Insiders are making interesting moves across key stocks in the semiconductor, real estate, and consumer discretionary industries. This includes a big time sale at auction, the AST SpaceMobile NASDAQ: ASTSraising a red flag for investors, along with two other big names.
Marvell Insider Up Sales as Stocks Rise
Marvell Technology NASDAQ: MRVL it is an artificial intelligence (AI) stock that has been very active as of late. By 2026, Marvell shares have already risen more than 90%. This comes as a result of several important developments.
Marvell Technology Today
Marvell Technology
- 52 week interval
- $53.78
▼
$172.98
- Dividend Yield
- 0.14%
- The P/E ratio
- 54.81
- Target Value
- $125.00
First, Marvell has put a lot of talk about its custom chip business with Amazon.com NASDAQ: AMZN he was in danger. In addition, the company received a $2 billion investment from NVIDIA NASDAQ: NVDAwith its technology now accessible through NVLink Fusion.
With this, NVIDIA actually allows customers to easily pair Marvell components with NVIDIA components. Additionally, it has been rumored that Alphabet NASDAQ: GOOGL is considering a custom chip relationship with Marvell.
However, during the stock increase, internal sales increase in a big way. From Q1 to Q2, domestic sales more than doubled from $7.85 million to $19 million. However, it is important to note that more than 75% of these sales in Q2 came under the predetermined 10b5-1 programs. Therefore, they do not provide an imminent bearish signal.
Transactions that were not subject to the 105b-1 plan were all handled by Senior Vice President Mark Casper. With non-105b-1 sales contained to one person, the latest insider trading at Marvell is not overly concerning.
AST SpaceMobile’s Top Shareholder Reduces Stake Significantly
AST SpaceMobile is one of the most discussed stocks among retail investors and has seen significant volatility. As of late January 2026, ASTS is up nearly 70% year over year.
AST SpaceMobile Today
As of 05/5/2026 04:00 PM Eastern
- 52 week interval
- $22.47
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$129.89
- Target Value
- $82.51
The US government awarded AST SpaceMobile an important contract, which contributed significantly to the stock’s rise. The firm can now participate in the Missile Defense Agency’s Scalable Homeland Innovative Enterprise Layered Defense (SHIELD) project, which is part of the broader Golden Dome program. However, after a strong start, ASTS shares are now in the red for 2026.
Interestingly, Rakuten OTCMKTS: RKUNYled by CEO Hiroshi Mikitani, sold 271 million worth of ASTS shares in Q2. This is a big step, being among the largest internal sales of AST SpaceMobile in recent memory. However, it’s worth noting that this was an intermediate trim, rather than a replacement. Rakuten reduced its ASTS holdings by about 10% and still has about 28 million shares.
However, with this sale, Rakuten no longer owns more than 10% of ASTS shares and is no longer classified as an insider. As a result, Rakuten now reports the sale under a Schedule 13D filing. The latest 13D shows that its position is now down to just over 21 million shares. This points to a significant drop in its holdings of around 32%. Overall, this is a very large sale from one of AST SpaceMobile’s top shareholders; a clear negative indicator of the stock.
Insider Sales Rise Like Elf Beauty Falls
Last is elf Beauty NYSE: ELFwhich has also increased in 2026. Shares rose as much as 24% in late February, but are now down more than 15% for the year. The stock slide largely coincided with the start of the conflict in Iran. Many factors can contribute to this.
Elf Beauty Today
Elf and Beauty
- 52 week interval
- $58.05
▼
$150.99
- The P/E ratio
- 33.57
- Target Value
- $103.06
First of all, rising oil prices tend to hurt consumer spending, as consumers have to pay more for essential products like gasoline. Additionally, many companies source their cosmetics from oil. Therefore, high oil prices can have a negative impact on elf margins.
After tracking elf’s internal sales in Q1, MarketBeat tracked sales of $13 million in Q2. However, all these sales came with reducing factors and therefore do not provide bearish signals. This includes sales from CEO Tarang Amin, who filed under the 10b5-1 plan. All other sales came on the same date: April 27. This appears to have happened due to the granting of performance-based restricted stock units (PSUs). When they were given the money, the insiders had to sell a portion of these shares to satisfy the income tax deduction. Next, selling is a process by nature, and investors should not take it the wrong way.
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Overall, it’s important to note that internal sales are often noisy signals, and certainly not always indicative of a continued slide. Nevertheless, the AST SpaceMobile sale is very important and worth noting. Rakuten still holds about 7.2% of ASTS shares and has been trading strongly. If this trend continues, ASTS may face further downward pressure.
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