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.
The Trade: Cytek Biosciences, Inc. CTKB Director Jack Ball acquired a total of 3000 shares at an average price of $17.00. The insider spent $51,000.00 to buy the stock.
What’s Happening: Cytek Biosciences recently priced its IPO at $17 per share.
What Cytek Biosciences Does: Cytek Biosciences Inc is a cell analysis solutions company advancing the next generation of cell analysis tools by leveraging novel technical approaches.
The Trade: Ameris Bancorp ABCB CEO H. Palmer Proctor Jr. acquired a total of 2500 shares at an average price of $46.71. To acquire these shares, the insider spent $116,773.25. The insider also sold a total of 442 shares.
What’s Happening: Ameris Bancorp, last week, reported upbeat earnings for its second quarter. Ameris Bancorp shares have jumped over 24% since the start of the year.
What Ameris Bancorp Does: Ameris Bancorp operates as a bank. It offers services such as business banking, personal banking, checking, savings, mobile banking, and others.
The Trade: Couchbase, Inc. BASE Director Edward T Anderson bought a total of 4432894 shares at an average price of $24.00. To acquire those shares, it cost $3,999,984.00 for the insider.
What’s Happening: Couchbase, last week, priced its IPO at $24 per share.
What Couchbase Does: Couchbase provides a modern cloud database that offers the robust capabilities required for business-critical applications on a highly scalable and available platform.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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.