The Nasdaq 100 closed slightly higher on Tuesday. 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.

Alphabet

• The Trade: Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) Director John L Hennessy sold a total of 1,500 shares at an average price of $185.85. The insider received around $278,775 from selling those shares.
• What's Happening: On Tuesday, Wolfe Research analyst Shweta Khajuria initiated coverage on Alphabet with an Outperform rating and announced a price target of $240..
• What Alphabet Does: Alphabet is a holding company. Internet media giant Google is a wholly owned subsidiary.
• Benzinga Pro's real-time newsfeed alerted to latest Alphabet's news.

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 $371.32. The insider received around $1.49 million from selling those shares.
• What's Happening: On July 2, Piper Sandler downgraded the stock from Overweight to Neutral.
• 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 charting tool helped identify the trend in CrowdStrike's stock.

ABM Industries

• The Trade: ABM Industries Incorporated (NYSE:ABM) EVP & Chief Operating Officer Rene Jacobsen sold a total of 40,000 shares at an average price of $51.67. The insider received around $2.07 million from selling those shares.
• What's Happening: On June 24, ABM said it has acquired Quality Uptime Services, Inc, a prominent player in the critical power services industry for an all-cash purchase price of $119 million.
• What ABM Industries Does: ABM Industries Inc is a provider of integrated facility solutions.
• Benzinga Pro's signals feature notified of a potential breakout in ABM shares.

Patterson Companies

• The Trade: Patterson Companies, Inc. (NASDAQ:PDCO) President and CEO Donald Zurbay sold a total of 7,216 shares at an average price of $24.99. The insider received around $180,328 from selling those shares.
• What's Happening: On July 9, Evercore ISI Group analyst Ross Muken maintained Patterson Cos with an In-Line and lowered the price target from $27 to $25.
• What Patterson Companies Does: Patterson Companies Inc is a dental distributor and wholesaler of consumable products and equipment operating through two business segments, Patterson Dental, and Patterson Animal Health.
• Insider trades for PDCO were monitored using Benzinga Pro.

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