The Nasdaq 100 closed higher by around 175 points on Wednesday. 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.

Sprouts Farmers Market

• The Trade: Sprouts Farmers Market, Inc. (NASDAQ:SFM) CEO Jack Sinclair sold a total of 11,428 shares at an average price of $82.84. The insider received around $946,746 from selling those shares.
• What's Happening: Sprouts Farmers Market said it will issue financial results for the second quarter, after the closing bell on July 29.
• What Sprouts Farmers Market Does: Sprouts Farmers Market Inc offers a unique specialty grocery experience featuring an open layout with fresh produce at the heart of the store.
• Benzinga Pro's real-time newsfeed alerted to latest SFM's news

Have a look at our premarket coverage here

Kratos Defense & Security Solutions

• The Trade: Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) EVP and CFO Deanna H Lund sold a total of 6,000 shares at an average price of $20.00. The insider received around $120,000 from selling those shares.
• What's Happening: On June 28, Benchmark analyst Josh Sullivan reiterated Kratos Defense & Security with a Buy and maintained a $25 price target.
• What Kratos Defense & Security Solutions Does: Kratos Defense & Security Solutions Inc develops and fields transformative, affordable technology, platforms, and systems.
• Benzinga Pro's charting tool helped identify the trend in KTOS stock.

F5

• The Trade: F5, Inc. (NASDAQ:FFIV) President, CEO and Director Francois Locoh-Donou sold a total of 1,450 shares at an average price of $171.95. The insider received around $249,328 from selling those shares.
• What's Happening: On April 29, F5 posted upbeat quarterly earnings.
• What F5 Does: F5 is a market leader in the application delivery controller market. The company sells products for security, application performance, and automation.
• Benzinga Pro's signals feature notified of a potential breakout in FFIV's shares

Amazon.com

• The Trade: Amazon.com, Inc. (NASDAQ:AMZN) CEO Worldwide Amazon Stores Douglas J Herrington sold a total of 16,000 shares at an average price of $199.12. The insider received around $3.19 million from selling those shares.
• What's Happening: Australia's top-secret intelligence data will be migrated to the cloud under a $2 billion deal with Amazon.com's cloud service Amazon Web Services.
• What Amazon Does: Amazon is the leading online retailer and marketplace for third party sellers.
• Benzinga Pro's earnings calendar was used to track AMZN's upcoming earnings report