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For Your Education and Enjoyment 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 significant insider selling recently. Below, we break down those sales and explain what they may 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, this has prompted questions about whether insiders are trimming positions after a strong run. Years before it became a household name, Shopify showed an early momentum pattern that experienced traders used to catch a 120% move — and that same repeatable signal has just appeared on a new small-cap ticker that hasn't hit the mainstream yet. Our free Momentum Trading Report breaks down how to spot these stealth setups and reveals which names are flashing right now. Get early access to the free Momentum Trading Report here Adding to the concern, about $88 million of those sales happened after the company's Q3 2025 earnings report. Netflix fell 10% on Oct. 22 in reaction to the report — its largest single-day drop since 2022. Do insiders believe the company's outlook has changed following the disappointing results? Overall, there is likely little cause for alarm. Approximately 96% — or $135 million — of the sales were executed through predetermined 10b5-1 plans. Transactions under these plans are generally not bearish near-term signals because insiders set the sale schedule in advance, rather than reacting to recent events. Notably, Wall Street still sees meaningful upside for Netflix after the pullback. The MarketBeat consensus price target of about $1,340 implies potential upside 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), by contrast, are more concerning. The company operates integrated resorts — casinos, hotels and retail properties — primarily in Asia. Between Oct. 27 and Oct. 31, insiders sold just over $94 million of stock. None of those sales were executed under 10b5-1 plans, which increases the likelihood they reflect a deliberate decision to reduce holdings. All of the sales came from Chairman and CEO Robert Goldstein, occurring after shares jumped more than 12% on Oct. 23 following a strong earnings report. That combination — a large insider sale by the CEO immediately after an earnings-driven rally — reads as a moderately bearish signal. Still, the market largely shrugged: the stock continued to trade higher even as the sales were disclosed. Wall Street analysts appear skeptical that further gains are likely. The MarketBeat consensus price target of just over $64 implies a slight downside of about 1%, and recently updated targets sit near that level. TE Connectivity: Insider Sales and Updated Price Targets Tell Different Stories Finally, industrial-tech company TE Connectivity (NYSE: TEL) has seen both its stock and insider sales rise sharply. TE makes a range of connectivity solutions for transmitting power and data, and demand from data centers has been particularly strong: TE's 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 shares. None of these trades were through 10b5-1 plans, and the $20.3 million sale by Chief Financial Officer Heath Mitts is the largest single insider sale at TE this year. Those facts make the transactions appear moderately bearish. However, analyst views are mixed. The MarketBeat consensus price target of just under $242 implies little to no change from current levels. At the same time, price targets updated after TE's Oct. 29 earnings averaged roughly $266, suggesting about 10% upside. Why Insider Selling Doesn't Always Signal Weakness Insider sales can point investors in different directions depending on context. In this group, Netflix and TE Connectivity still show notable upside potential despite recent selling, while the Las Vegas Sands transactions from the CEO are a clearer cautionary sign. For TE, continued demand from data center buildouts supports a bullish case, but growth must remain strong to justify the company's near–all-time-high valuation. As always, investors should weigh insider activity alongside fundamentals, analyst outlooks and broader market conditions before making decisions.
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