US crude oil futures traded higher this morning on Wednesday. Investors, meanwhile, focused on some notable insider trades.

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.3

Sema4 Holdings

• The Trade: Sema4 Holdings Corp. (NASDAQ:SMFR) Director, President & Chief R&D Officer Eric Schadt acquired a total of 100,000 shares at an average price of $1.92. To acquire these shares, it cost $192.48 thousand.
• What’s Happening: Sema4 Holdings posted a Q1 net loss of $76.9 million.
• What Sema4 Holdings Does: Sema4 Holdings Corp is a patient-centered health intelligence company dedicated to advancing healthcare through data-driven insights.

Ontrak

• The Trade: Ontrak, Inc. (NASDAQ:OTRK) Chief Information Officer Arik Hill acquired a total of 26,315 shares at an average price of $1.52. The insider spent around $40 thousand to buy those shares.
• What’s Happening: Ontrak recently issued FY22 sales guidance below analyst estimates.
• What Ontrak Does: Ontrak Inc is an AI and telehealth enabled, virtualized outpatient healthcare treatment company.

Also check this: Home Depot And 2 Other Stocks Insiders Are Buying

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Beachbody Company

VirnetX Holding

American Virtual Cloud Technologies