The Past Week's Notable Insider Buys: Biotech IPOs, Curiositystream, Greenbrier And More

  • Insider buying can be an encouraging signal for potential investors, especially when markets face uncertainty.
  • Some insiders have taken advantage of recent biotech initial public offerings.
  • Some chief executives also stepped up to the buy window this past week.

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 at near all-time highs.

Here are some of the most noteworthy insider purchases that were reported in the past week.

Vor Biopharma Inc VOR saw two 10% owners acquire almost 3.5 million shares in its IPO. At an offering price of $18.00, the total for those purchases came to more than $63.63 million. Shares ended this past week trading at $48.78, after going as high as $63.62 after the IPO.

Lucira Health Inc LHDX had a 10% owner buy shares of in the initial public offering. The more than 3.46 million shares acquired, at $17.00 apiece, totaled nearly $58.85 million. The stock has traded as high as $35.72 so far and closed most recently at $33.49 per share.

CEO William Quinn acquired 1,200 Bolt Biotherapeutics Inc BOLT shares in the IPO, while other insiders bought up over 1.85 million shares. At $20.00 per share, those transactions totaled more than $37.12 million altogether. The stock closed most recently at $33.31 a share.

Three 10% owners picked up more than 1.61 million shares altogether of Terns Pharmaceuticals Inc TERN. That cost them more than $27.45 million, at the IPO price of $17.00 per share. Shares went as high as $23.68, before ending the week at $18.09 apiece.

In the wake of the Landos Biopharma Inc LABP IPO, a beneficial owner added to its stake. Almost 3.66 million shares were acquired at prices ranging from $10.96 to $16.00. That totaled over $22.90 million. The IPO price was $16.00, but the stock was last seen trading at $13.00.

CEO William Furman bought 50,000 Greenbrier Companies Inc GBX shares last week for $42.91 to $44.00 apiece. The total for that came to more than $1.31 million. Note that other insiders sold over 27,800 shares last week. The stock ended last week trading at $45.98 per share.

Dun & Bradstreet Holdings Inc DNB CEO Anthony Jabbour and another officer scooped up a combined 47,900 shares last week. At prices between $23.10 and $23.42 per share, that cost them more than $1.11 million. Jabbour's stake was last up to about 415,800 shares.

At Curiositystream Inc CURI, a director added 74,000 shares to his stake early last week. Those shares cost $13.50 apiece, and the purchase totaled $999,000. This lifted his stake to more than 896,100 shares. The stock ended last week's trading at $18.69 per share, or up about 34% year to date.

Affiliated Managers Group, Inc. AMG had CEO Jay Horgen and another director step up to the buy window after earnings. The 6,500 shares they acquired, at prices of between $136.00 and $145.53, added up to more than $908,700. The stock closed most recently at $147.90.

And Calix Inc CALX had a director indirectly acquire 20,000 of its shares. At an average share price of about $35.75, that added up to more than $714,900. This software company's stock ended Friday trading at $36.80 per share, after a pop of more than 12% in the past week.

See also: Tesla Board Member Kimbal Musk Sells $25.6M Worth Of Shares

Note that some smaller amount of insider buying at Anthem Inc ANTM, Arch Resources Inc ARCH, Biogen Inc BIIB, Crown Castle International Corp CCI, Molson Coors Beverage Co TAP, Norfolk Southern Corp. NSC and Sally Beauty Holdings, Inc. SBH was reported in the past week as well.

At the time of this writing, the author had no position in the mentioned equities.

Keep up with all the latest breaking news and trading ideas by following Benzinga on Twitter.

Posted In: Affiliated ManagersAnthemArch ResourcesBiogenBolt BiotherapeuticsCalixCrown CastleCuriosityStreamdun & bradstreetgreenbrierLandos BiopharmaLucira Healthmolson coorsnorfolk southernsally beautyTerns PharmaceuticalsVor BiopharmaNewsSmall CapInsider Trades

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.