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Monday's Bonus 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 in streaming, leisure, and data-center equipment have recently seen significant insider selling. Below, we break down those trades and what they 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 worth of insider selling. With shares up about 24% in 2025, that has prompted questions about whether insiders are taking profits after the rally. A free report revealing the 7 key indicators that have predicted every major economic collapse since 1929.
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These aren't the signals you'll see on CNBC. Claim Your Free Report Now » Adding to the concern, about $88 million of those sales came after the company's Q3 2025 earnings report. Netflix fell roughly 10% on Oct. 22 following the report — its largest single-day drop since 2022. Do these post-earnings sales signal a change in insider sentiment? There is likely little to worry about. Approximately 96% — roughly $135 million — of the reported sales were executed under predetermined 10b5-1 plans. Trades made under these plans are typically scheduled well in advance, so they generally do not indicate insiders are reacting to recent developments or signaling near-term bearishness. Moreover, Wall Street still sees upside for Netflix after the pullback. The MarketBeat consensus price target around $1,340 implies potential gains of more than 21% from current levels. Las Vegas Sands CEO Sells Nearly $100 Million After Earnings Spike In contrast, insider activity at Las Vegas Sands (NYSE: LVS) looks more concerning. The integrated-resort operator, with major properties in Asia, recorded insider sales totaling over $94 million between Oct. 27 and Oct. 31. None of those sales were made under 10b5-1 plans, which raises the possibility they are a bearish signal. All of the trades were disclosed as coming from Chairman and CEO Robert Goldstein. The timing is notable: Las Vegas Sands shares have returned about 30% in 2025, and the sales followed a more than 12% jump on Oct. 23 after a strong earnings report. Combined, the size and timing of Goldstein's sales present a moderately bearish sign for Las Vegas Sands. The market, however, largely shrugged — the stock continued to rise after the disclosures. Still, analysts appear cautious: the MarketBeat consensus price target of just above $64 implies a bit more than 1% downside, and recently updated targets cluster near that level. TE Connectivity: Insider Sales and Updated Price Targets Tell Different Stories Lastly, industrial-tech firm TE Connectivity (NYSE: TEL) has seen both its share price and insider selling rise sharply. The company supplies connectivity solutions for power and data transmission, and demand from data centers has been strong — TE's Digital Data Networks end market grew about 80% last quarter. The stock has returned just under 72% in 2025. On Nov. 3, insiders sold more than $26 million worth of stock. None of those trades were reported as 10b5-1 plan sales. The largest single transaction — a $20.3 million sale by Chief Financial Officer Heath Mitts — is the biggest insider sale at TE this year. These disclosures can reasonably be viewed as moderately bearish. That said, analyst views are mixed. The MarketBeat consensus price target of just under $242 implies little net change from current prices. However, price targets revised after TE's Oct. 29 earnings tend to be higher — the average updated target is about $266, implying roughly 10% upside. Why Insider Selling Doesn't Always Signal Weakness Insider selling prompts different interpretations. In these cases, Netflix and TE Connectivity still show meaningful upside potential, while the Las Vegas Sands sales are more cautionary given their timing and the absence of 10b5-1 plans. TE's exposure to data-center buildouts is a clear tailwind: if demand holds or accelerates, that could support further gains. Still, sustaining its near–all-time-high valuation will require continued strong growth.
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