DELL
The insider selling keeps coming
Dell Technologies has been doing its best impression of a stock that won’t blink: strong revenue growth, a chunky earnings beat, a bigger dividend, and price targets getting bumped higher. But behind the curtain, one of its insider entities just sold another 382,000 shares on April 16.
The seller here was V (Gp) L.L.C. Slta, which sounds less like a shareholder and more like a law firm that specializes in very expensive coffee. According to the filing, that sale is part of a larger run of disposals since early March, totaling about 3.0 million Dell shares and roughly $485 million.
Why investors care
Insider selling isn’t automatically a red flag — executives and directors sell for all kinds of reasons, from taxes to portfolio rebalancing to finally buying that beach house. But when the selling is this persistent, it can make you wonder how much upside the people closest to the company think is left on the table.
That said, Dell still has a pretty solid case to make to Wall Street:
- EPS came in at $3.89 vs. $3.53 expected
- Revenue hit $33.38 billion vs. $31.60 billion expected
- Shares are trading near a 52-week high
- The quarterly dividend was raised to $0.63
- Goldman Sachs just lifted its price target to $215
Big picture
So this isn’t a “panic now” moment. It’s more of a “keep one eyebrow raised” situation. If the company keeps printing strong results, the stock can probably shrug off the insider exits. But if the growth story stumbles, all that selling will start looking a lot less casual.