This article explores the 10 stocks insiders sold in April after Trump’s tariff rollout. Previously, we covered the 20 stocks insiders bought in April after Trump’s tariff rollout.
Last week, President Donald Trump signed an executive order imposing a minimum 10% tariff on all U.S. imports, with certain exceptions. A 104% tariff on Chinese imports took effect, and Beijing said Wednesday it would raise levies on U.S. imports to 84% from 34%.
Treasury Secretary Scott Bessent told bankers that the economy is “in pretty good shape” while somewhat earlier JPMorgan chief Jamie Dimon expressed a more pessimistic view, warning that a recession could be on the horizon, according to the Wall Street Journal.
The Bank of England warned that US tariff announcements contribute to a “material increase in risks to global growth” and inflation levels, reports The Guardian.
Then, in an unexpected turn of events, the President announced Wednesday a complete three-month pause on all the “reciprocal” tariffs that went into effect with the exception of China.
Some insiders used this time in April to buy the dip while others thought it was time to sell some of their holdings. At times like these, it is worth analyzing insider trading activity. When executives buy stock, it can suggest confidence in the company’s future. On the other hand, insider sales don’t have to be a negative sign for the company, because they can reflect personal decisions or investment diversification. This means that insider trading should be considered alongside the company’s financial health and broader market conditions.
A busy trading room floor with analysts absorbing the day’s financial markets information.
Our Methodology
Today, we’re focusing on stocks that insiders have been heavily selling in April. Using Insider Monkey’s insider trading screener, we identified companies where at least five insiders sold shares from April 2 to April 8. From this list, we ranked the top 10 stocks with the highest value of insider sales.
Our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds, focusing on insider trading and stock picks from hedge fund investor newsletters and conferences. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
Let’s take a look at the 10 stocks insiders sold in April after Trump’s tariff rollout.
10. Joby Aviation, Inc. (NYSE:JOBY)
Joby Aviation is developing electric vertical takeoff and landing (eVTOL) aircraft for an aerial ridesharing service in the U.S. and Dubai. The Santa Cruz, California-headquartered company also plans to launch an app-based platform for booking air transportation. It is one of the 10 best low priced stocks to invest in now.
In a recent development, Joby Aviation has partnered with Virgin Atlantic to launch its air taxi service in the UK. This builds on Joby’s existing agreement with Delta Air Lines, which owns 49% of Virgin Atlantic, to bring the service to both the U.S. and UK. The partnership focuses on innovation and improving customer travel experiences.
In April, seven insiders, including the company’s CEO sold approximately $429,943 worth of Joby Aviation shares at an average price of $5.98 per share. Year-to-date, the stock dropped 23.00% to $6.26 per share. Over the past 12 months, Joby Aviation returned 32.63% to its investors.
According to MarketBeat, five analysts rate Joby Aviation stock as a “Moderate Buy” with a price target of $8.90, forecasting an upside of 42.06%.
9. Sunrun Inc. (NASDAQ:RUN)
Sunrun designs, installs, and maintains residential solar energy systems in the U.S. It offers solar panels, battery storage, and related services, primarily to homeowners. The San Francisco, California-based company sells through direct-to-consumer channels and a partner network. It is also one of the 10 best clean energy stocks to buy according to billionaires.
In 2024, Sunrun had a total revenue of $2.04 billion, down $222.1 million, or 10%, from the full year 2023. Customer agreements and incentives revenue was $1.5 billion, an increase of 27%, compared to 2023. Total operating expenses amounted to $2.6 billion, a decrease of 15% year-over year, on a pro-forma basis to exclude non-cash goodwill impairment, which was incurred in both the full year 2023 and full year 2024. Net loss attributable to common stockholders was $2.8 billion or $12.81 per basic and diluted share.
On April 7, five insiders, including the CEO, and CFO, sold around $540,405 worth of Sunrun shares at an average price of $6.74 per share. Since the beginning of the year the stock dropped 30.49% to $6.43 per share. Over the past 12 month, Sunrun shares declined 47.68%, however 21 analysts rate it as a “Buy” suggesting a price target of $17.91. The average price target suggests an upside of 178.54% from the latest price.
8. Rimini Street, Inc. (NASDAQ:RMNI)
Rimini Street provides support and managed services for enterprise software, specializing in Oracle and SAP systems. Their offerings include a wide range of integrated solutions to manage, protect, and optimize software for global Fortune 500 and Global 100 companies.
In 2024, the company had revenue of $428.8 million, down by 0.6% from $431.5 million in 2023. Gross margin was 60.9%, compared to 62.3% for 2023. Operating loss was $32.1 million, which compares to operating income of $43.8 million in the previous year. Net loss amounted to $36.3 million, compared to net income of $26.1 million for 2023. Adjusted EBITDA was a gain of $53.1 million, down from $71.9 million in the prior year.
On April 3, five insiders, including the company’s CEO, CFO, sold approximately $561,127 worth of Rimini Street shares at an average price of $3.19 per share. Year-to-date, the stock grew 30.71% to $3.49. Over the past 12 months, Rimini Street shares returned 19.93% to its investors.
According to MarketBeat, two analysts rate Rimini Street stock as “Buy” with a price target of $6.00, suggesting an upside of 50.43%.
7. Power Integrations, Inc. (NASDAQ:POWI)
Power Integrations designs and manufactures analog and mixed-signal integrated circuits (ICs) for high-voltage power conversion in various applications, including consumer electronics, industrial motors, and renewable energy systems. The San Jose, California-based company offers products for power conversion, electric vehicles, and motor drivers, serving markets like communications, computing, and consumer electronics.
In a recent development Power Integrations has launched the TinySwitch-5, the latest in its popular high-voltage IC line, delivering up to 175 W output and 92% efficiency in a compact, energy-saving design. With over six billion units sold, TinySwitch ICs are trusted for their simplicity, efficiency, and ability to reduce standby power waste across various industries.
On April 2, six insiders, including the president and CEO, sold around $802,955 worth of Power Integrations shares at an average price of $50.92 per share. Currently, the stock is trading lower than that at $46.49 per share, which means it lost about 8% since then. Year-to-date it dropped 24.33%, and over the past 12 months it lost 34.99%.
For the full year 2024, the company disclosed net revenues of $419.0 million, compared to $444.5 million in 2023. GAAP net income was $32.2 million or $0.56 per diluted share, compared to $0.97 per diluted share in the prior year. Non-GAAP net income was $1.16 per diluted share, compared to $1.29 per diluted share in 2023. Cash flow from operations for the full year was $81.2 million.
Seven analysts, however, estimate that Power Integrations stock is a “Moderate Buy” with a potential upside of 65.75%.
6. PubMatic, Inc. (NASDAQ:PUBM)
PubMatic, Inc. provides a cloud infrastructure platform for real-time programmatic advertising, connecting digital content creators, advertisers, and agencies worldwide. Its solutions include PubMatic SSP, OpenWrap, and Connect, offering tools for buying, selling, and managing digital advertising inventory. Founded in 2006 and based in Redwood City, California, the company supports various ad formats and devices. It is also one of the 10 best cloud computing stocks to buy under $10.
In December, the company announced an expansion of its collaboration with Western Union to include its commerce media business. The same month, the company also expanded its global partnership with GroupM Premium Marketplace.
In 2024, PubMatic’s revenue reached $291.3 million, up by 9% from $267.0 million in 2023. Gross profit amounted to $190.2 million, or a 65% margin, an improvement of 250 basis points from 2023. GAAP net income was $12.5 million or $0.23 per diluted share, versus net income of $8.9 million or $0.16 per share in 2023. Adjusted EBITDA was $92.3 million, or 32% margin, an increase over adjusted EBITDA of $75.3 million, or 28% margin, in the prior year.
Following the Trump’s tariff rollout, five insiders, including the company’s CFO, sold approximately $851,012 worth of PubMatic shares at an average price of $9.02 per share. Since the beginning of the year, PubMatic shares have declined 41.73% to $8.56 per share. Over the past 12 months, the stock lost 63.68%.
TipRanks reports that out of eight Wall Street analysts, five rate PubMatic stock as a “Buy” and three as “Hold.” The average price target of $17.29 suggests a 101.28% increase from the latest price.
5. nCino, Inc. (NASDAQ:NCNO)
nCino provides cloud-based software solutions to financial institutions, offering applications for client onboarding, loan origination, mortgage services, and more. Its products, like the nCino Bank Operating System and nIQ, leverage data analytics and AI to automate processes and improve credit risk management. The Wilmington, North Carolina-based company serves a wide range of financial institutions globally. Ncino ranks fifth among the 10 stocks insiders sold in April following Trump’s tariff rollout.
In April, five insiders, including the president and CEO, and CFO, sold around $1.31 million worth of nCino shares at an average price of $20.97 per share. Currently, the stock trades at $22.81 per share, having dropped 32.09% year-to-date and 34.50% over the past 12 months.
For the fiscal year 2025, the company reported total revenues of $540.7 million, a 13% increase from $476.5 million in fiscal 2024. Subscription revenues for fiscal 2025 were $469.2 million, up from $409.5 million in fiscal 2024, an increase of 15%. Net loss amounted to $37.9 million, which compares to net loss of $42.3 million in fiscal 2024.
According to StockAnalysis, 14 analysts rate nCino stock as “Buy” with a price target of $29.38 per share. The average price target, therefore, indicates a potential upside of 23.37% from the latest price.
Ncino is also one of the 15 best small cap AI stocks to buy right now.
4. Mid-America Apartment Communities, Inc. (NYSE:MAA)
Mid-America Apartment Communities is a real estate investment trust (REIT) that owns, develops, and manages apartment communities, primarily in the Southeast, Southwest, and Mid-Atlantic regions of the U.S. By the end of 2024, the company had an ownership interest in over 104,000 apartment units across 16 states and the District of Columbia. MAA is an S&P 500 company known for delivering strong investment performance in the apartment sector.
This month, six insiders, including the president and CEO, and CFO, sold around $1.5 million worth of Mid-America Apartment shares at an average price of $157.52 per share. Mid-American Apartment shares started to decline in April following the Trump’s tariff rollout losing 12.14% since April 2, currently trading at $147.60 per share. Over the past 12 months, its shares returned some 9.03%.
During the fourth quarter of 2024, MAA’s Same Store Portfolio captured strong average physical occupancy of 95.6%. The store portfolio revenue decreased 0.2%, as compared to the same period in the prior year, with average effective rent per unit down 0.5%, partially offset by a 1.8% increase in other property revenues.
In March, the company’s board of directors approved a quarterly dividend payment of $1.52 per share of common stock to be paid on April 30, 2025.
Mid-America Apartment is also one of the 12 best self storage and apartment stocks to invest in.
3. Zai Lab Limited (NASDAQ:ZLAB)
Zai Lab Limited is a biopharmaceutical company focused on developing and commercializing treatments for oncology, immunology, neuroscience, and infectious diseases. Its commercial products include Zejula for ovarian cancer, VYVGART for myasthenia gravis, and NUZYRA for bacterial infections, among others. Headquartered in Shanghai, China, Zai Lab collaborates with various pharmaceutical companies to advance its pipeline of innovative therapies. It is also considered one of the 10 best performing growth stocks in 2025.
Recently, Zai Lab announced that China’s National Medical Products Administration (NMPA) has accepted the Biologics License Application (BLA) for TIVDAK (tisotumab vedotin-tftv) to treat recurrent or metastatic cervical cancer. Dr. Rafael Amado, President of Global Research and Development, highlighted that TIVDAK could provide significant benefits for patients with limited treatment options. The results from the global clinical trial demonstrated a 45% reduction in the risk of death compared to chemotherapy in clinical trials.
This month, seven insiders, including the company’s CEO, and CFO, sold around $1.65 million worth of Zai Lab shares at an average price of $34.50 per share. Following these sales the stock price dropped to $25.13, losing 4.05% year-to-date. However, over the past 12 months, Zai Lab gained 56.87%.
According to TipRanks, five Wall Street analysts rate Zai Lab stock as a “Strong Buy” with a price target of $54.03 per share. This suggests a potential upside of 113.64% from the latest price.
2. Toast, Inc. (NYSE:TOST)
Toast provides a cloud-based platform offering software solutions for restaurant operations, including point of sale, team management, and supply chain tools. Headquartered in Boston, Massachusetts, the company serves the U.S., Ireland, India, and beyond, with products for inventory, payroll, financial management, and more.
In April, five insiders, including the CEO, CFO, and CRO, sold approximately $2.21 million worth of Toast shares at an average price of $35.08 per share. While the stock lost 18.55% this year, over the past 12 months, its shares returned 25.27%. Currently, the stock trades at $29.69, meaning insiders sold it before further drop.
Gross payment volume for the full year 2024 increased 26% year-over-year to $159.1 billion. GAAP subscription services and financial technology solutions gross profit improved 34% from the previous year, reaching $1.4 billion. GAAP net income amounted to $19 million, compared to GAAP net loss of $(246) million in 2023. Adjusted EBITDA was $373 million, which compares to Adjusted EBITDA of $61 million in full year 2023.
Out of twenty-three analysts, 13 rate it as ‘Hold,’ nine as ‘Buy,’ and one analyst rates it ‘Sell.’ This makes the consensus rating ‘Hold” with the average price target of $39.86 per share, suggesting an upside of 34.22%.
Toast is also one of the top 10 stocks to buy according to 12 West Capital Management.
1. Beacon Roofing Supply, Inc. (NASDAQ:BECN)
Beacon Roofing Supply is a distributor of residential and commercial roofing products, along with complementary building materials, to contractors, builders, and retailers in the U.S. and Canada. The company offers a wide range of products including roofing materials, insulation, siding, decking, and various tools and safety gear.
Recently, the company announced it has entered into a definitive merger agreement under which QXO will acquire Beacon for $124.35 per share in cash.
This month, six insiders, including the CTO, sold a total of $11.39 million worth of Beacon Roofing shares at an average price of $123.39 per share. Insiders used the price gain to sell the shares before the QXO acquisition is completed. The stock increased 20.11% year-to-date, currently trading at $122.01 per share.
Cramer recently commented on the stock and said, “Beacon is roofing, and it got bought by Brad Jacobs through an entity that he created. That company’s PE was compressed because of the housing problem. But if you have really bad tariffs, and they eventually go after Canadian lumber, then you’ll regret you did any of these cause housing will crater. But if they don’t go after lumber. . .”
Overall, BECN ranks first among the 10 stocks insiders sold in April after Trump’s tariff rollout. While we acknowledge the potential of BECN, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than BECN but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
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