Benzinga - Although US stocks closed mixed on Friday, 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.
Hudson Global
- The Trade: Hudson Global, Inc. (NASDAQ: HSON) CEO Jeffrey E Eberwein acquired a total of 1,500 shares an average price of $26.24. To acquire these shares, it cost around $39.36 thousand.
- What’s Happening: Hudson Global, during November, posted downbeat quarterly earnings.
- What Hudson Global Does: Hudson Global Inc provides specialized recruitment and related talent solutions.
SecureWorks
- The Trade: SecureWorks Corp. (NASDAQ: SCWX) 10% owner Neil Gagnon acquired a total of 8,654 shares at an average price of $8.71. To acquire these shares, it cost around $75.41 thousand.
- What’s Happening: SecureWorks recently announced plans to cut workforce by approximately 9%.
- What SecureWorks Does: SecureWorks Corp is a provider of intelligence-driven information security solutions exclusively focused on protecting its clients from cyber-attacks.
NextEra Energy
- The Trade: NextEra Energy, Inc. (NYSE: NEE) Director David Porges bought a total of 7,000 shares at an average price of $73.27. To acquire these shares, it cost around $512.86 thousand.
- What’s Happening: NextEra Energy recently posted upbeat quarterly earnings.
- What NextEra Energy Does: NextEra Energy's regulated utility, Florida Power & Light, distributes power to more than 5 million customers in Florida.
Veritex Holdings
- The Trade: Veritex Holdings, Inc. (NASDAQ: VBTX) Director John Sughrue bought a total 3,652 shares at an average price of $27.36. The insider spent around $99.92 thousand to buy those shares.
- What’s Happening: Veritex recently reported worse-than-expected Q4 EPS results.
- What Veritex Holdings Does: Veritex Holdings Inc is engaged in the provision of commercial banking products and services to small to medium-sized businesses and professionals.