Recently, various executives have taken part in insider selling activity for the stocks of Apple Inc. (NASDAQ:AAPL), Netflix, Inc. (NASDAQ:NFLX), NVIDIA Corporation (NASDAQ:NVDA), and Yelp Inc (NYSE:YELP).
SVP Bruce Sewell disposed 103,300 Apple shares, valued at $9,997,374, in a single transaction dated May 23. The insider now holds 239,432 shares, worth $23,088,427.
Sewell joined Apple from Intel Corporation in September 2009. Nowadays, Bruce Sewell is Apple’s general counsel and senior vice president of Legal and Global Security, reporting to CEO Tim Cook.
According to TipRanks.com, which measures corporate insiders’ success based on their transactions, Sewell has an average return of -21% and a 40%success rate. Buss is ranked #29,086 out of 35,485 corporate insiders.
CEO Reed Hastings divested entire direct stake in Netflix, which amounted 85,659 shares, valued at $8,099,280, in three transactions dated May 23. Hastings now holds 6,168,156 which are held by a trust fund.
Hastings is the co-founder and CEO of Netflix and serves on the boards of Facebook and a number of non-profit organizations.
Director Mark Stevens unloaded 150,000 Nvidia shares, worth $6,810,000 in a single transaction dated May 24. The average price was $45.40 per share. Stevens now holds 1,704,007 shares, valued at $76,815,315.
Stevens was previously one of the five voting partners at Sequoia Capital and jointly responsible for some of the high-tech industry’s most spectacular investments: Google, Yahoo!, NVIDIA, YouTube, and others. He is currently affiliated with S-Cubed capital.
According to TipRanks.com, Stevens has an average return of 67% and a 40% success rate. Stevens is ranked #5,300 out of 35,485 corporate insiders.
Chief Revenue Officer Joseph Nachman sold 2,504 YELP shares in one transaction dated May 23, valued at $62,199. The CRO now owns 118,437, worth $2,949,081.
Jed joined Yelp in 2007 to lead the company’s sales team. He became Chief Revenue Officer in 2016, after serving as Yelp’s Senior Vice President of Revenue. He is responsible for leading the overall revenue line for Yelp including the Local Sales Segment, National Sales Team, Customer Success Organization, Revenue Operations, and go to market strategy across 6 offices globally.
On the same day, SVP Laurence Wilson disposed 2,081 shares in a single transaction. Wilson now holds 113,466 shares, valued at $2,825,303.
Laurence joined Yelp in 2007 as General Counsel and is responsible for the company’s legal and regulatory affairs.
Stay tuned for more insider news.