The Nasdaq 100 closed higher by more than 250 points on Friday. 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.

iRobot

• The Trade: iRobot Corporation (NASDAQ:IRBT) Director Colin M Angle sold a total of 179,503 shares at an average price of $11.46. The insider received around $2.06 million from selling those shares.
• What's Happening: On Feb. 26, iRobot reported mixed fourth-quarter financial results.
• What iRobot Does: iRobot Corp is a united state based consumer robot company. It designs and builds robots that assist consumers with the solutions for the activities to be carried both inside and outside of the home.

Have a look at our premarket coverage here

JELD-WEN Holding

• The Trade: JELD-WEN Holding, Inc. (NYSE:JELD) Director Roderick Wendt sold a total of 50,150 shares at an average price of $27.37. The insider received around 1.35 million from selling those shares.
• What's Happening: On Feb. 19, JELD-WEN reported better than expected fourth-quarter earnings.
• What JELD-WEN Holding Does: JELD-WEN Holding Inc is engaged in door and window manufacturing. The company designs, produces, and distributes interior and exterior building products, offering a selection of doors, windows, walls, and related products.

BlackRock

• The Trade: BlackRock, Inc. (NYSE:BLK) Chairman and CEO Laurence Fink sold a total of 30,978 shares at an average price of $809.92. The insider received around $25.09 million from selling those shares.
• What's Happening: On Jan. 12, BlackRock reported fourth-quarter revenue growth of 7% Y/Y to $4.631 billion, marginally above the consensus of $4.627 billion.
• What BlackRock Does: BlackRock is the largest asset manager in the world, with $10.008 trillion in assets under management at the end of December 2023.

Wendy's Company

• The Trade: The Wendy's Company (NASDAQ:WEN) Director Kenneth W Gilbert sold a total of 4,500 shares at an average price of $18.07. The insider received around $81,315 from selling those shares.
• What's Happening: On Feb. 15, Wendy's reported fourth-quarter FY23 results. Sales growth of 0.8% year-on-year to $540.7 million, missing the analyst consensus estimate of $546.5 million.
• What Wendy's Does: The Wendy's Company is the second-largest burger quick-service restaurant, or QSR, chain in the United States by systemwide sales, with $12.3 billion in 2023, narrowly edging Burger King ($11.5 billion) and clocking in well behind wide-moat McDonald's ($53.1 billion).