4 Stocks Insiders Are Buying




When insiders purchase shares, it indicates their confidence in the company’s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.

Below is a look at a few recent notable insider purchases. For more, check out Benzinga’s insider transactions platform.

Cardlytics

  • The Trade: Cardlytics, Inc (NASDAQ:CDLX) 10% owner Clifford Sosin acquired a total of 159090 shares at an average price of $66.44. To acquire these shares, it cost $10,569,152.02.
  • What’s Happening: Cardlytics, in November, reported better-than-expected Q3 results.
  • What Cardlytics Does: Cardlytics Inc operates an advertising platform within financial institutions digital channels, which include online, mobile, email and various real-time notifications.

EverQuote

  • The Trade: EverQuote, Inc. (NASDAQ:EVER) Director David Blundin acquired a total of 76623 shares at an average price of $14.92. To acquire these shares, it cost $1,143,516.09.
  • What’s Happening: JP Morgan, last month, downgraded the stock from Neutral to Underweight and lowered its price target from $17 to $13.
  • What EverQuote Does: EverQuote Inc is a US-based company engaged in the business activity of offering an online marketplace for insurance shopping.

Thor Industries

  • The Trade: Thor Industries, Inc. (NYSE:THO) Director Andrew E Graves bought a total of 2000 shares at an average price of $104.74. To acquire these shares, it cost $209,480.00.
  • What’s Happening: Thor Industries recently signed a binding Memorandum of Understanding with ZF Friedrichshafen AG, a German car parts maker, for the joint development of a high voltage electric drive system for towable recreational vehicles.
  • What Thor Industries Does: Thor Industries Inc is an American manufacturer of recreational vehicles through its subsidiaries. The company reports through three segments: North American towable recreational vehicles, North American motorized recreational vehicles, and European recreational vehicles.

RumbleON

  • The Trade: RumbleON, Inc. (NASDAQ:RMBL) Chief Operating Officer Mark Tkach bought a total of 110785 shares at an average price of $30.00. The insider spent $3,323,550.00 to buy those shares.
  • What’s Happening: The company recently announced completion of its acquisition of a Jacksonville-based powersports retail location.
  • What RumbleON Does: RumbleON Inc is a US-based online retailer that allows both consumers and dealers to Buy-Sell-Trade-Finance pre-owned motorcycles in an efficient, fast, transparent, and engaging experience. Its segments include power sports, automotive, and vehicle logistics and transportation.



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