Insider Moves Are Sending Mixed Signals Across the Tech Sector

Summary

Key PointsInsider activity can give investors another signal to watch when tech stocks are moving sharply on earnings, AI concerns and valuation pressure.Recent buying and selling across the sector show that executives and major holders are not reacting to volatility in the same way.The most useful takeaway is not whether insiders are bullish or bearish on tech overall, but where their actions line up with changing company fundamentals. Insider trading activity is sending mixed signals across the tech sector. Broadcom has seen notable insider selling after a volatile stretch for the stock, while Adobe drew a high-profile insider purchase from Eli Lilly CEO David Ricks. Netskope, meanwhile, has attracted a wave of insider buying after a sharp post-earnings sell-off. Broadcom Insider Drops Position 20%, But Sales Stay ContainedSemiconductor giant Broadcom (NASDAQ: AVGO) has experienced big-time volatility in 2026. Broadcom shares were up as much as 39% on the year going into the firm’s latest earnings report. However, overly high expectations ultimately set investors up for disappointment. Although Broadcom posted a very strong report, shares tanked around 20% in two days. Broadcom shares have traded mostly sideways since then, with the stock having a total return of around 10% on the year. Amid this, Broadcom has also seen some notable insider selling in Q3. Total sales are so far at $20 million during the quarter. Although this is way down from peak sales of $250 million in Q4 2025, it is also nearly equal to the $22 million in sales the firm saw in all of Q2. Additionally, none of these Q3 sales have come under 10b5-1 plans, indicating that they are discretionary in nature. Chief Legal and Corporate Affairs Officer Mark Brazael is the main Broadcom seller this quarter. Brazael decreased his Broadcom position by 50,000 shares to just under 195,000, a substantial 20% drop. This is a slightly negative sign for Broadcom stock, given the size of this discretionary trans...