The Nasdaq 100 closed higher by around 0.5% during Friday's session. Investors, meanwhile, focused on some notable insider trades.

When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.

Below is a look at a few recent notable insider sales. For more, check out Benzinga’s insider transactions platform.

Skyworks Solutions

The Trade: Skyworks Solutions, Inc. ( SWKS ) SVP, Sales & Marketing Carlos S Bori sold a total of 9,321 shares at an average price of $101.97. The insider received around $950,462 from selling those shares.

What's Happening: On July 30, Skyworks Solutions ( SWKS ) reported quarterly earnings of $1.21 per share which missed the analyst consensus estimate of $1.23 and is a 30.06% decrease from the same period last year.

What Skyworks Solutions Does: Skyworks Solutions ( SWKS ) produces semiconductors for wireless handsets and other devices that are used to enable wireless connectivity.

Benzinga Pro's real-time newsfeed alerted to latest SWKS news.

Dell Technologies

The Trade: Dell Technologies Inc. ( DELL ) CEO Michael S Dell sold a total of 3,920,259 shares at an average price of $110.62. The insider received around $433.7 million from selling those shares.

What's Happening: On Sept. 10, Susquehanna analyst Mehdi Hosseini initiated coverage on Dell with a Neutral rating and announced a price target of $120.

What Dell Technologies Does: Dell Technologies ( DELL ) is a broad information technology vendor, primarily supplying hardware to enterprises.

Benzinga Pro’s charting tool helped identify the trend in DELL stock.

Warner Music Group

The Trade: Warner Music Group Corp. ( WMG ) CEO Max Lousada sold a total of 250,769 shares at an average price of $28.09. The insider received around $7.04 million from selling those shares.

What's Happening: On Sept. 12, Tigress Financial analyst Ivan Feinseth maintained Warner Music ( WMG ) with a Buy and lowered the price target from $52 to $44.

What Warner Music Group Does: Warner Music ( WMG ) is the third-largest of the three major record companies.

Benzinga Pro’s signals feature notified of a potential breakout in WMG shares.

Netflix

The Trade: Netflix, Inc. ( NFLX ) Director Jay C Hoag sold a total of 43,750 sharesat an average price of $687.08. The insider received around $30.06 million from selling those shares.

What's Happening: Netflix ( NFLX ) will post its third quarter 2024 financial results on Thursday, Oct. 17.

What Netflix Does: Netflix’s relatively simple business model involves only one business, its streaming service.

Benzinga Pro's earnings calendar was used to track upcoming NFLX’s earnings reports.

Check This Out:

Jim Cramer: ‘Hold On’ To Builders FirstSource, ‘Here’s The Problem’ With Viking Therapeutics