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.

eHealth

• The Trade: eHealth, Inc. (NASDAQ:EHTH) Director Dale B Wolf acquired a total of 15000 shares at an average price of $22.53. To acquire these shares, it cost $337,935.00.
• What’s Happening: EHealth, last month, reported worse-than-expected Q3 EPS and sales results..
• What eHealth Does: eHealth offers a private health insurance exchange where individuals and small businesses can compare health insurance products from leading insurers.

F45 Training Holdings

• The Trade: F45 Training Holdings Inc. (NYSE:FXLV) CEO and President Adam Gilchrist acquired a total of 170500 shares at an average price of $10.46. To acquire these shares, it cost $1,783,870.00.
• What’s Happening: F45 Training, last month, reported worse-than-expected Q3 results..
• What F45 Training Holdings Does: F45 Training Holdings Inc is a fitness franchisors in the United States. It is focused on creating a fitness training and lifestyle brand. The group offers consumers functional 45-minute workouts that are effective, fun and community-driven.

Chegg

• The Trade: Chegg, Inc. (NYSE:CHGG) President, CEO and Co-Chairman Daniel Rosensweig bought a total of 25000 shares at an average price of $28.52. To acquire these shares, it cost $712,907.56.
• What’s Happening: Chegg’s board of directors recently authorized proposed accelerated share repurchase (ASR) transaction to repurchase $300 million of common stock.
• What Chegg Does: Chegg Inc is an American educational services company that specializes in textbook rentals, course assistance, and online tutoring.

Vishay Precision Group

• The Trade: Vishay Precision Group, Inc. (NYSE:VPG) Director Wes Cummins bought a total of 10000 shares at an average price of $34.85. The insider spent $348,500.00 to buy those shares.
• What’s Happening: The company, last month, posted upbeat quarterly earnings.
• What Vishay Precision Group Does: Vishay Precision Group Inc manufactures and markets sensors, and sensor-based measurement systems, as well as specialty resistors and strain gages based on proprietary technology.