Gold futures traded sharply higher this morning on Friday. 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.

Salesforce

• The Trade: Salesforce, Inc. (NYSE:CRM) Chair and Co-CEO Marc Benioff sold a total of 7,759 shares at an average price of $153.50. The insider received around $1.19 million from selling those shares.
• What’s Happening: Piper Sandler recently maintained Salesforce with an Overweight and lowered the price target from $200 to $175.
• What Salesforce Does: Salesforce Inc provides enterprise cloud computing solutions. The company offers customer relationship management technology that brings companies and customers together.

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Atlassian

• The Trade: Atlassian Corporation (NASDAQ:TEAM) Co-CEO, Co-Founder Cannon-Brookes Michael sold a total of 8,614 shares at an average price of $177.05. The insider received around $1.53 million as a result of the transaction.
• What’s Happening: Atlassian reported worse-than-expected Q1 EPS results and issued Q2 sales guidance below analyst estimates.
• What Atlassian Company Does: Atlassian produces software that helps teams work together more efficiently and effectively.

Herbalife

• The Trade: Herbalife Nutrition Ltd. (NYSE:HLF) 10% owner Snehal Amin sold a total of 205,000 shares at an average price of $17.56. The insider received around $3.6 million from selling those shares.
• What’s Happening: Herbalife recently reported a year-over-year decline in Q3 revenues.
• What Herbalife Does: Herbalife Nutrition Ltd is an international nutrition company.

Agilent Technologies