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Today'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.
Significant players across streaming, leisure and data-center equipment have seen large bouts of insider selling recently. Below, we break down those sales and explain what they likely 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 of insider selling. With shares up about 24% in 2025, it's natural to wonder whether insiders are taking profits after the rally. Much of the activity followed Netflix's Q3 2025 earnings: about $88 million of the sales occurred after the company reported results and the stock fell roughly 10% on Oct. 22 — its largest single-day drop since 2022. That timing understandably raises questions about insiders' outlook. However, the details reduce the cause for concern. Approximately 96% (about $135 million) of the sales were executed through prearranged 10b5-1 plans. Sales under these plans are typically scheduled in advance and therefore are not strong near-term bearish signals, since they don't reflect reactions to recent events. Moreover, Wall Street still sees meaningful upside for Netflix after the pullback. The MarketBeat consensus price target near $1,340 implies roughly 21% potential upside from current levels. Las Vegas Sands CEO Sells Nearly $100 Million After Earnings Spike Insider activity at Las Vegas Sands (NYSE: LVS) is a different story. The integrated-resort operator, with casinos and hotels primarily in Asia, reported insider sales totaling more than $94 million between Oct. 27 and Oct. 31. None of these transactions were reported as part of 10b5-1 plans, and every sale was executed by Chairman and CEO Robert Goldstein. The sales followed a >12% share spike on Oct. 23 after a strong earnings report, and come after a 30% total return for the stock in 2025 — a combination that can be interpreted as a moderately bearish signal. The market initially shrugged off the disclosures and the stock continued to trade higher, but analyst sentiment is less optimistic. The MarketBeat consensus price target just above $64 implies roughly a 1% downside from current levels, and recently updated targets cluster near that figure. TE Connectivity: Insider Sales and Updated Price Targets Tell Different Stories Tech firm TE Connectivity (NYSE: TEL) has seen both outsized share gains and notable insider selling. The company supplies connectivity solutions for power and data; its Digital Data Networks end market grew about 80% last quarter, and the stock is up nearly 72% in 2025. On Nov. 3, insiders sold more than $26 million of stock. These were not 10b5-1 plan sales — and the $20.3 million block by Chief Financial Officer Heath Mitts is the largest single sale at TE this year — which makes the activity look moderately bearish on its face. Yet analyst expectations paint a mixed picture. The MarketBeat consensus price target just under $242 implies little change from current levels, but price targets updated after the Oct. 29 earnings release average about $266, suggesting roughly 10% upside. Why Insider Selling Doesn't Always Signal Weakness Insider sales can mean different things depending on context. In Netflix's case, most sales were preplanned and therefore unlikely to signal a shift in outlook. For TE Connectivity, recent sales raise some caution, but stronger, post-earnings price targets indicate analysts still see upside potential. TE's appetite for data-center customers and continued data-center buildouts support expectations for sustained demand, but the company will need to maintain or accelerate growth to justify its near–all-time-high valuation.
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