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Sunday's Bonus Content 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 experienced notable 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 early October, video streaming giant Netflix (NASDAQ: NFLX) has seen roughly $141 million worth of insider selling. With shares up about 24% in 2025, this has prompted questions about whether insiders are taking profits after the rally. See Where Market Pressure Is Building First
Market Crux tracks inflection zones and early tension points across small caps.
These signals often appear before the first fast move. Get Free Alerts — Follow the Pressure Points That concern intensified because $88 million of these sales occurred after the company's Q3 2025 earnings report. Netflix fell 10% on Oct. 22 following the report — its largest single-day drop since 2022 — raising the question of whether insiders expect a slowdown. However, there is likely little cause for alarm. About 96% — roughly $135 million — of the sales were executed under predetermined 10b5-1 plans. Sales under those prearranged plans are generally not considered near-term bearish signals because insiders set the terms before the trades are carried out, rather than reacting to recent events. Moreover, Wall Street still sees substantial upside for Netflix after the pullback. The MarketBeat consensus price target near $1,340 implies more than 21% potential upside from current levels. Las Vegas Sands CEO Sells Nearly $100 Million After Earnings Spike Conversely, insider sales at Las Vegas Sands (NYSE: LVS) appear more concerning. Las Vegas Sands operates integrated resorts — including casinos, hotels and retail properties in Asia — and between Oct. 27 and Oct. 31 the company reported insider sales totaling over $94 million. None of those sales were made under 10b5-1 plans, which raises the possibility they reflect current sentiment rather than preplanned dispositions. All the transactions were by Chairman and CEO Robert Goldstein. That's notable given LVS has delivered a roughly 30% total return so far in 2025, and the sales followed a more than 12% share spike on Oct. 23 after a strong earnings report. The magnitude of Goldstein's sales combined with the recent run-up in the stock is a moderately bearish signal. Yet the market largely shrugged — the shares continued to climb after the disclosures. Still, analysts appear cautious: the MarketBeat consensus price target just above $64 implies a little more than 1% downside, and recently updated targets sit close to 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 rise and substantial insider selling. The company produces a broad range of connectivity solutions for transmitting power and data. Its Digital Data Networks end market grew about 80% last quarter, and the stock has returned nearly 72% in 2025. On Nov. 3, TE reported more than $26 million in insider sales. None of those sales were 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, these transactions look like moderately bearish signals. Still, analysts are not unanimous in their caution. The MarketBeat consensus price target just under $242 implies little net upside from current levels. However, price targets updated after TE's Oct. 29 earnings average about $266, which would represent roughly 10% upside. Why Insider Selling Doesn't Always Signal Weakness Insider sales across these companies point investors in different directions. Netflix's sales largely reflect preplanned selling and leave meaningful upside intact, while Las Vegas Sands' CEO-led, non-10b5-1 transactions are a clearer cautionary sign. TE Connectivity sits between those cases: insiders sold after a big run, yet updated analyst targets suggest further upside tied to data-center demand. With data-center buildouts continuing and demand for connectivity equipment expected to remain strong, TE's end markets could sustain growth. Still, that growth must continue or accelerate to justify the company's near–all-time-high valuation.
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