These insiders are selling big following the market’s rally

CEOs of technology companies and other firms have been cashing in on this market rally, including a massive sale last week from Michael Dell, founder and CEO of Dell Technologies . Insider buying and selling is a metric closely tracked by many professional investors. While the transactions can be for legitimate reasons, fund managers look for insider trends as a sign of what management teams think about the direction of a business or how their stock is valued by the market. Dell, who took his namesake company public for a second time in 2018, racked up $468 million in stock sales over the past week, according to securities filings and Verity Data. Those moves bring Dell’s total sales this month to nearly $800 million. The sales come as Dell’s stock chart appears to have topped out, at least in the short term. Shares of Dell are up 200% over the past year, but has actually fallen over the past three weeks. DELL 1Y mountain Shares of Dell have cooled recently after a massive rally. Another high profile CEO making moves is Mark Zuckerberg of Meta Platforms , who recently tallied roughly $114 million in stock sales, according to securities filings and VerityData. Zuckerberg’s moves were done as part of a 105b-1 plan, which is a document filed with the Securities and Exchange Commission to schedule out stock sales for executives. His sales also came from several entities, including the Chan Zuckerberg Initiative, a charitable foundation Zuckerberg runs with his wife Priscilla Chan. Like Dell, Zuckerberg’s sales come after a massive runup for his stock. Shares of the company formerly known as Facebook are already up more than 40% in 2024. Here are some other notable insider sales over the past week, according to securities filings and VerityData. Cadre Holdings CEO Warren Kanders sold $50.3 million worth of stock. This was about 9.6% of Kanders’ stake, according to VerityData. Arista Networks CEO Jayshree Ullal sold $40.9 million worth of stock. Trades were made as part of 10b5-1 trading plan. Ares Management CEO Michael Arougheti sold $32.7 million worth of stock. Trades were made as part of a 10b5-1 plan. Seveal other insiders also made recent multi-million dollar sales. Gitlab CEO Sytse Sijbrandij sold $16.5 million worth of stock. Trades were made as part of a 10b5-1 trading plan. Sijbrandij previously sold about $28 million worth of stock in February. Cadence Design Systems CEO Anirudh Devgan sold $14.7 million worth of stock. Trades were made as part of a 10b5-1 trading plan. Senior vice president Aneel Zaman also made a multi-million dollar sale. AppLovin CFO Herald Chen sold about $9.5 million worth of stock. Trades were made as part of a 10b5-1 trading plan. Cleanspark CEO Zachary Bradford sold nearly $9 million worth of stock. Trades were made as part of 10b5-1 trading plan.