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Benzinga
Benzinga
Business
Lisa Levin

Costco Wholesale And 3 Other Stocks Insiders Are Selling

Goldman Sachs Group (NYSE:GS) reported upbeat earnings for its second quarter. 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.

Costco Wholesale

  • The Trade: Costco Wholesale Corporation (NASDAQ:COST) Executive VP and CFO Richard Galanti sold a total of 1,250 shares at an average price of $505.60. The insider received around $505.6 thousand from selling those shares.
  • What’s Happening: Deutsche Bank recently upgraded the stock from Hold to Buy and raised its price target from $525 to $579.
  • What Costco Wholesale Does: The leading warehouse club, Costco has 815 stores worldwide (at the end of fiscal 2021), with most sales derived in the United States (72%) and Canada (14%).

Also check this: Fear Among US Investors Is Down, Here's Why

Airbnb

  • The Trade: Airbnb, Inc. (NASDAQ:ABNB) 10% owner Joseph Gebbia sold a total of 250,000 shares at an average price of $95.32. The insider received around $23.83 million as a result of the transaction.
  • What’s Happening: Citigroup recently maintained Airbnb with a Buy and lowered the price target from $200 to $160.
  • What Airbnb Does: Started in 2008, Airbnb is the world's largest online alternative accommodation travel agency, also offering booking services for boutique hotels and experiences.

Have a look at our premarket coverage here .

Dun & Bradstreet

  • The Trade: Dun & Bradstreet Holdings, Inc. (NYSE:DNB) Director Dnb Holdco Llc sold a total of 1,357,665 shares at an average price of $13.65. The insider received around $18.53 million from selling those shares.
  • What’s Happening: Wells Fargo recently initiated coverage on Dun & Bradstreet with an Overweight rating and announced a price target of $21.
  • What Dun & Bradstreet Does: Dun & Bradstreet Holdings Inc is a provider of business decisioning data and analytics.

Braze

  • The Trade: Braze, Inc. (NASDAQ:BRZE) Pres & Chief Customer Officer Myles Kleeger sold a total of 10,000 shares at an average price of $42.23. The insider received around $422.25 thousand from selling those shares.
  • What’s Happening: UBS recently initiated coverage on Braze with a Buy rating and announced a price target of $53.
  • What Braze Does: Braze Inc is a customer engagement platform that powers customer-centric interactions between consumers and brands.
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