The Nasdaq 100 closed higher by around 0.1% 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.

CrowdStrike

• The Trade: CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Chief Security Officer Shawn Henry sold a total of 4,000 shares at an average price of $260.00. The insider received around $1.04 million from selling those shares.
• What's Happening: On Aug. 16, BMO Capital analyst Keith Bachman maintained CrowdStrike Holdings with an Outperform and lowered the price target from $410 to $290.
• What CrowdStrike Does: CrowdStrike is a cloud-based cybersecurity company specializing in next-generation security verticals such as endpoint, cloud workload, identity, and security operations.
• Benzinga Pro's real-time newsfeed alerted to latest CRWD news.

PG&E

• The Trade: PG&E Corporation (NYSE:PCG) VP and Controller Stephanie N Williams sold a total of 38,601 shares at an average price of $18.32. The insider received around $707,170 from selling those shares.
• What's Happening: On July 25, PG&E posted upbeat quarterly earnings.
• What PG&E Does: PG&E is a holding company whose main subsidiary is Pacific Gas and Electric, a regulated utility operating in Central and Northern California that serves 5.3 million electricity customers and 4.6 million gas customers in 47 of the state's 58 counties.
• Benzinga Pro's charting tool helped identify the trend in PCG stock.

Goldman Sachs

• The Trade: The Goldman Sachs Group, Inc. (NYSE:GS) Director, Chairman of the Board and CEO David M Solomon sold a total of 6,000 shares at an average price of $500.29. The insider received around $3 million from selling those shares.
• What's Happening: Goldman Sachs has reportedly agreed to sell Blanchardstown Centre, Ireland's largest shopping mall, to credit firm Strategic Value Partners.
• What Goldman Sachs Does: Goldman Sachs is a leading global investment banking and asset management firm.
• Benzinga Pro's signals feature notified of a potential breakout in GS shares.

Citigroup

• The Trade: Citigroup Inc. (NYSE:C) Controller & Chief Acc Officer Johnbull Okpara sold a total of 25,299 shares at an average price of $60.57. The insider received around $1.5 million from selling those shares.
• What's Happening: Recently a federal appeals court reportedly ruled that Citigroup vice president is not entitled to a portion of the $400 million civil fine the bank agreed to pay in October 2020 due to its risk management failures.
• What Citigroup Does: Citigroup is a global financial-services company doing business in more than 100 countries and jurisdictions.
• Benzinga Pro's earnings calendar was used to track upcoming earnings reports of Citi.

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