The Nasdaq 100 closed higher by more than 250 points on Thursday. Investors, meanwhile, focused on some notable insider trades.

When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company’s prospects or that they view the stock as being overpriced. 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.

Pinterest

• The Trade: Pinterest, Inc. (NYSE:PINS) SVP, Products Naveen Gavini sold a total of 9,598 shares at an average price of $28.58. The insider received around $274,298 from selling those shares.
• What’s Happening: Wells Fargo recently upgraded the stock to Overweight from Equal-Weight.
• What Pinterest Does: Pinterest is an online product and idea discovery platform that helps users gather ideas on everything from recipes to cook to destinations to travel to.

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Dropbox

• The Trade: Dropbox, Inc. (NASDAQ:DBX) Chief Legal Officer Bart Volkmer sold a total of 10,000 shares at an average price of $27.55. The insider received around $275,486 from selling those shares.
• What’s Happening: Dropbox recently announced Dropbox Dash and Dropbox AI, new AI-powered product experiences designed to improve modern work and help customers get more out of their content.
• What Dropbox Does: Dropbox is a leading provider of cloud-storage and content collaboration tools with an emphasis on individuals and SMB.

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