15 Stocks With The Most Insider Sales In The Last Quarter

5. Fastenal Company (NASDAQ:FAST)

Number of Insiders Selling: 13

Market Capitalization: $43.63 billion

Fastenal Company distributes industrial and construction supplies in the United States, Canada, Mexico, and internationally. The Winona, Minnesota-based company offers threaded fasteners, bolts, nuts, screws, studs, and related washers that are used in manufactured products and construction projects and in the maintenance and repair of machines. As of the end of 2024, Fastenal operated 3,628 locations across 25 countries.

For the full year 2024, the company disclosed revenue of $7.55 billion, up from $7.35 billion in 2023. Gross profit amounted to $3.40 billion, compared to $3.35 billion in the prior year. In 2024, net cash provided by operating activities was $1,173.3, a decrease of 18.1% from 2023, representing 102.0% of the period’s net income versus 124.0% in 2023.

In October and November, 13 insiders, including the company’s CFO, sold a total of $23.98 million worth of Fastenal Company shares at an average price of $80.32 per share. Year-to-date, the stock gained 5.62% and is now trading at $75.95 per share. Over the past 12 months, Fastenal shares lost 0.34%.

According to five analysts, Fastenal Company stock has an average “Moderate Buy” rating with a price target of $79.00, writes TipRanks. The average price target suggests a 3.92% upside from the current price.

Fastenal Company is also one of the 12 best industrial distribution stocks to buy according to hedge funds.