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.

Berkeley Lights

The Trade: Berkeley Lights, Inc. BLI Director Gregory T Lucier acquired a total of 20704 shares at an average price of $24.15. To acquire these shares, it cost $500,007.81.

What’s Happening: The company recently posted a wider-than-expected quarterly loss.

What Berkeley Lights Does: Berkeley Lights Inc is a digital cell biology company focused on enabling and accelerating the rapid development and commercialization of biotherapeutics and other cell-based products.

Evergy

The Trade: Evergy, Inc. EVRG Director C. John Wilder acquired a total of 21384 shares at an average price of $64.09. To acquire these shares, it cost $1,370,419.04.

What’s Happening: The company recently reported upbeat quarterly earnings.

What Evergy Does: Evergy is a regulated electric utility serving eastern Kansas and western Missouri. Major operating subsidiaries include Evergy Metro, Evergy Kansas Central, Evergy Missouri West, and Evergy Transmission Company.

ACI Worldwide

The Trade: ACI Worldwide, Inc. ACIW Director, President and CEO Odilon Almeida bought a total of 15352 shares at an average price of $32.59. The insider spent $500,321.68 to buy those shares.

What’s Happening: The company recently posted upbeat quarterly earnings and raised FY21 sales guidance.

What ACI Worldwide Does: ACI Worldwide Inc develops, markets, and installs a portfolio of software products primarily focused on facilitating electronic payments.

Rent-A-Center

The Trade: Rent-A-Center, Inc. RCII Director Jeffrey Brown bought a total of 24330 shares at an average price of $43.97. The insider spent $1,069,790.10 to buy those shares.

What’s Happening: Rent-A-Center recently reported better-than-expected Q3 results.

What Rent-A-Center Does: Rent-A-Center offers rent-to-own purchasing options for appliances, computers, smartphones, furniture, and related items. Customers make rental payments with the option to own the product after completing rent-to-own agreements.

Posted In: Insider BuyingLong IdeasNewsSmall CapInsider TradesPre-Market OutlookMarketsTrading Ideas

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.