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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 substantial insider selling recently. Below, we break down those sales and explain what they might 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 about $141 million in insider sales. With shares up roughly 24% so far in 2025, that activity has raised questions about whether insiders are taking profits after a strong run.
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About $88 million of the sales occurred after Netflix's Q3 2025 earnings report. The stock fell roughly 10% on Oct. 22 in response to the report — its largest single‑day drop since 2022 — which prompted some observers to wonder if insiders see deteriorating prospects.
However, there is likely little to worry about from these transactions. Approximately 96% (about $135 million) were executed under prearranged 10b5‑1 plans. Sales made under those plans are typically scheduled well in advance and therefore are not strong near‑term bearish signals tied to recent company events.
Moreover, Wall Street still sees considerable upside. The MarketBeat consensus price target of roughly $1,340 suggests potential upside of more than 21% from current levels.
Las Vegas Sands CEO Sells Nearly $100 Million After Earnings Spike
Insider selling at Las Vegas Sands (NYSE: LVS) looks more concerning. The operator of integrated resorts — including casinos, hotels and retail properties in Asia — disclosed insider sales totaling more than $94 million between Oct. 27 and Oct. 31.
None of these sales were reported under 10b5‑1 plans, which increases the likelihood they could be viewed as bearish. All of the sales were by Chairman and CEO Robert Goldstein and followed a more than 12% jump in the stock on Oct. 23 after a strong earnings report. Given the size and timing, the transactions are a moderately negative signal.
Still, the market largely shrugged — the shares continued to rise after the disclosures. Analysts, however, appear less enthusiastic: the MarketBeat consensus price target of just over $64 implies a bit more than 1% downside, and recently updated targets sit close to that level.
TE Connectivity: Insider Sales and Updated Price Targets Tell Different Stories
Tech manufacturer TE Connectivity (NYSE: TEL) has seen both significant share gains and notable insider selling. The company supplies connectivity solutions for power and data transmission, and its Digital Data Networks end market grew about 80% last quarter, driven by data‑center demand. The stock has returned nearly 72% year‑to‑date in 2025.
On Nov. 3, insiders sold more than $26 million of TE stock. None of those sales were executed under 10b5‑1 plans. A $20.3 million sale by Chief Financial Officer Heath Mitts was the largest single TE sale in 2025, which makes the activity moderately bearish on the surface.
Yet analysts are not uniformly pessimistic. The MarketBeat consensus price target of just under $242 implies little change from current levels, but several price‑target updates after the Oct. 29 earnings release raise the average to about $266 — roughly 10% upside.
Why Insider Selling Doesn't Always Signal Weakness
Insider sales can point in different directions depending on context. Netflix's activity is largely driven by prearranged plans and so isn't necessarily a warning sign, while Las Vegas Sands' CEO‑led sales without 10b5‑1 protection are more noteworthy. TE Connectivity sits in the middle: insiders sold sizable stakes, but strong end‑market growth and bullish post‑earnings price targets suggest upside remains.
Data‑center buildouts show no signs of slowing, which could sustain demand for TE's products. Still, the company will need to maintain or accelerate that growth to justify its near‑all‑time‑high valuation.
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