5 Penny Stocks Insiders Are Buying

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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.

Selecta Biosciences

  • The Trade: Selecta Biosciences, Inc. SELB Director Timothy A Springer acquired a total of 3821273 shares at an average price of $3.06. To acquire these shares, it cost $11,687,810.04.
  • What’s Happening: The FDA, last month, placed a clinical hold on Selecta Biosciences Phase 1/2 trial of SEL-302 (which consists of MMA-101 plus ImmTOR) for methylmalonic acidemia (MMA).
  • What Selecta Biosciences Does: Selecta Biosciences Inc is a clinical-stage biopharmaceutical company. The company uses its ImmTOR immune tolerance platform, which is designed to give rise to antigen-specific immunity, mitigating unwanted immune responses.

FlexShopper

  • The Trade: FlexShopper, Inc. FPAY Director Howard Dvorkin acquired a total of 44962 shares at an average price of $2.49. The insider spent $112,127.57 to buy those shares.
  • What’s Happening: The company, last month, posted mixed quarterly results.
  • What FlexShopper Does: FlexShopper Inc operates as a holding company in the United States, is engaged in providing certain types of durable goods to consumers on a lease-to-own basis and providing lease-to-own (LTO) terms to consumers of third-party retailers and e-tailers.

Spark Networks

  • The Trade: Spark Networks SE LOV 10% owner Osmium Capital Lp acquired a total of 26607 shares at an average price of $3.47. To acquire these shares, it cost $92,196.29.
  • What’s Happening: John H. Lewis recently reported a stake of 22.1% in Spark Networks.
  • What Spark Networks Does: Spark Networks SE operates a global online dating site. Its focus is on catering to professionals and educated singles with serious relationship intentions in North America and other international markets.
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1847 Goedeker

  • The Trade: 1847 Goedeker Inc. GOED CEO Albert Fouerti acquired a total of 458876 shares at an average price of $2.18. The insider spent $999,228.40 to buy those shares.
  • What’s Happening: The company, last month, posted downbeat quarterly results.
  • What 1847 Goedeker Does: 1847 Goedeker Inc is an e-commerce destination for home furnishings, appliances, furniture, home goods, and related products.

Katapult Holdings

  • The Trade: Katapult Holdings, Inc. KPLT Director Donald Gayhardt acquired a total of 2648500 shares shares at an average price of $3.74. The insider spent $9,893,790.10 to buy those shares.
  • What’s Happening: Katapult recently reported booked gross originations of $40.4 million from Oct. 1 to Nov. 30, 2021.
  • What Katapult Holdings Does: Katapult Holdings Inc is an omnichannel lease-purchase platform company and provides alternative solutions for retailers and consumers.
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Posted In: Long IdeasNewsPenny StocksSmall CapInsider TradesPre-Market OutlookMarketsTrading IdeasInformation TechnologyInternet Software & ServicesPenny Stocks Insider Buying

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