In this article, we’ll take an in-depth look at the 15 stocks with the most insider sales in the last quarter. Previously, we covered the 10 stocks with the most insider purchases in the last quarter.
A veil of uncertainty has hung over Wall Street these past few weeks, and the cover seems even tighter as investors and economists hold their breath ahead of the Fed’s big announcement on Wednesday.
The Fed will reveal its interest rate decision, which will be followed by a press conference with Fed Chair Jerome Powell. Since September, the Fed has cut interest rates three times, and still, the broader market entered a correction. Many experts believe that interest rate cuts are off the table for this month and are focusing on the Fed officials’ ‘dot plot’ and future rate decisions, according to Yahoo Finance.
Amid these expectations, blue-chip companies dropped 0.62%, the broader market index declined 1.07%, and the NASDAQ Composite fell 1.71%, remaining in correction territory. NASDAQ Composite was dragged by some of the biggest gems in the tech sector.
Evercore ISI’s Julian Emanuel said that Powell should calm the market by assuring investors the economic growth is still healthy and that inflation is expected to move toward the Fed’s 2% target.
Scott Helfstein, Global X’s head of investment strategy noted that even though there are some risks to price stability and full employment “this is not time to sell and go away, but perhaps time to review long-term strategy against near-term volatility.”
As political and economic landscapes shift, some analysts remain optimistic about AI technology’s growth potential. Insider trading often draws attention during such times, as company executives have unique insights into their organizations. For example, when a CEO or CFO buys company stock, it may signal confidence in the company’s future.
However, insider selling doesn’t necessarily reflect a lack of faith in the company. It could be driven by personal financial needs or a desire to diversify assets. Executives often use pre-established plans, like 10b5-1 plans, to ensure transparency and avoid accusations of improper timing.
While insider trading can offer valuable clues, it’s crucial to consider it alongside factors like financial performance, market trends, and industry developments.
An array of stock symbols and charts on a large trading screen.
Our Methodology
We’ll focus on the stocks with the highest number of insider sales in the past quarter. Using Insider Monkey’s insider trading screener, we’ve identified stocks where at least five insiders made sales between October 1 and December 31. From this group, we’ve highlighted the 15 stocks with the most individual 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).
For each stock, we provide details on the number of insider sales and the company’s current market capitalization. Let’s take a look at the 15 stocks with the most insider sales in the last quarter.
15. Samsara Inc. (NYSE:IOT)
Number of Insiders Selling: 11
Market Capitalization: $21.39 billion
Samsara, headquartered in San Francisco, California, specializes in Internet of Things (IoT) solutions, offering internet-connected sensor hardware and software for industrial IoT applications and fleet management. Its Connected Operations Cloud helps organizations enhance operational efficiency, safety, and sustainability by integrating and analyzing IoT data.
For fiscal 2025, Samsara reported $1.25 billion in revenue, up from $937.39 million in fiscal 2024. Net loss amounted to $154.91 million, an improvement from a loss of $286.73 million in fiscal 2024.
Recently, the company introduced CTC Manager, a California Air Resources Board (CARB) certified solution designed to simplify emissions compliance for fleets in the state by automating emissions data collection and reporting, reducing downtime and administrative costs.
In the last quarter, 11 insiders, including the company’s CEO, sold a total of $150.2 million worth of Samsara shares at an average price of $48.22 per share. Currently, the stock trades at $39.39 per share, having lost 9.84% year-to-date. However, over the past 12 months, Samsara returned 7.04% to its investors.
Fourteen analysts rate Samsara shares as a “Moderate Buy” with a price target of $51.67, according to TipRanks. The average price target suggests 31.31% upside from the last price.
14. Griffon Corporation (NYSE:GFF)
Number of Insiders Selling: 11
Market Capitalization: $3.33 billion
Griffon Corporation manufactures and markets home and building products, as well as consumer and professional tools, across the United States, Europe, Canada, Australia, and internationally. The New York-based company operates through two segments: Home and Building Products, which offers garage doors, fire doors, and related products, and Consumer and Professional Products, which includes tools, lawn equipment, home organization items, and cleaning products.
For the first quarter of fiscal 2025, Griffon disclosed revenue of $632.4 million, a 2% decrease from $643.2 million in the same period of last year. Net income totaled $70.9 million, or $1.49 per share, compared to $42.2 million, or $0.82 per share, in the prior year quarter.
In the last quarter, 11 insiders, including the company’s CEO, COO, and CFO, sold a total of $31.69 million worth of Griffon Corporation shares at an average price of $75.97 per share. Year-to-date the stock has lost 1.02% and currently trades at $70.54 per share. Over the past 12 months, the stock lost 0.13%.
According to four analysts, Griffon holds an average rating of “Strong Buy,” with a 12-month price target of $98.75. The average price target suggests an upside of 40.06% from the last price, according to MarketBeat.
13. CoreCivic, Inc. (NYSE:CXW)
Number of Insiders Selling: 11
Market Capitalization: $2.16 billion
CoreCivic operates correctional, detention, and residential reentry facilities across the United States, providing rehabilitation programs, healthcare services, and government real estate solutions. The Brentwood, Tennessee-based company serves government partners through its CoreCivic Safety, CoreCivic Community, and CoreCivic Properties segments.
For the full 2024, CoreCivic reported revenue of $1.96 billion, up 3.43% from $1.90 billion in the previous year. Earnings rose 1.89% to $68.87 million. For the full 2025, the company projects earnings from $53.5 million to $67.5 million, and EBITDA from $281.0 million to $293.0 million.
During the last quarter, 11 insiders sold a total of $5.29 million worth of CoreCivic shares at an average price of $21.19 per share. Currently, the stock trades at $20.15 per share, having dropped 7.31% year-to-date. However, over the past 12 months, CoreCivic returned 36.89% to its investors.
Twenty-one analysts rate CoreCivic stock as a “Buy,” with a 12-month price target of $36.90. The average price target represents a 22.86% upside from its current price, according to StockAnalysis.
12. Commerce Bancshares, Inc. (NASDAQ:CBSH)
Number of Insiders Selling: 11
Market Capitalization: $8.29 billion
Commerce Bancshares is the bank holding company for Commerce Bank, providing retail, mortgage banking, corporate, investment, trust, and asset management services across the U.S. The Kansas City, Missouri-based company operates through three segments: Consumer, Commercial, and Wealth, offering services such as consumer and real estate loans, corporate lending, cash management, and investment portfolio management. It also provides private equity investment, insurance, specialty lending, and online banking services and is one of the 13 dividend kings to invest in for safe dividend growth.
For the full 2024, Commerce Bancshares disclosed revenue of $1.66 billion, compared to the previous year’s $1.57 billion. Earnings were $526.33 million, compared to $477.06 million in 2023.
In the last quarter, 11 insiders sold a total of $3.11 million worth of Commerce Bancshares shares at an average price of $70.30 per share. The stock currently trades at $62.10 having lost 0.35% since the beginning of the year. Over the past 12 months, Commerce Bancshares returned 28.88% to its investors.
Seven analysts rate Commerce Bancshares stock as a “Hold,” with a 12-month price target of $67.16, indicating an 8.24% increase from the last price, according to MarketBeat.
11. M&T Bank Corporation (NYSE:MTB)
Number of Insiders Selling: 12
Market Capitalization: $28.72 billion
M&T Bank operates as a bank holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association. The Buffalo, New York-headquartered company offers retail and commercial banking services across the United States through its three segments: Commercial Bank, Retail Bank, and Institutional Services and Wealth Management. It provides a range of services, including commercial lending, real estate loans, credit products, cash management, and deposit accounts for middle-market and large commercial customers.
In addition to banking services, M&T Bank offers consumer products such as auto and home equity loans, credit cards, residential mortgages, and business cash management services through its branch network, online banking, and ATMs.
In February, the company declared a quarterly cash dividend of $1.35 per share on its common stock.
In January, M&T Bank reported fourth-quarter net income of $681 million, or $3.86 per diluted share, and full-year net income of $2.59 billion, or $14.64 per diluted share.
In the last quarter, 12 insiders sold a total of $25.92 million worth of M&T Bank shares at an average price of $207.78 per share. Year-to-date, the stock is down 6.51% trading at $175.55. However, over the last 12 months, M&T Bank returned 25.90% to its investors.
You can read here what lifted M&T Bank in 2024.
According to 13 analysts, M&T Bank is a “Moderate Buy” with a price target of $222.45. The average price target suggests a 26.56% upside from the last price, writes TipRanks.
10. Confluent, Inc. (NASDAQ:CFLT)
Number of Insiders Selling: 12
Market Capitalization: $8.67 billion
Confluent, an operator of a data streaming platform, ranks tenth among the 15 stocks with the most insider sales in the last quarter. The Mountain View, California-based company offers platforms that allow customers to connect their applications, systems, and data layers comprising Confluent Cloud, a managed cloud-native software-as-a-service (SaaS); and Confluent Platform, an enterprise-grade self-managed software.
For the full fiscal 2024, Confluent disclosed revenue of $936.6 million, up 24% from $777.0 million. GAAP operating loss amounted to $419.1 million, compared to GAAP operating loss of $478.8 million in 2023. For the full fiscal 2025, Confluent expects subscription revenue in the range of $1.117 billion to $1.121 billion.
In November and December, 12 insiders, including the company’s CEO, CFO, and CTO, sold a total of $193.81 million worth of Confluent shares at an average price of $30.15 per share. Currently, the stock trades at $27.09 per share, having declined 3.11% since the beginning of the year and 13.45% over the past 12 months.
Based on 30 analysts’ estimates, Confluent has an average “Moderate Buy” rating with a 12-month price target of $35.33 per share. The average price target suggests an upside of 30.29% from the current price, according to MarketBeat.
Confluent was also among the 10 high-flying AI stocks last week.
9. AppLovin Corporation (NASDAQ:APP)
Number of Insiders Selling: 12
Market Capitalization: $95.21 billion
AppLovin Corporation develops a software platform that helps advertisers enhance marketing and monetize content globally. Headquartered in Palo Alto, California, the company operates through two segments: Advertising and Apps. AppLovin is one of the 10 AI stocks turning heads on Wall Street.
For the full year of 2024, AppLovin reported revenue of $4.71 billion, which compares to revenue of $3.28 billion in 2023. Advertising revenue accounted for $3.22 billion, up 75% from $1.84 billion in the previous year. Net income amounted to $1.58 billion, compared to $356.71 million, representing a 343% increase year-over-year.
In November and December, 12 insiders, including the company’s CEO, sold a total of $456.35 million worth of AppLovin shares at an average price of $340.12 per share. Currently, the stock trades at $293.32 per share, having risen 9.42% since the beginning of the year, and 333.64% over the past 12 months.
Twenty analysts have given an average “Buy” rating to AppLovin stock with a 12-month price target of $398.50 per share, according to StockAnalysis.
8. Altair Engineering Inc. (NASDAQ:ALTR)
Number of Insiders Selling: 12
Market Capitalization: $9.57 billion
Altair Engineering ranks in the middle of the list of 15 stocks with the most insider sales in the last quarter. It provides software and cloud solutions for simulation, high-performance computing, data analytics, and AI, serving clients in the U.S. and globally. The Troy, Michigan-based company operates in two segments: Software and Client Engineering Services.
For the full year 2024, the company reported a total revenue of $665.8 million, up from $612.7 million in 2023. This represents an 8.7% increase in reported currency and a 9.8% rise in constant currency terms. Net income for 2024 reached $14.2 million, a significant turnaround from a net loss of $8.9 million in 2023. Adjusted EBITDA improved to $149.9 million, compared to $129.1 million the previous year. Free cash flow also increased, totaling $140.0 million versus $117.1 million in 2023.
In January, the company announced that its stockholders approved the proposed merger agreement with Siemens Industry Software Inc., a subsidiary of Siemens AG. According to the agreement, Siemens will acquire all outstanding shares of Altair’s common stock for $113.00 per share in cash.
Upon completion of the transaction, Altair’s securities will be delisted from all public stock exchanges.
In the last quarter, 12 insiders, including the company’s CEO, CTO, and CFO, sold a total of $60.05 million worth of Altair Engineering shares at an average price of $102.76 per share. The stock currently trades at $111.51 per share, having gained 2.20% year-to-date and 38.32% over the past 12 months.
This month as well, 10 insiders sold their Altair Engineering shares.
According to eight analysts’ estimates, Altair Engineering holds an average “Hold” rating with a price target of $113. This price target suggests a 1.32% upside from the current price, according to TipRanks.
7. Spirit Airlines, Inc. (OTC:SAVEQ)
Number of Insiders Selling: 13
Market Capitalization: $50.93 million
Spirit Airlines is an airline service provider, serving 93 destinations across the United States, Latin America, and the Caribbean in 15 countries. The Miramar, Florida-headquartered company also offers hotels and rental car services.
Among the company’s recent milestones is the launch of its new nonstop service to San Juan, Puerto Rico. The new route operates between San Antonio International Airport (SAT) and Luis Muñoz International Airport (SJU), with up to four flights weekly. This marks the first time SAT travelers have nonstop service to the Caribbean.
On November 18, 2024, Spirit Airlines filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of New York.
In November and December, 13 insiders, including the company’s president and CEO, COO, and CIO, sold a total of $50.93 million of Spirit Airlines shares at an average price of $0.70 per share. Since the beginning of the year, the stock rose 36.76% and currently trades at $0.47 per share. However, over the past 12 months, Spirit Airlines shares lost 88.66%.
Currently, the analyst coverage of Spirit Airlines stock is limited.
6. Loar Holdings Inc. (NYSE:LOAR)
Number of Insiders Selling: 13
Market Capitalization: $6.12 billion
Sixth among the 15 stocks with the most insider sales in the last quarter is an aerospace and defense company, Loar Holdings. It is also one of the 10 mid-cap stocks insiders are selling recently. The White Plains, New York-based company offers products across multiple categories, including airframe components, avionics, de-ice and ice protection, flight controls, motion controls, environmental, safety devices, autothrottles, lap-belt airbags, carbon and metallic brake discs, and more.
In August, Loar completed the acquisition of Applied Avionics, Inc. for approximately $385 million in cash. Applied Avionics designs, develops and manufactures highly engineered interface solutions for avionics and other aerospace and defense electronics. Applied Avionics’ brands, Vivisun and Nexsys are the common choice of leading aircraft retrofit providers, military prime contractors, and Tier 1 suppliers.
On December 12, 13 insiders sold a total of $530.61 million worth of Loar Holdings shares at a price of $81.8 per share. This was most likely part of the company’s upsized public offering of 5.75 million shares of common stock, including 1.9 million shares offered by certain stockholders and 3.85 million shares offered by Loar at $85.0 per share.
Since the beginning of the year, Loar Holdings shares declined 10.73% and are now trading at $65.98 per share. Since the company’s initial public offering in April 2024, Loar Holdings returned 35.20% to its investors.
Recently, the company entered into a put option agreement to acquire 100% of the shares of LMB Fans & Motors (“LMB”) for €365 million ($397.71 million) plus the assumption of net debt, payable in cash at closing.
The consensus rating on Loar Holdings stock from four analysts is “Strong Buy,” according to StockAnalysis. The average price target of $83.4 suggests a 27.13% upside from the latest price.
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.
4. Rockwell Automation, Inc. (NYSE:ROK)
Number of Insiders Selling: 14
Market Capitalization: $29.98 billion
Rockwell Automation provides industrial automation and digital transformation solutions, operating in more than 100 countries across the globe. The Milwaukee, Wisconsin-headquartered company is known for brands such as Allen-Bradley, FactoryTalk software, and LifecycleIQ Services.
For the first quarter of fiscal 2025, Rockwell disclosed sales of $1.88 billion, down 8.4% from $2.05 billion in the first quarter of fiscal 2024. Net income attributable to Rockwell was $184 million or $1.61 per share, compared to $215 million or $1.86 per share in the same period of fiscal 2024. The company attributes the decreases in net income and diluted EPS to lower sales volume.
On February 4, the company confirmed the deepening of its long-standing partnership with FORTNA.
More recently, Ethisphere, a global leader in defining and advancing the standards of ethical business practices, recognized Rockwell as one of the 2025 World’s Most Ethical Companies.
In November and December, 14 insiders, including the company’s president and CEO, CIO, and CTO, sold a total of $12.89 million worth of Rockwell shares at an average price of $297.44. Currently, the stock trades at $258.13 per share, having declined 9.68% since the beginning of the year and 7.21% over the past 12 months.
Jim Cramer recently expressed disappointment with Rockwell and suggested investors buy Tesla instead.
Based on 19 analysts’ estimates, Rockwell stock is rated a ‘Hold’ with a price target of $307.68. According to MarketBeat, the average price target suggests a 19.25% upside.
3. Gartner, Inc. (NYSE:IT)
Number of Insiders Selling: 14
Market Capitalization: $34.5 billion
The third among the 15 stocks with the most insider sales in the last quarter is a research and advisory firm, Gartner. The Stamford, Connecticut-based company provides services across the U.S., Canada, Europe, the Middle East, and Africa. It operates through three segments: research, conferences, and consulting.
For the full year 2024, Gartner reported revenues of $6.3 billion, compared to $5.9 billion in 2023. Net income amounted to $1.3 billion, which compares to net income of $882 million in the prior year. Free cash flow was $1.4 billion, compared to $1.1 billion in 2023. Last year, the company repurchased 1.6 million common shares for $700 million.
Over the last quarter, 14 insiders sold a total of $49.41 million worth of Gartner shares at an average price of $542 per share. Currently, the stock trades at $447.78 per share, having declined 7.57% year-to-date and 6.13% over the past 12 months.
TipRanks reports that eight Wall Street analysts give Gartner stock a ‘Moderate Buy’ consensus rating. With an average price target of $573.00, analysts forecast a 27.96% upside.
2. Getty Images Holdings, Inc. (NYSE:GETY)
Number of Insiders Selling: 14
Market Capitalization: $886.875 million
Getty Images provides creative and editorial visual content globally, including royalty-free photos, illustrations, vectors, videos, and generative AI services. Its editorial content covers entertainment, sports, and news. The Seattle, Washington-based company also offers music licensing, digital asset management, content distribution, print sales, and data licensing.
The company distributes content through platforms like GettyImages.com for enterprise clients, iStock.com for small businesses and freelancers, and Unsplash.com, which offers free and paid stock photo options. Unsplash+ provides unlimited access to model-released content with enhanced legal protections.
For the full year 2024, Getty Images disclosed revenue of $939.3 million, up 2.5% from 2023. Annual subscription revenue as a percentage of total revenue grew to 53.8%, up from 52.5% in 2023. Net income amounted to $39.5 million, compared to a net income of $19.6 million in the prior year.
Getty Images recently confirmed it has been named the exclusive commercial photography and imagery licensing partner of the National Women’s Soccer League (NWSL). The company also renewed its multi-year partnership with UEFA, continuing to serve as UEFA’s official appointed photographic agency.
During the last quarter, 14 insiders, including the company’s CEO, CTO, and CFO, sold a total of $10.93 million worth of Getty Images shares at an average price of $2.81 per share. Year-to-date, the stock gained 4.63% and now trades at $2.26 per share. Over the past 12 months, its shares dropped 51.91%.
Getty Images is also considered one of the 10 most oversold penny stocks to buy according to analysts.
According to StockAnalysis, five analysts have rated Getty Images stock as ‘Buy,’ with a price target of $5.24. The average price target suggests an upside of 133.30% from the current price.
1. Donegal Group Inc. (NASDAQ:DGICA)
Number of Insiders Selling: 16
Market Capitalization: $648.33 million
First among the 15 stocks with the most insider sales last quarter is Donegal Group, an insurance holding company offering commercial and personal property and casualty coverage. The Marietta, Pennsylvania-based company operates through three segments: Investment Function, Commercial Lines of Insurance, and Personal Lines of Insurance. The company’s offerings include commercial auto insurance, business insurance, employee benefits, personal auto insurance, and home insurance.
For the full year 2024, Donegal reported net premiums of $936.7 million, up 6.2% year-over-year. Net income amounted to $50.9 million or $1.53 per diluted Class A share, which compares to $4.4 million or 14 cents per diluted Class A share in 2023. Net investment gains (after tax) were $3.9 million or 12 cents per diluted Class A share, compared to $2.5 million, or 8 cents per diluted Class A share for the full year 2023.
In December, the company declared regular quarterly cash dividends of $0.1725 per share for Class A common stock and $0.155 per share for Class B common stock.
In the last quarter, 16 insiders, including the company’s vice president, and chief financial officer, sold a total of $9.59 million worth of Donegal shares at an average price of $16.20 per share. Currently, the stock trades at $18.45 per share, having gained 19.26% year-to-date and 31.41% over the past 12 months.
Currently, the analyst coverage for Donegal stock remains limited.
Overall, DGICA ranks first among the 15 stocks with the most insider sales in the last quarter. While we acknowledge the potential of DGICA, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than DGICA but that trades at less than 5 times its earnings, check out our report about the 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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