Terran Orbital And 2 Other Penny Stocks Insiders Are Aggressively Buying
Portfolio Pulse from Lisa Levin
Insiders at Brightcove Inc. (BCOV), Terran Orbital Corporation (LLAP), and Heliogen Inc. (HLGN) have recently made significant purchases of their respective companies' shares. This indicates their confidence in the companies' prospects.
June 27, 2023 | 11:32 am
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POSITIVE IMPACT
Brightcove's 10% owner Jonathan Brolin acquired 10,000 shares at an average price of $3.94, indicating confidence in the company despite worse-than-expected Q1 results.
Insider purchases are often seen as a sign of confidence in a company's prospects. Despite worse-than-expected Q1 results, the acquisition of 10,000 shares by a 10% owner suggests optimism about Brightcove's future.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Heliogen's 10% owner Patrick Soonshiong acquired 634,251 shares at an average price of $0.23, after the company announced a strategic collaboration with NantG Power to innovate solar thermal calcination design.
The acquisition of 634,251 shares by Heliogen's 10% owner indicates confidence in the company's prospects, particularly after announcing a strategic collaboration with NantG Power to innovate solar thermal calcination design.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Terran Orbital's SVP, Corporate Development Jonathan Siegmann acquired 20,000 shares at an average price of $1.27, following the signing of a Memorandum of Agreement with Safran to produce satellite electric propulsion systems in the U.S.
The acquisition of 20,000 shares by Terran Orbital's SVP of Corporate Development indicates confidence in the company's prospects, especially following the recent agreement with Safran to produce satellite electric propulsion systems in the U.S.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100