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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 recently experienced significant insider selling. Below, we break down those sales and 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 seen roughly $141 million in insider sales. With shares up about 24% in 2025, some investors have wondered whether insiders are taking profits after a strong run. What I just learned about what's unfolding in the White House is truly stunning…
And you need to see it for yourself.
Once you see what's unfolding behind the scenes, you'll understand why I rushed this interview and opportunity to you today. Click here to watch this video Adding to that, $88 million of the sales occurred after the company's Q3 2025 earnings report. Netflix fell about 10% on Oct. 22 in reaction to the report — the stock's largest single-day drop since 2022 — which prompted further scrutiny of insider activity. However, these sales are unlikely to signal a major concern. Roughly 96% (about $135 million) of the transactions were executed under predetermined 10b5-1 plans. Sales made under these plans are scheduled in advance and generally do not indicate that insiders are reacting to recent events or trying to exit a position because of new negative information. Notably, Wall Street still sees upside for Netflix after the pullback. The MarketBeat consensus price target of around $1,340 implies more than 21% potential upside from current levels. Las Vegas Sands CEO Sells Nearly $100 Million After Earnings Spike By contrast, insider activity at Las Vegas Sands (NYSE: LVS) is more notable. Between Oct. 27 and Oct. 31, the company reported insider sales totaling more than $94 million, all from Chairman and CEO Robert Goldstein. Importantly, none of these sales were reported under 10b5-1 plans, which raises the possibility that they could be a bearish signal. The timing is also significant: the sales followed a more than 12% jump in the stock on Oct. 23 after a strong earnings report, and shares have returned about 30% year to date. The size and timing of Goldstein's transactions create a moderately bearish signal for Las Vegas Sands. Still, the market largely brushed off the sales, and the stock continued to trade higher. Analysts on average seem cautious: the MarketBeat consensus price target of just over $64 implies slightly more than 1% downside, with recent target updates clustered near that level. TE Connectivity: Insider Sales and Updated Price Targets Tell Different Stories Finally, tech supplier TE Connectivity (NYSE: TEL) has seen both a sharp share-price rise and notable insider selling. The company provides connectivity solutions for power and data transmission, and demand from data centers helped TE's Digital Data Networks end market grow 80% last quarter. The stock has returned just under 72% in 2025. On Nov. 3, insiders reported more than $26 million in sales. None of these were disclosed as 10b5-1-plan transactions. A $20.3 million sale by Chief Financial Officer Heath Mitts was the largest single insider sale at TE in 2025. These moves could reasonably be viewed as moderately bearish. Still, analyst sentiment is mixed. The MarketBeat consensus price target just under $242 implies roughly flat performance from current levels, but price targets revised after TE's Oct. 29 earnings paint a more bullish picture — the average of those updated targets is about $266, implying roughly 10% upside. Why Insider Selling Doesn't Always Signal Weakness Insider sales at these companies point investors to different conclusions. Netflix's activity looks largely procedural because most sales were prearranged under 10b5-1 plans, while Las Vegas Sands' CEO sales — not tied to such plans and timed after an earnings spike — are a clearer caution flag. TE Connectivity sits in between: insider selling amid strong fundamentals and mixed analyst moves. With data-center buildouts still driving demand, TE's products should remain in demand, but sustained growth will be necessary to justify its near–all-time-high valuation. For investors, the bottom line is to consider the context: look at whether sales were part of 10b5-1 plans, the timing relative to company news, and analyst outlooks rather than treating insider selling as an automatic sell signal.
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