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The Earnings360 Team
Today's Featured Content 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.
Major companies across streaming, leisure and data-center equipment have seen notable insider selling recently. 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 the beginning of October, video-streaming behemoth Netflix (NASDAQ: NFLX) has recorded roughly $141 million in insider sales. With shares up about 24% year-to-date in 2025, that level of selling prompts questions about whether insiders are cashing out after a strong run. Adding to the scrutiny: roughly $88 million of those sales occurred after the company's Q3 2025 earnings report. Netflix fell 10% on Oct. 22 in response — its largest single-day drop since 2022. Do insiders see a turning point after disappointing results? In this case, there is probably little cause for alarm. About 96% — roughly $135 million — of the sales were executed under predetermined 10b5-1 plans. Sales made under those plans are scheduled in advance and typically do not indicate an immediate bearish view by insiders. Because the timing is set well before execution, 10b5-1 sales usually don't reflect reactions to recent events or short-term outlook changes. Wall Street still sees upside after the recent pullback. The MarketBeat consensus price target of about $1,340 implies more than 21% potential upside from current levels. Las Vegas Sands CEO Sells Nearly $100 Million After Earnings Spike By contrast, insider sales at Las Vegas Sands (NYSE: LVS) look more concerning. The company operates integrated resorts — including casinos, hotels and retail properties — primarily in Asia. Between Oct. 27 and Oct. 31, insiders sold more than $94 million of stock. None of these transactions were made under 10b5-1 plans, which increases the chance they reflect a deliberate decision to reduce holdings. All of the sales came from Chairman and CEO Robert Goldstein and followed a more than 12% share spike on Oct. 23 after the company reported strong earnings. Given the size of the sales and their timing, this creates a moderately bearish signal. The market initially shrugged off the selling and the stock continued to trade higher, but analysts appear cautious. The MarketBeat consensus price target of just over $64 implies slightly more than 1% downside, and recently updated targets remain close to that level. TE Connectivity: Insider Sales and Updated Price Targets Tell Different Stories Finally, industrial tech maker TE Connectivity (NYSE: TEL) has seen both a sharp share rally and meaningful insider selling. The company supplies connectivity solutions for power and data transmission, and its Digital Data Networks end market grew 80% last quarter as data centers increased purchases. The stock is up just under 72% year-to-date in 2025. On Nov. 3, insiders sold more than $26 million of shares. None of those sales were under 10b5-1 plans. The largest single transaction was a $20.3 million sale by Chief Financial Officer Heath Mitts — the biggest insider sale at TE this year. Those factors could be viewed as moderately bearish. Yet the analyst community's updates after the Oct. 29 earnings release suggest more upside than the headline consensus implies. The MarketBeat consensus price target near $242 indicates little net movement, but recently updated targets average roughly $266, implying about 10% upside. Why Insider Selling Doesn't Always Signal Weakness These three cases illustrate why insider selling can be interpreted differently depending on context. Sales executed under 10b5-1 plans (as with most of Netflix's recent transactions) are generally scheduled and less informative about management's near-term outlook. By contrast, large unscheduled sales by a CEO, like those at Las Vegas Sands, can be a more meaningful signal. For TE Connectivity, the mix of sizable insider sales and bullish analyst revisions highlights a divergence between insider behavior and external expectations. With ongoing data-center buildouts, demand for TE's products may remain strong — though continued growth will be necessary to justify the stock's elevated valuation. Investors should consider the specifics behind each sale — the use of 10b5-1 plans, who is selling, timing relative to earnings or stock moves, and analyst outlooks — rather than treating insider selling as a universal red flag. Context matters.
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