Over $15M Bet On This Healthcare Stock? Check Out These 3 Stocks Insiders Are Buying

Although U.S. stocks closed higher on Monday, there were a few notable insider trades.

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.

Howard Hughes

• The Trade: Howard Hughes Holdings Inc. HHH Director William Ackman acquired a total of 116,536 shares an average price of $68.33. To acquire these shares, it cost around $7.96 million.
• What’s Happening: Howard Hughes said it intends to spinoff new division, Seaport Entertainment, to shareholders by year-end 2024.
• What Howard Hughes Does: Howard Hughes Holdings Inc owns, manages, and develops commercial, residential, and mixed-use real estate throughout the USA.

Scholar Rock Holding

• The Trade: Scholar Rock Holding Corporation SRRK 10% owner Invus Public Equities Advisors LLC acquired a total of 2,199,931 shares at an average price of $6.86. To acquire these shares, it cost around $15.09 million.
• What’s Happening: Scholar Rock priced its upsized $85 million public offering of 12,408,760 common shares at $6.85 per share.
• What Scholar Rock Does: Scholar Rock Holding Corp is a biopharmaceutical company. It is engaged in the discovery and development of innovative medicines for the treatment of serious diseases including neuromuscular disorders, cancer, fibrosis, and anemia.

Don’t forget to check out our premarket coverage here

Asana

• The Trade: Asana, Inc. ASAN President, CEO and Chair Dustin Moskovitz bought a total of 347,802 shares at an average price of $17.96. To acquire these shares, it cost around $6.24 million.
• What’s Happening: UBS recently initiated coverage on Asana with a Neutral rating and announced a price target of $20.
• What Asana Does: Asana Inc is a software company. The company provides a platform for work management that helps teams orchestrate work, from daily tasks to cross-functional strategic initiatives.

Check This Out: Bank of America, Johnson & Johnson And 3 Stocks To Watch Heading Into Tuesday