The Nasdaq 100 closed higher by more than 100 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) Chief People Officer Christine Deputy sold a total of 14,896 shares at an average price of $26.08. The insider received around $388,485 from selling those shares.
• What’s Happening: Pinterest announced a stock repurchase program of up to $1 billion Class A common stock.
• 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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