$3.8M Bet On This Energy Stock? Check Out These 3 Stocks Insiders Are Buying
Portfolio Pulse from Lisa Levin
Insiders have recently purchased shares in ProFrac Holding Corp. (ACDC), NextEra Energy, Inc. (NEE), and Smartsheet Inc. (SMAR). ProFrac posted downbeat quarterly results, while NextEra received a Buy rating from Goldman Sachs, and Smartsheet reported upbeat Q1 results.
June 16, 2023 | 1:19 pm
News sentiment analysis
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POSITIVE IMPACT
ProFrac Holding Corp. (ACDC) saw a $3.82 million insider purchase by 10% owner Dan Wilks, despite the company posting downbeat quarterly results.
The large insider purchase by Dan Wilks indicates confidence in the company's prospects, despite the recent downbeat quarterly results. This could signal a potential turnaround or undervaluation of the stock, making it a positive short-term impact.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
NextEra Energy, Inc. (NEE) saw insider purchases totaling $1.01 million by Chairman, President, and CEO John Ketchum. Goldman Sachs initiated coverage with a Buy rating and a $90 price target.
The insider purchases by NextEra Energy's CEO, along with the Buy rating from Goldman Sachs, indicate confidence in the company's prospects and potential undervaluation. This is likely to have a positive short-term impact on the stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Smartsheet Inc. (SMAR) saw insider purchases totaling $149.64 thousand by Director Michael Gregoire, following the company's upbeat Q1 results.
The insider purchases by Smartsheet's Director, along with the company's positive Q1 results, indicate confidence in the company's prospects and potential undervaluation. This is likely to have a positive short-term impact on the stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100