The Nasdaq Composite fell more than 100 points on Monday. Investors, meanwhile, focused on some notable insider trades.

When insiders sell shares, it indicates that they are concerned about the prospects of the company or that they consider the stock to be overvalued. Either way, this signals an opportunity to go short on the stock. Insider selling should not be considered the sole indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.

Below is an overview of some recent notable insider sales. To find out more, see Benzinga Insider Trading Platform.

Hewlett Packard Enterprise

  • The exchange: Hewlett-Packard Enterprise Company HPE Executive Vice President and Chief Financial Officer Tarek Robbiati sold a total of 80,421 shares at an average price of $14.28. The insider received approximately $1.15 million from the sale of these shares.
  • What is happening: Hewlett Packard Enterprise confirmed the previous outlook for FY22.
  • What Hewlett Packard Enterprise does: Hewlett Packard Enterprise is an information technology provider that provides hardware and software to businesses.

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Accenture

  • The exchange: Accenture plc ACN President and CEO Julie Spellman Sweet sold a total of 8,600 shares at an average price of $284.61. The insider received approximately $2.45 million as a result of the transaction.
  • What is happening: Accenture subsidiary Accenture Federal Services (AFS) has won a spot in a Department of Veterans Affairs (VHA) contract that will provide innovative health technology solutions with the potential to move into clinical production.
  • What does Accenture do: Accenture is a leading global IT services company providing consulting, strategy, technology and operations services.

Take a look at our pre-market coverage here.

Chubb

  • The exchange: Chubb Limited BC President and CEO Evan Greenberg sold a total of 24,049 shares at an average price of $207.91. The insider received approximately $5 million from the sale of these shares.
  • What is happening: The company recently released lackluster quarterly results.
  • What Chubb does: ACE acquired Chubb in the first quarter of 2016 and changed its name to Chubb. This combination makes the new Chubb one of the largest national property and casualty insurers, with operations in 54 countries covering commercial and personal property and casualty insurance, reinsurance and life insurance.

Knowledge base home

  • The exchange: Knowledge base home KBH EVP, Real Estate & Bus. Dev. Albert Z Praw sold a total of 29,777 shares at an average price of $28.77. The insider received approximately $856.68 thousand from the sale of these shares.
  • What is happening: Raymond James recently downgraded KB Home from Strong Buy to Market Perform.
  • What KB Home does: KB Home is an American construction company that focuses on residential construction.