Dropbox And 2 Other Stocks Insiders Are Selling

US gold futures traded lower this morning on Thursday. Investors, meanwhile, focused on some notable insider trades.

When insiders sell shares, it indicates their concern in the company’s prospects or that they view the stock as being overpriced. Either way, this signals an opportunity to go short on the stock. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.

Below is a look at a few recent notable insider sales. For more, check out Benzinga's insider transactions platform.

Booz Allen Hamilton Holding

  • The Trade: Booz Allen Hamilton Holding Corporation BAH Executive Vice President Karen M Dahut sold a total of 50,068 shares at an average price of $89.06. The insider received around $4.46 million from selling those shares.
  • What’s Happening: Barclays, earlier during the month, downgraded Booz Allen Hamilton from Overweight to Equal-Weight.
  • What Booz Allen Hamilton Does: Booz Allen Hamilton Holding Corp is a provider of management consulting services to the U.S. government.

Also check this: RH, Walgreens And 3 Stocks To Watch Heading Into Thursday

AutoNation

  • The Trade: AutoNation, Inc. AN 10% owner Edward S. Lampert sold a total of 77,619 shares at an average price of $117.55. The insider received around $539.21 thousand as a result of the transaction.
  • What’s Happening: The company’s shares have gained around 2% since the start of the year.
  • What AutoNation Does: AutoNation is the largest automotive dealer in the United States, with 2021 revenue of $25.8 billion and about 250 dealerships at nearly 350 locations, plus 57 collision centers.

Have a look at our premarket coverage here .

Dropbox

  • The Trade: Dropbox, Inc. DBX CFO Timothy Regan sold a total of 2,500 shares at an average price of $22.60. The insider received around $56.5 thousand from selling those shares.
  • What’s Happening: The company, last month, posted upbeat Q1 earnings.
  • What Dropbox Does: Dropbox is a leading provider of cloud-storage and content collaboration tools with an emphasis on individuals and SMB.

Posted In: Insider SellingNewsInsider TradesMarketsTrading Ideas

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.