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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 in streaming, leisure, and data-center equipment have seen significant insider selling recently. 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 behemoth Netflix (NASDAQ: NFLX) has recorded around $141 million worth of insider selling. With shares up roughly 24% in 2025, that spike in selling prompts questions about whether insiders are taking profits after a strong run. Adding to that concern: about $88 million of the sales occurred after the company's Q3 2025 earnings report, when Netflix fell 10% on Oct. 22 — its largest single-day drop since 2022. That timing could look worrisome if the sales were ad hoc reactions to the report. However, most of the activity appears pre-planned. Approximately 96% — about $135 million — of the sales were executed under predetermined 10b5-1 plans. Sales under these plans are typically scheduled well in advance and therefore are not strong near-term bearish signals: insiders set the timing ahead of trade execution rather than responding to recent news. Analysts still see upside for Netflix. The MarketBeat consensus price target of roughly $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) look materially different. The integrated-resort operator, which runs casinos, hotels and retail properties in Asia, reported insider sales totalling more than $94 million between Oct. 27 and Oct. 31. None of these transactions were made under 10b5-1 plans, and all of the sales came from Chairman and CEO Robert Goldstein. Those facts — combined with the timing, after shares jumped more than 12% on Oct. 23 following strong earnings — make the activity a more plausible bearish signal than the Netflix sales. That said, the market largely shrugged off the selling and the stock continued to gain afterward. Still, Wall Street's forecasts are cautious. The MarketBeat consensus price target of just over $64 implies roughly a 1% downside from current levels, and recently updated targets sit around the same mark. TE Connectivity: Insider Sales and Updated Price Targets Tell Different Stories Finally, tech components maker TE Connectivity (NYSE: TEL) has seen strong share gains and notable insider selling. The company supplies connectivity solutions used to transmit power and data, and demand from data centers has been particularly strong — TE's Digital Data Networks end market grew about 80% last quarter. The stock is up nearly 72% year-to-date in 2025. On Nov. 3, TE recorded more than $26 million of insider selling, none of it under 10b5-1 plans. A $20.3 million sale by CFO Heath Mitts was the largest single insider sale at TE this year. Taken at face value, that activity can be viewed as a moderately bearish indicator. At the same time, analyst sentiment is mixed. The MarketBeat consensus price target of just under $242 implies little change from current levels. However, price targets issued after TE's Oct. 29 earnings average about $266, suggesting roughly 10% upside — a notably more bullish view. Why Insider Selling Doesn't Always Signal Weakness These three cases show why insider selling requires context. Sales executed under 10b5-1 plans are often prearranged and less informative about management's current view. When sales are unscheduled, the identity of the seller and timing relative to material events — like earnings — matter more. Netflix's recent selling looks less concerning because most transactions were pre-planned, while Las Vegas Sands' CEO sales — unscheduled and timed after an earnings spike — are a clearer potential red flag. TE Connectivity sits in the middle: meaningful insider sales but also analyst targets that point to further upside given strong demand from data centers. Investors should weigh whether sales were pre-scheduled, who is selling, and how analysts' outlooks line up with current prices before drawing firm conclusions.
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