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Insider activity highlights split signals across Broadcom, Netskope
Broadcom shares plunged about 20% in the two days after its latest earnings, while Netskope slid about 19% in one day following its results as growth decelerated into the high 20% range.
Insider trading is flashing mixed signals across the tech sector after recent earnings reactions. Broadcom has faced notable insider selling following a volatile stretch for its stock, while Netskope has drawn a wave of insider buying after a sharp post-earnings sell-off, according to MarketBeat Ratings.
Broadcom shares were up as much as 39% year to date heading into its latest earnings report, but expectations proved too high, and the stock dropped around 20% over two days. Since then, the shares have traded mostly sideways, with a total return around 10% for the year, MarketBeat Ratings said. In Q3, insider sales so far total $20 million, down from $250 million in Q4 2025 but roughly in line with $22 million across all of Q2, and the sales so far were not conducted under 10b5-1 plans.
MarketBeat Ratings also pointed to Broadcom chief legal and corporate affairs officer Mark Brazael as the main seller in Q3. Brazael reduced his position by 50,000 shares to just under 195,000, a 20% drop. The outlet said this is the only large-scale discretionary sale recently, making it an isolated indicator.
For Netskope, MarketBeat Ratings said the stock has fallen more than 20% in 2026, including a 19% single-day drop after its latest earnings report. The company’s growth rate decelerated from over 32% to less than 28% in one quarter, the outlet noted, even as three insiders began buying after the decline. The purchases include two investment funds, ICONIQ Strategic Partners VIII Holdings, L.P., and Lightspeed Venture Partners IX, L.P., and the story indicates further insider buying activity after the sell-off.