Seagate, Lyft And 2 Other Stocks Insiders Are Selling - Jacobs Solutions (NYSE:J), Lyft (NASDAQ:LYFT)

The Nasdaq 100 closed lower on Tuesday. 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.

Seagate Technology

The Trade: Seagate Technology Holdings plc (NASDAQ:STX) SVP, CLO & Corporate Secretary Katherine Schuelke sold a total of 2,346 shares at an average price of $64.39. The insider received around $151,051 from selling those shares.
What’s Happening: Seagate priced its $1.3 billion exchangeable senior unsecured notes.
What Seagate Does: Seagate is a leading supplier of hard disk drives for data storage to the enterprise and consumer markets. It forms a practical duopoly in the market with its chief rival, Western Digital; they are both vertically integrated.

Have a look at our premarket coverage here

Lyft

The Trade: Lyft, Inc. (NASDAQ:LYFT) Director Patrick John Zimmer sold a total of 14,952 shares at an average price of $11.29. The insider received around $168,742 from selling those shares.
What’s Happening: RBC Capital analyst Brad Erickson reiterated Lyft with a Sector Perform and maintained a $12 price target.
What Lyft Does: Lyft is the second-largest ride-sharing service provider in the U.S. and Canada, connecting riders and drivers over the Lyft app.

Jacobs Solutions

The Trade: Jacobs Solutions Inc. (NYSE:J) Executive Chair Steven J Demetriou sold a total of 6,666 shares at an average price of $132.81. The insider received around $885,311 from selling those shares.
What’s Happening: Jacobs secured design consultant contract for global logistics hub in Saudi Arabia.
What Jacobs Solutions Does: Jacobs Solutions is a global provider of engineering, design, procurement, construction, and maintenance services as well as cyber engineering and security solutions.

Synaptics

The Trade: Synaptics Incorporated (NASDAQ:SYNA) 10% owner Saleel Awsare sold a total of 5,000 shares at an average price of $88.21. The insider received around 441,055 from selling those shares.
What’s Happening: Mizuho analyst Vijay Rakesh maintained Synaptics with a Buy and maintained a $115 price target.
What Synaptics Does: Synaptics Inc is a global producer of semiconductor solutions for the mobile, PC, and Internet of Things markets.

Check This Out: General Mills, FedEx And 3 Stocks To Watch Heading Into Wednesday

JJacobs Solutions Inc

STXSeagate Technology Holdings PLC

$382.20-0.39%

SYNASynaptics Inc

$73.25-0.84%

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