The Nasdaq 100 closed lower by around 600 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.

Williams-Sonoma

• The Trade: Williams-Sonoma, Inc. (NYSE:WSM) President and CEO Laura Alber sold a total of 40,000 shares at an average price of $156.45. The insider received around $6.26 million from selling those shares.
• What's Happening: On July 16, Wedbush analyst Seth Basham maintained Williams-Sonoma with an Outperform and lowered the price target from $350 to $175.
• What Williams-Sonoma Does: With a retail and direct-to-consumer presence, Williams-Sonoma is a player in the $300 billion domestic home category and $450 billion international home market, focused on expanding its exposure in the B2B ($80 billion total addressable market), marketplace, and franchise areas.
• Benzinga Pro's real-time newsfeed alerted to latest WSM news.

NVIDIA

• The Trade: NVIDIA Corporation (NASDAQ:NVDA) President and CEO Jen Hsun Huang sold a total of 240,000 shares at an average price of $127.66. The insider received around $30.64 million from selling those shares.
• What's Happening: On July 15, TD Cowen analyst Matthew Ramsay maintained NVIDIA with a Buy rating and raised the price target from $140 to $165.
• What NVIDIA Does: Nvidia is a leading developer of graphics processing units.
• Benzinga Pro's charting tool helped identify the trend in NVDA stock.

Electronic Arts

• The Trade: Electronic Arts Inc. (NASDAQ:EA) EVP, Global Affairs and CLO Jacob J. Schatz sold a total of 1,000 shares at an average price of $144.86. The insider received around $144,857 from selling those shares.
• What's Happening: On July 17, Stifel analyst Drew Crum maintained Electronic Arts with a Buy and raised the price target from $163 to $165.
• What Electronic Arts Does: EA is one of the world's largest third-party video game publishers and has transitioned from a console-based video game publisher to the one of the largest publishers on consoles, PC, and mobile.
• Benzinga Pro's earnings calendar was used to track EA upcoming earnings report.

Fifth Third Bancorp

• The Trade: Fifth Third Bancorp (NASDAQ:FITB) EVP and CIO Jude Schramm sold a total of 2,500 shares at an average price of $40.00. The insider received around $100,000 from selling those shares.
• What's Happening: On July 3, Jefferies maintained Fifth Third Bancorp with a Buy and raised the price target from $42 to $43.
• What Fifth Third Bancorp Does: Fifth Third Bancorp is a diversified financial-services company headquartered in Cincinnati.
• Insider trades for FITB were monitored using Benzinga Pro.

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