Tuesday’s Insider Moves: Top Execs Sell Shares in Tech and Gaming Firms

Published 23/07/2025, 14:02
© Reuters.

This article summarizes the most significant insider buy and sell transactions reported on Tuesday, July 22, 2025, for US stocks.

Top Sells:

Natera, Inc. (NASDAQ:NTRA) saw its Secretary and Chief Legal Officer, Daniel Rabinowitz, sell 20,372 shares of common stock between June 18 and July 21. The transactions, executed under a pre-arranged 10b5-1 trading plan, were priced between $139.29 and $171.4973, totaling approximately $3.4 million. Natera, a $19.17 billion market cap company, has demonstrated strong revenue growth of 51.5% and delivered a 31.36% return over the past year according to InvestingPro data.

TKO Group Holdings, Inc. (NYSE:TKO) Director Nick Khan sold 54,687 shares of Class A Common Stock on July 21 and 22, 2025, for approximately $9.3 million. The sales come as TKO’s stock has delivered an impressive 58% return over the past year, with the company’s market capitalization now standing at $33 billion. InvestingPro analysis suggests that TKO currently appears fairly valued based on its proprietary Fair Value model.

DraftKings Inc. (NASDAQ:DKNG) Chief Legal Officer Dodge R Stanton sold 105,554 shares of Class A Common Stock for $4,594,765 on July 18, 2025. The sales were executed at a weighted average price of $43.53. On the same day, Stanton also exercised options to acquire a total of 100,719 shares at exercise prices of $4.70 and $3.29. The stock has shown strong momentum with a nearly 20% gain year-to-date, according to InvestingPro data.

Cloudflare, Inc. (NASDAQ:NYSE:NET) Chief Financial Officer Thomas J. Seifert sold 18,732 shares of Class A Common Stock on July 21, 2025, for a total value of $8.8 million. The sales were executed at prices ranging from $196.534 to $200.1765, near the stock’s 52-week high. Cloudflare, currently valued at $66.15 billion, has delivered impressive returns of 142% over the past year.

Appian Corp (NASDAQ:APPN) saw Abdiel Capital Advisors, LP, along with related entities and Colin T. Moran, sell shares between July 17 and July 21, 2025. The total value of shares sold amounted to $8.37 million, with prices ranging from $28.49 to $29.03. Appian, currently valued at $2.15 billion, is trading near its Fair Value ahead of its earnings report on August 7, according to InvestingPro data.

Investors should stay tuned to insider buying and selling activities as they can provide valuable insights into a company’s prospects. While insider sales don’t always indicate negative sentiment, as executives may sell shares for personal reasons, large purchases can signal confidence in the company’s future. However, it’s important to consider these transactions as just one piece of the overall investment puzzle and not make decisions based solely on insider activity.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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