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The Past Week's Most Notable Insider Buys: Blackstone, Cricut, Fast Acquisition And More

The Past Week's Most Notable Insider Buys: Blackstone, Cricut, Fast Acquisition And More






Insider buying can be an encouraging signal for potential investors, especially when markets are near all-time highs.






A leading asset manager and a special purpose acquisition companies attracted some notable insider buying last week.






Beneficial owners were in the spotlight as earnings season means buy windows are close for many insiders.









Conventional wisdom says that insiders and 10% owners really only buy shares of a company for one reason -- they believe the stock price will rise and they want to profit from it. So insider buying can be an encouraging signal for potential investors, particularly when there is uncertainty in the markets or the markets are near all-time highs.




Note that a new earnings-reporting season is ramping up, and many insiders are prohibited from buying or selling shares. Here are a few of the most noteworthy insider purchases that were reported in the past week.



Acutus Medical



Early last week, two Acutus Medical Inc (NASDAQ:AFIB) directors took advantage of a public offering of common stock priced at $14 a share. The more than 2.14 million shares they indirectly purchased altogether totaled nearly $30.0 million. As one director has a stake of over 3.4 million shares and the other's stake is more than 4.87 million, each is a beneficial owner as well.

Kerrisdale Advisers recently reported in a 13G filing a 5.25% stake in the medical devices maker, and the share price was at $16.70 as Friday's regular trading ended. That was up almost 24% in the past week. The stock has traded as high as $38.99 in the past 52-weeks, but it has just a $20.00 consensus price target.
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