Monster insider trader alert as Dell CEO sells over $1 billion in company’s shares

Although things were starting to look optimistic for Dell Technologies (NYSE: DELL) stock following the company’s announcement of an expansion of its partnership with Nvidia (NASDAQ: NVDA), its CEO Michael Dell might not be as bullish, considering his latest trade.

Specifically, Dell sold another 10 million of his company’s stocks, worth about $1.22 billion at a price of $122.4 per share, on September 26, according to the recent regulatory filing with the United States Securities and Exchange Commission (SEC). 

Dell’s recent sales

As it happens, the CEO’s latest trade arrives just days after he offloaded 1,166,595 DELL shares at an average share price of $117.42 on September 23, at a total transaction value of close to $137 million, whereas earlier this month he also sold 6,743,472 DELL shares in multiple trading sessions.

On top of that, Dell sold his company’s shares earlier this year as well, including on several occasions in March, when he dumped 3,371,150 DELL stocks, and in June, when he offloaded 5,523,123 Dell Technologies shares, as the regulatory data demonstrates.

Following the latest sales, he now directly owns about 16.9 million Dell Technologies’ Class C Common Stock. At the same time, he continues to hold 1.38 million DELL shares indirectly through the Susan Lieberman Dell Separate Property Trust, but without being their beneficial owner.

Dell shares price analysis

Meanwhile, the price of DELL shares at press time amounts to $118.30, which indicates a 1.40% decline in pre-market, a loss of 0.53% across the week while still holding onto the 7.64% gain in the past month, and having advanced 59.42% on its year-to-date (YTD) chart, according to the latest data.

Notably, in addition to the recent massive sell-off of DELL shares by the company’s CEO, their technical analysis (TA) chart does not look optimistic either, with a prominent bear flag pattern observed by the team at market analytics and trading platform TrendSpider on October 1.

Furthermore, the chart shared by the analysts also suggests a declining momentum in terms of DELL’s moving average convergence divergence (MACD), as the MACD line (blue) has crossed below the signal line (orange), which is typically a bearish sign.

Ultimately, the recent insider sale might be a sign of darker days for the technology mammoth’s shares, but it might just be part of Michael Dell net worth growth strategy as he takes the opportunity to profit. That said, doing one’s own research, and keeping up with developments such as Dell stock earnings, experts’ Dell stock forecast 2025, and the like is critical when investing.