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Sunday'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 across streaming, leisure and data-center equipment have experienced significant insider selling recently. Below, we break down those transactions and what they could 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% in 2025, those sales raise the question of whether insiders are taking profits after a strong run. Adding to the scrutiny: about $88 million of the sales occurred after the company's Q3 2025 earnings report. Netflix fell 10% on Oct. 22 in response to the results — its largest single-day drop since 2022. Do insiders see a turning point at Netflix after the disappointing quarter? In this case, there's likely little cause for alarm. Roughly 96% (about $135 million) of the sales were executed under predetermined 10b5-1 plans. Transactions made under these plans are generally not bearish indicators because insiders set the sale parameters well before the trades occur. They therefore don't necessarily reflect reactions to recent events or newly discovered information. Notably, Wall Street still sees considerable upside after the pullback. The MarketBeat consensus price target of roughly $1,340 implies more than 21% upside from current levels. Las Vegas Sands CEO Sells Nearly $100 Million After Earnings Spike By contrast, the insider activity at Las Vegas Sands (NYSE: LVS) is more concerning. The company operates integrated resorts — including casinos, hotels and retail — primarily in Asia. Between Oct. 27 and Oct. 31, Las Vegas Sands reported insider sales exceeding $94 million. Importantly, none of these transactions were made under 10b5-1 plans, which increases the likelihood they signal a negative outlook. All of the sales were executed by Chairman and CEO Robert Goldstein. The timing is notable: Las Vegas Sands shares had already returned about 30% in 2025, and the sales followed a more than 12% jump on Oct. 23 after a strong earnings report. The size and timing of Goldstein's sales constitute a moderately bearish signal for the stock. The market initially shrugged off the news and the shares continued to rise, but Wall Street appears cautious. The MarketBeat consensus price target of just over $64 implies slightly more than 1% downside, and recently updated analyst targets sit close to that level. TE Connectivity: Insider Sales and Updated Price Targets Tell Different Stories Finally, industrial tech supplier TE Connectivity (NYSE: TEL) has seen its stock and insider sales surge. The company makes connectivity solutions for power and data transmission, and demand from data centers has been especially strong — TE's Digital Data Networks end market grew 80% last quarter. The stock has returned nearly 72% in 2025. On Nov. 3, TE reported more than $26 million in insider sales. None of these trades were done through 10b5-1 plans. The largest was a $20.3 million sale by Chief Financial Officer Heath Mitts — the biggest single insider sale at TE in 2025 — which looks like a moderately bearish signal. However, analyst sentiment is mixed. The MarketBeat consensus price target of just under $242 implies essentially flat expectations. Targets updated after the Oct. 29 earnings release tell a different story: the average of those revised targets is about $266, suggesting roughly 10% upside. Why Insider Selling Doesn't Always Signal Weakness These insider transactions point to different interpretations. Netflix's selling appears procedural and not necessarily negative, while Las Vegas Sands' CEO sales are a clearer cause for caution. TE Connectivity sits between those extremes — insider sales look somewhat bearish, but updated analyst targets still indicate meaningful upside. For TE, continued strength in data center buildouts could sustain demand for its products, supporting further share gains. That said, the company's valuation is near historic highs, so continued growth will need to hold up to justify current levels.
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