$5.7M Bet On This Tech Stock? Check Out These 3 Penny Stocks Insiders Are Aggressively Buying
Portfolio Pulse from Lisa Levin
Insiders at BioRestorative Therapies, Inc. (BRTX), Brightcove Inc. (BCOV), and Transphorm, Inc. (TGAN) have recently made significant purchases of their companies' stocks. BRTX has been granted a license by the New York State Department of Health to operate as a Tissue Bank. BCOV has entered into a strategic agreement with PubMatic (PUBM). TGAN has announced the commencement of a $15 million rights offering.
July 26, 2023 | 11:25 am
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Jonathan Brolin, a 10% owner of Brightcove Inc., has purchased 30,285 shares. The company has also entered into a strategic agreement with PubMatic.
Insider buying often indicates confidence in the company's prospects. The strategic agreement with PubMatic could potentially bring new business and positively impact the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
The CEO of BioRestorative Therapies, Inc. has purchased 4,200 shares. The company has also been granted a license to operate as a Tissue Bank by the New York State Department of Health.
Insider buying often indicates confidence in the company's prospects. The health license could potentially open new opportunities for the company, which may positively impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
George Roberts, a 10% owner of Transphorm, Inc., has purchased 1,735,988 shares. The company has also announced the commencement of a $15 million rights offering.
Insider buying often indicates confidence in the company's prospects. The rights offering could potentially bring in additional capital and positively impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100