Insiders Selling Walmart, Salesforce And 2 Other Stocks - Cars.com (NYSE:CARS), Salesforce (NYSE:CRM)

The Nasdaq Composite dropped around 200 points 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.

Walmart

Have a look at our premarket coverage here

Salesforce

Manhattan Associates

Check This Out: Top 5 Energy Stocks That Could Blast Off In March

Cars.com

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The Nasdaq Composite dropped around 200 points on Friday. Investors, meanwhile, focused on some notable insider trades.

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

Walmart

The Trade: Walmart Inc. (NYSE:WMT) Director Robson Walton sold a total of 354,322 shares at an average price of $138.25. The insider received around $48.99 million from selling those shares.
What’s Happening: Walmart said its Mexico and Central America unit, Walmex plans to spend 27 billion pesos in 2023. The spending amounts to a 27% increase from last year.
What Walmart Does: America's largest retailer by sales, Walmart operated over 10,500 stores under 46 banners at the end of fiscal 2022, selling a variety of general merchandise and grocery items.

Have a look at our premarket coverage here

Salesforce

The Trade: Salesforce, Inc. (NYSE:CRM) Director Neelie Kroes sold a total of 6,000 shares at an average price of $183.12. The insider received around $1.1 million from selling those shares.
What’s Happening: Salesforce announced the launch of Einstein GPT CRM Technology.
What Salesforce Does: Salesforce Inc provides enterprise cloud computing solutions. The company offers customer relationship management technology that brings companies and customers together.

Manhattan Associates

The Trade: Manhattan Associates, Inc. (NASDAQ:MANH) Director John J. Huntz sold a total of 1,000 shares at an average price of $143.65. The insider received around $143.65 thousand from selling those shares.
What’s Happening: Manhattan Associates reported better-than-expected Q4 adjusted EPS and sales results.
What Manhattan Associates Does: Manhattan Associates provides software that helps users manage their supply chains, inventory, and omnichannel operations.

Check This Out: Top 5 Energy Stocks That Could Blast Off In March

Cars.com

The Trade: Cars.com Inc. (NYSE:CARS) CEO T. Alex Vetter sold a total of 87,971 shares at an average price of $17.28. The insider received around $1.52 million from selling those shares.
What’s Happening: Cars.com reported better-than-expected Q4 sales.
What Cars.com Does: Cars.com Inc is an online destination for buying and selling new and used vehicles.

MANHManhattan Associates Inc

$143.40-%

WMTWalmart Inc

$122.65-0.68%

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