When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.
Below is a look at a few recent notable insider transactions for penny stocks. For more, check out Benzinga's insider transactions platform.
ARC Document Solutions
The Trade: ARC Document Solutions, Inc. ARC Chairman, President and CEO Kumarakulasingam Suriyakumar acquired a total of 47070 shares shares at an average price of $2.25. The insider spent $106,112.90 to buy those shares.
What’s Happening: ARC Document Solutions recently reported a rise in Q2 earnings and sales.
What ARC Document Solutions Does: ARC Document Solutions Inc is a global document solutions provider.
Qumu
The Trade: Qumu Corporation QUMU President and CEO TJ Kennedy acquired a total of 18000 shares at an average price of $2.46. To acquire these shares, it cost $44,303.82.
What’s Happening: Qumu, last week, reported better-than-expected sales for its second quarter.
What Qumu Does: Qumu Corp provides the software solutions to create, manage, secure, distribute and measure the success of live and on-demand video for enterprises.
Ascent Solar Technologies
The Trade: Ascent Solar Technologies, Inc. ASTI 10% owner BD Investment Holding Llc, Johannes Kuhn and Ute Kuhn, Johannes Kuhn and Ute Kuhn acquired a total of 666666672 shares shares at an average price of $0.02. The insider spent $10,000,000.08 to buy those shares.
What’s Happening: During May, Ascent Solar Technologies reported Q1 net revenue of $165K, a sharp rise from the corresponding quarter of $4K.
What Ascent Solar Technologies Does: Ascent Solar Technologies Inc manufactures and develops solutions, products, and technologies related to solar power for existing and emerging defense, consumer electronics, off-grid, transportation, and building applications.
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