The Nasdaq 100 closed lower by around 0.3% on Monday. 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.

Trade Desk

• The Trade: The Trade Desk, Inc. (NASDAQ:TTD) President and CEO Jeffrey Terry Green sold a total of 225,000 shares at an average price of $84.98. The insider received around $19.12 million from selling those shares.
• What's Happening: On Feb. 15, Trade Desk reported better-than-expected fourth-quarter revenue results.
• What Trade Desk Does: The Trade Desk provides a self-service platform that helps advertisers and ad agencies programmatically find and purchase digital ad inventory (display, video, audio, and social) on different devices like computers, smartphones, and connected TVs.

Have a look at our premarket coverage here

Amazon.com

• The Trade: Amazon.com, Inc. (NASDAQ:AMZN) CEO Amazon Web Services Adam Selipsky sold a total of 1,000 shares at an average price of $178.79. The insider received around $178,790 from selling those shares.
• What's Happening: On March 22, Truist Securities analyst Youssef Squali reiterated Amazon.com with a Buy and maintained a $195 price target.
• What Amazon.com Does: Amazon is a leading online retailer and one of the highest-grossing e-commerce aggregators, with $386 billion in net sales and approximately $578 billion in estimated physical/digital online gross merchandise volume in 2021.

Worthington Enterprises

• The Trade: Worthington Enterprises, Inc. (NYSE:WOR) Director Michael J Endres sold a total of 66,000 shares at an average price of $64.26. The insider received around $4.24 million from selling those shares.
• What's Happening: On March 25, Canaccord Genuity analyst Brian McNamara maintained Worthington with a Hold and raised the price target from $56 to $64.
• What Worthington Enterprises Does: Worthington Enterprises Inc formerly Worthington Industries Inc is a diversified metals manufacturing company, focused on value-added steel processing and manufactured metal products.

Maplebear

• The Trade: Maplebear Inc. (NASDAQ:CART) General Counsel & Secretary Morgan Fong sold a total of 18,689 shares at an average price of $37.62. The insider received around $703,103 from selling those shares.
• What's Happening: On March 25, JP Morgan analyst Doug Anmuth maintained Maplebear with an Overweight and raised the price target from $35 to $45.
• What Maplebear Does: Maplebear, which does business as Instacart, is an online grocery pickup and delivery service provider currently in the United States and Canada.