The Nasdaq index fell more than 1% on Tuesday. Investors, meanwhile, focused on some notable insider trading.

When insiders sell stock, it shows they are concerned about the company’s prospects or that they think the stock is overpriced. Either way, it signals an opportunity to go short on the stock. Insider selling should not be considered the sole indicator of an investment or trading decision. At best, it can persuade a sales decision.

Below is a look at some notable recent insider sales. For more information, see Benzinga insider trading Platform.

Verint systems

• The trade: Verint Systems Inc. VRNT Administrative manager Peter Fante sold a total of 8,202 shares at an average price of $35.11. The insider received around $287.98k from the sale of those shares.
• What’s happening: Verint recently announced a $200 million buyback program.
• What Verint Systems does: Verint Systems Inc and its subsidiaries help brands provide limitless customer engagement.

Continue reading: Red Cat Holdings and 2 other penny stocks insiders are buying aggressively

best buy

• The trade: BestBuy Co., Inc. BBY EVP, Omnichannel Damien Harmon sold a total of 2,500 shares at an average price of $79.99. The insider received approximately $199.97 thousand through the transaction.
• What’s happening: Credit Suisse recently began coverage of Best Buy with a neutral rating and announced a price target of $90.
• What Best Buy does: With fiscal 2022 sales of $51.8 billion, Best Buy is the largest pure-play consumer electronics retailer in the United States, with approximately 10.6% share of the total market and over 40% share of offline sales, according to our calculations, the CTA industry and Euromonitor data.

Check out ours premarket coverage here

Crate

• The trade: Box, Inc. CRATE Director Daniel Levin sold a total of 56,341 shares at an average price of $30.84. The insider received around $1.74 million from the sale of those shares.
• What’s happening:…