When insiders buy stock, it indicates that they are confident in the company’s prospects or that they view the stock as a bargain. Either way, this indicates a chance to go long on the stock. Insider purchases should not be considered the sole indicator for making an investment or trading decision. At best, it can convince a purchase decision.
Below are some recent notable insider purchases. For more, check out Benzinga’s Insider Trading platform.
The trade: HubSpot, Inc. (NASDAQ: HUBS) CEO Brian Halligan acquired a total of 17,282 shares at an average price of $5.76. The insider spent $99,544.32 to buy the stock. The insider also sold 11,520 shares at an average price of $555.13.
What is going on: HubSpot is all set to release its quarterly results on August 4, 2021. The company’s shares are up more than 51% year-to-date.
What Hubspot does?: HubSpot provides a cloud-based marketing, sales, and customer service software platform called the growth platform.
The trade: Delta Air Lines, Inc. (NYSE: DAL) Director David S Taylor bought a total of 3,000 shares at an average price of $38.25. To acquire these shares, the insider spent $114,750.
What is going on: Delta announced positive results for the second quarter last week. Shares of the airline are up more than 6% since the beginning of the year.
What Delta Air does?: Delta Air Lines is one of the world’s largest airlines, with a network of more than 300 destinations in more than 50 countries.
Ault Global Holdings
The trade: Ault Global Holdings, Inc. (NYSE: DPW) Executive Chairman Milton C. Ault III bought a total of 20,000 shares at an average price of $2.28. To acquire those shares, it cost the insider $45,622.00.
What is going on: Ault Global last week formed Ault Global Real Estate Equities, a Nevada corporation (AGREE), to invest in commercial real estate. The company’s shares gained about 2% in the prior five-day period.
What does Ault Global do?: Ault Global is a diversified holding company with subsidiaries engaged in commercial and defense solutions, commercial lending and advanced textile technology.
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