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Sunday's Bonus Story 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 recently seen notable insider selling. Below, we break down those sales and explain 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 giant Netflix (NASDAQ: NFLX) has recorded about $141 million worth of insider selling. With shares up roughly 24% in 2025, some investors worry insiders may be locking in gains after the rally. That concern intensified because about $88 million of those sales occurred after the company's Q3 2025 earnings report. Netflix fell 10% on Oct. 22 in reaction to the results — its largest single-day drop since 2022 — prompting questions about whether insiders see tougher times ahead. However, most of Netflix's recent selling is unlikely to be an immediate warning sign. Roughly 96% — about $135 million — of the sales were executed under predetermined 10b5-1 plans. Because those plans specify sales well in advance, they generally don't reflect a reaction to new information, and therefore aren't strong near-term bearish signals. Moreover, Wall Street still sees upside after the pullback. The MarketBeat consensus price target of roughly $1,340 implies potential gains of more than 21% from current levels. Las Vegas Sands CEO Sells Nearly $100 Million After Earnings Spike Insider sales at Las Vegas Sands (NYSE: LVS) present a different picture. The integrated-resort operator, with properties in Asia and elsewhere, recorded insider sales totaling more than $94 million between Oct. 27 and Oct. 31. Crucially, none of these sales were executed under 10b5-1 plans, which increases the chance they reflect discretionary decisions. All the sales were by the company's Chairman and CEO, Robert Goldstein, and came after shares jumped over 12% on Oct. 23 following a strong earnings report. Given the timing and size of the transactions, this activity is a moderately bearish signal. That said, the market largely shrugged off the sales and the stock continued to move higher. Still, analyst sentiment appears more cautious: the MarketBeat consensus price target of just above $64 implies slightly more than 1% downside, and recently updated targets cluster near that level. TE Connectivity: Insider Sales and Updated Price Targets Tell Different Stories Finally, tech supplier TE Connectivity (NYSE: TEL) has seen both strong share gains 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. The stock is up nearly 72% in 2025. On Nov. 3, insiders sold more than $26 million of stock. None of these sales were done under 10b5-1 plans, and a $20.3 million sale by CFO Heath Mitts was the largest single sale at TE in 2025. Taken together, the sales read as a moderately bearish indicator. Still, Wall Street's view is mixed. The MarketBeat consensus price target of just under $242 suggests little expected movement, but analyst updates after the Oct. 29 earnings release raise the average target to about $266 — roughly 10% upside. Why Insider Selling Doesn't Always Signal Weakness Insider selling can mean different things depending on context. Sales made under 10b5-1 plans often reflect prearranged decisions rather than a change in an insider's view. Sales made immediately after big price moves or earnings surprises — especially when not under 10b5-1 plans and when coming from a company's top executive — can warrant closer scrutiny. In this roundup, Netflix's selling looks less concerning because most of it came from 10b5-1 plans, while Las Vegas Sands' CEO sales are a clearer cautionary signal given their timing and size. TE Connectivity sits in between: its insider sales raise questions, but analyst updates suggest there may still be room to run if demand from data-center buildouts continues. For investors, the takeaway is to evaluate insider trades in context: consider whether sales are preplanned, who is selling, when the sales occurred, and how they compare with analyst expectations and the company's fundamentals. That approach will help you distinguish routine portfolio actions from signals that merit deeper investigation.
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