Markets

Insider Trading

Hedge Funds

Retirement

Opinion

Corporate Insiders are Dumping These 11 Tech Stocks

In this article, we will take a detailed look at Corporate Insiders are Dumping These 11 Tech Stocks. For a quick overview of such stocks, read our article Corporate Insiders are Dumping These 5 Tech Stocks.

The US stock market is on track to conclude a solid week on Friday, as the Federal Reserve’s latest statement saying it’s still targeting three rate cuts this year soothed investors’ nerves. However, many analysts have been repeatedly saying that the overall performance of the stock market would be lukewarm this year as they think the AI-fueled rally has already gone too far and the market needs a breather. UBS recently said in a note that investors should not be “surprised” by a pullback in the short term because of high valuations. However, UBS sees any decline in stocks as a buying opportunity.

Last month, when most of the Magnificent Seven group of stocks slipped, market experts pointed to huge crowding around mega-cap tech stocks and high expectations of investors as the reasons behind the pullback.  A report by the Wall Street Journal quoted George Maris, global equities chief investment officer at Principal Asset Management, who said that because there are “so many people that have crowded” into mega-cap tech stocks, expectations of the market have gone through the roof. The analyst said investors hit the exit button on “anything” that they perceive is not “bulletproof.”

BlackRock also said in one of its March updates that while it’s highly bullish on US stocks, stretched valuations means investors would have to be “choosy” while picking stocks. BlackRock also said that it’s time to look beyond the “first layer” of AI tech stack — the obvious names like chips, data centers and infrastructure — and focus on companies that would benefit from the AI revolution in various other sectors. These include companies that mine, process and store data, according to BlackRock.

Photo by AlphaTradeZone

In this backdrop, it’s important to see which tech stocks are being dumped by corporate insiders. For this article we first used Insider Monkey’s stock screener to identify all tech stocks that saw insider selling activity over the past few weeks and picked 11 companies with the highest insider selling activity from insiders (executives, officers, directors) in terms of dollar value. Some top names in the list include Booking Holdings Inc (NASDAQ:BKNG), Advanced Micro Devices, Inc. (NASDAQ:AMD) and NVIDIA Corp (NASDAQ:NVDA). But why is it important to keep tabs on hedge fund and insider activity? Hedge funds’ top 10 consensus stock picks outperformed the S&P 500 Index by more than 140 percentage points over the last 10 years (see the details here).

11. Squarespace Inc (NYSE:SQSP)

Number of Hedge Fund Investors: 24

Website building platform company Squarespace Inc (NYSE:SQSP) ranks 11th in our list of the tech stocks with recent insider selling. Squarespace Inc’S (NYSE:SQSP) CEO Anthony Casalena on March 6 sold 131,480 shares of Squarespace Inc (NYSE:SQSP) at $31.80 per share. Since then the stock has gained about 11.76%.

As of the end of the fourth quarter of 2023, 24 hedge funds out of the 933 funds tracked by Insider Monkey had stakes in Squarespace Inc (NYSE:SQSP). The most notable stake in Squarespace Inc (NYSE:SQSP) is owned by Ken Griffin’s Citadel Investment Group which owns a $73 million stake in Squarespace Inc (NYSE:SQSP).

10. Palantir Technologies Inc (NYSE:PLTR)

Number of Hedge Fund Investors: 44

Palantir Technologies Inc (NYSE:PLTR) has been skyrocketing this year as the company keeps getting strong commercial orders and Palantir Technologies Inc (NYSE:PLTR) short sellers continue to get hit. However, Palantir Technologies Inc’s (NYSE:PLTR) cofounder Peter Thiel on March 12 sold about seven million shares of Palantir Technologies Inc (NYSE:PLTR) at $24.79 per share. The stock is down by just 0.8% since then.

Carillon Scout Mid Cap Fund made the following comment about Palantir Technologies Inc. (NYSE:PLTR) in its Q3 2023 investor letter:

Palantir Technologies Inc. (NYSE:PLTR)’s stock moved higher on hopes that it could win business from the U.K.’s National Health Services and as customer counts grew rapidly in the latest quarterly report for the company’s new Artificial Intelligence Platform (AIP). Palantir also won a significant new contract with the U.S. Army in September, which should last through 2026. The debate on the street is how fast Palantir can monetize its new commercial customers. After the quarter closed, the company announced an enhanced marketing deal with a major auditing and consulting firm.”

9. Elastic NV (NYSE:ESTC)

Number of Hedge Fund Investors: 45

Search-powered solutions software company Elastic NV (NYSE:ESTC) ranks ninth in our list of the tech stocks with recent insider selling activity. Elastic NV’S (NYSE:ESTC) CTO  Shay Banon on March 18 sold 280,000 shares of Elastic NV (NYSE:ESTC) at $101.41 per share.

As of the end of the fourth quarter of 2023,45 hedge funds out of the 933 funds tracked by Insider Monkey had stakes in Elastic NV (NYSE:ESTC). The biggest stakeholder of Elastic NV (NYSE:ESTC) during this period was Alex Sacerdote’s Whale Rock Capital Management which owns a $273 million stake in Elastic NV (NYSE:ESTC). Since then the stock has slipped by just about 0.6%.

TimesSquare Capital U.S. Mid Cap Growth Strategy made the following comment about Elastic N.V. (NYSE:ESTC) in its Q3 2023 investor letter:

“Across the Information Technology universe, we seek companies possessing differentiated capabilities, products, and services. Turning to positives, Elastic N.V. (NYSE:ESTC) is a data analytics company, engaged in open-source search and analytics engine services. Its shares jumped 27% on strong fiscal first quarter results with beats across billings, revenues, and earnings. Management noted they are benefiting from the trend of vendor consolidation.”

8. Coupang Inc (NYSE:CPNG)

Number of Hedge Fund Investors: 53

Ecommerce company Coupang Inc (NYSE:CPNG) saw insider selling activity this month when one of its board directors, Neil Mehta, sold 1.6 million shares of Coupang Inc (NYSE:CPNG) at $18.68 apiece. The insider selling transaction took place on March 14. Since then the stock has lost about 0.5% in value. In addition to Coupage, insiders are also selling Booking Holdings Inc (NASDAQ:BKNG), Advanced Micro Devices, Inc. (NASDAQ:AMD) and NVIDIA Corp (NASDAQ:NVDA).

Baron Fifth Avenue Growth Fund stated the following regarding Coupang, Inc. (NYSE:CPNG) in its fourth quarter 2023 investor letter:

“We also took advantage of stock price volatility and slightly added to several existing positions: The Korean e-commerce platform, Coupang, Inc. (NYSE:CPNG), whose stock corrected during the quarter following a miss on EBITDA margins, which we don’t view as structural. The company continues to gain market share while holding significant competitive advantages thanks to its robust delivery network.”

7. Dell Technologies Inc (NYSE:DELL)

Number of Hedge Fund Investors: 56

Dell Technologies Inc (NYSE:DELL) saw heavy insider selling activity this month. Dell Technologies Inc (NYSE:DELL) CEO Michael Dell dumped 2,977,478 shares of Dell Technologies Inc (NYSE:DELL) on March 19 at $108.52 per share. The stock has jumped about 6% since then.

Last month Dell stock soared after Dell Technologies Inc (NYSE:DELL) posted strong Q4 results that were aided by upbeat demand for Dell Technologies Inc’s (NYSE:DELL) AI servers. During its Q4 earning call Dell’s management talked about AI-related opportunities and their impact on business:

“We have just started to touch the AI opportunities ahead of us, including broader adoption of AI by enterprise customers and the projected growth in unstructured data where we are well-positioned with industry-leading storage solutions. We believe the long-term AI action is on-prem where customers can keep their data and intellectual property safe and secure. PCs will become even more essential as most day-to-day work with AI will be done on the PC. We remain excited about the long-term opportunity in our CSG business. Look for us to make a number of new product and solution announcements at Dell Technology World in May that will help customers get started with AI and make it easy. Turning to Q4, we saw positive signs in the business as we exited the year, but enterprise and large customers remained cautious with their spend.

Our Q4 execution was solid given the environment with ISG faring better than CSG. We delivered revenue of $22.3 billion with strong profitability and cash flow. Operating income was $2.1 billion. Diluted EPS was $2.20, and cash flow from operations was $1.5 billion. In ISG, traditional server demand grew year-over-year and a third consecutive quarter of sequential growth, and storage demand grew above normal seasonality, though down year-over-year as expected. Storage recovery typically lags servers by a couple of quarters. Our strong momentum in the AI build-out continues as we believe Dell is uniquely positioned with our broad portfolio to help customers build Gen-AI solutions that meet their performance, cost, and security requirements. In Q4, we saw strength across a wider range of customers and geographies within expanding pipeline.

AI-optimized server orders increased by nearly 40% sequentially. We shipped $800 million of AI-optimized servers, and our backlog nearly doubled sequentially, exiting the fiscal year at $2.9 billion. Demand continues to outpace GPU supply, though we are seeing H100 lead times improving. We are also seeing strong interest in orders for AI-optimized servers equipped with the next generation of AI GPUs, including the H200 and the MI300X. Most customers are still in the early stages of their AI journey, and they are very interested in what we are doing at Dell.”

Read the full earnings call transcript here.

6. Mongodb Inc (NASDAQ:MDB)

Number of Hedge Fund Investors: 62

Dwight Merriman, one of the founders of database company Mongodb Inc (NASDAQ:MDB) and now a director at Mongodb Inc’s (NASDAQ:MDB) board, on March 1 dumped 8,000 shares of Mongodb Inc (NASDAQ:MDB) at $433.31 per share. Since then through March 21 the stock has lost about 18%.

As of the end of the fourth quarter of 2023, 62 hedge funds out of the 933 funds tracked by Insider Monkey had stakes in Mongodb Inc (NASDAQ:MDB). The biggest stake in Mongodb Inc (NASDAQ:MDB) is owned by Paul Marshall and Ian Wace’s Marshall Wace LLP which owns a $281 million stake in Mongodb Inc (NASDAQ:MDB). In addition to MDB, hedge funds are piling into Booking Holdings Inc (NASDAQ:BKNG), Advanced Micro Devices, Inc. (NASDAQ:AMD) and NVIDIA Corp (NASDAQ:NVDA).

Click to continue reading and see Corporate Insiders are Dumping These 5 Tech Stocks.

 Suggested Articles:

Disclosure. None. Corporate Insiders are Dumping These 11 Tech Stocks is originally published on Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

The best part? You can discover everything about this company and its groundbreaking technology right now.

I’ve compiled everything you need to know about this groundbreaking company in a detailed, members-only report.

Trust me — you’ll want to read this report before putting another dollar into any tech stock.

For a ridiculously low price of just $9.99 a month, you can unlock a year’s worth of in-depth investment research and exclusive insights – that’s less than a single fast food meal!

Here’s why this is a deal you can’t afford to pass up:

• Access to our Detailed Report on this Game-Changing AI Stock: Our in-depth report dives deep into our #1 AI stock’s groundbreaking technology and massive growth potential.

• 11 New Issues of Our Premium Readership Newsletter: You will also receive 11 new issues and at least one new stock pick per month from our monthly newsletter’s portfolio over the next 12 months. These stocks are handpicked by our research director, Dr. Inan Dogan.

• One free upcoming issue of our 70+ page Quarterly Newsletter: A value of $149

• Bonus Reports: Premium access to members-only fund manager video interviews

• Ad-Free Browsing: Enjoy a year of investment research free from distracting banner and pop-up ads, allowing you to focus on uncovering the next big opportunity.

• 30-Day Money-Back Guarantee:  If you’re not absolutely satisfied with our service, we’ll provide a full refund within 30 days, no questions asked.

If you’re thinking about getting in, don’t wait – because once Wall Street catches wind of this story, the easy money will be gone.

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $9.99 a month.

2. Enjoy a year of ad-free browsing, exclusive access to our in-depth report on the revolutionary AI company, and the upcoming issues of our Premium Readership Newsletter over the next 12 months.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!

No worries about auto-renewals! Our 30-Day Money-Back Guarantee applies whether you’re joining us for the first time or renewing your subscription a month later!

AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

And that’s where the real opportunity lies…

One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

  • It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
  • It’s one of the only global companies capable of executing large-scale, complex EPC (engineering, procurement, and construction) projects across oil, gas, renewable fuels, and industrial infrastructure.
  • It plays a pivotal role in U.S. LNG exportation—a sector about to explode under President Trump’s renewed “America First” energy doctrine.

Trump has made it clear: Europe and U.S. allies must buy American LNG.

And our company sits in the toll booth—collecting fees on every drop exported.

But that’s not all…

As Trump’s proposed tariffs push American manufacturers to bring their operations back home, this company will be first in line to rebuild, retrofit, and reengineer those facilities.

AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

While the world is distracted by flashy AI tickers, a few smart investors are quietly scooping up shares of the one company powering it all from behind the scenes.

AI needs energy. Energy needs infrastructure.

And infrastructure needs a builder with experience, scale, and execution.

This company has its finger in every pie—and Wall Street is just starting to notice.

Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

While most energy and utility firms are buried under mountains of debt and coughing up hefty interest payments just to appease bondholders…

This company is completely debt-free.

In fact, it’s sitting on a war chest of cash—equal to nearly one-third of its entire market cap.

It also owns a huge equity stake in another red-hot AI play, giving investors indirect exposure to multiple AI growth engines without paying a premium.

And here’s what the smart money has started whispering…

The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

They’re sharing it quietly, away from the cameras, to rooms full of ultra-wealthy clients.

Why? Because excluding cash and investments, this company is trading at less than 7 times earnings.

And that’s for a business tied to:

  • The AI infrastructure supercycle
  • The onshoring boom driven by Trump-era tariffs
  • A surge in U.S. LNG exports
  • And a unique footprint in nuclear energy—the future of clean, reliable power

You simply won’t find another AI and energy stock this cheap… with this much upside.

This isn’t a hype stock. It’s not riding on hope.

It’s delivering real cash flows, owns critical infrastructure, and holds stakes in other major growth stories.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

Act Now and Unlock a Potential 100+% Return within 12 to 24 months.

We’re now offering month-to-month subscriptions with no commitments.

For a ridiculously low price of just $9.99 per month, you can unlock our in-depth investment research and exclusive insights – that’s less than a single fast food meal!

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $9.99.

2. Enjoy a month of ad-free browsing, exclusive access to our in-depth report on the Trump tariff and nuclear energy company as well as the revolutionary AI-robotics company, and the upcoming issues of our Premium Readership Newsletter.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!


No worries about auto-renewals! Our 30-Day Money-Back Guarantee applies whether you’re joining us for the first time or renewing your subscription a month later!