FTC Solar, Exagen And 2 Other Stocks Under $3 Insiders Are Aggressively Buying

The Dow Jones closed lower by over 300 points on Friday. 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.

comScore

• The Trade: comScore, Inc. SCOR Director Paul William Livek bought a total of 50,000 shares at an average price of $1.17. To acquire these shares, it cost around $58.5 thousand.
• What’s Happening: The company, last month, posted a narrower-than-expected quarterly loss.
• What comScore Does: comScore Inc is a United States-based company that provides digital media analytics services to customers in the media, advertising, and marketing industries.

Exagen

• The Trade: Exagen Inc. XGN President and CEO John Aballi acquired a total of 90,000 shares at an average price of $2.68. The insider spent around $241.2 thousand to buy those shares.
• What’s Happening: Exagen said on December 5, that the company’s Board of Directors approved reduction in force of 42 employees intended to conserve its current cash resources.
• What Exagen Does: Exagen Inc is a commercial-stage diagnostics company committed to addressing the unmet need for the accurate diagnosis and monitoring of patients affected by autoimmune rheumatic diseases.

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FTC Solar

• The Trade: FTC Solar, Inc. FTCI 10% owner South Lake One LLC acquired a total of 52,421 shares at an average price of $2.25. To acquire these shares, it cost around $118.15 thousand.

• What’s Happening: FTC Solar, last month, lowered its Q4 revenue forecast.
• What FTC Solar Does: FTC Solar Inc is a global provider of advanced solar tracker systems, supported by proprietary software and value-added engineering services.

Katapult Holdings

• The Trade: Katapult Holdings, Inc. KPLT Director Bruce Taragin acquired a total of 49,194 shares at an average price of $1.20. The insider spent $59.27 thousand to buy those shares.
• What’s Happening: Katapult , last month, named Nancy Walsh as new CFO.
• What Katapult Holdings Does: Katapult Holdings Inc is an omnichannel lease-purchase platform company that provides alternative solutions for retailers and consumers.