vegas Sands. The market, however, initially shrugged it off, and the stock continued to trade higher even after the disclosures. Still, analyst sentiment is tepid: the MarketBeat consensus price target of just over $64 implies a slight downside of about 1%, and recently updated targets remain close to that level. TE Connectivity: Insider Sales and Updated Price Targets Tell Different Stories Tech company TE Connectivity (NYSE: TEL), which makes connectivity solutions for power and data transmission, has also seen heavy insider selling amid a strong run. Its Digital Data Networks end market grew by 80% last quarter, according to the company, and the stock has returned nearly 72% year to date. On Nov. 3, insiders sold more than $26 million of shares. None of these transactions were part of 10b5-1 plans, and the $20.3 million sale by Chief Financial Officer Heath Mitts was the largest single insider sale at TE in 2025. Taken at face value, these trades look like a moderately bearish signal. Still, analysts' price-target revisions following TE's Oct. 29 earnings paint a brighter picture. The MarketBeat consensus price target of just under $242 suggests roughly flat performance from current levels, but the average of targets updated after the earnings release is about $266 — implying roughly 10% upside. Why Insider Selling Doesn't Always Signal Weakness Insider sales can reflect many motivations, including tax planning, diversification, or routine prearranged selling, so they don't always indicate impending company trouble. In the cases above, Netflix's sales mostly occurred under 10b5-1 plans and therefore carry limited informational value, while Las Vegas Sands' and TE Connectivity's non-plan sales are more suggestive of insider concern or opportunistic profit-taking. Overall, Netflix and TE Connectivity still show potential upside from analysts' views, with TE particularly tied to continued data-center demand. That demand appears likely to remain strong, supporting the company's growth, but TE will need to sustain or accelerate growth to justify a valuation near its highs.
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