$8.7M Bet On Mercury Systems? Check Out These 4 Stocks Insiders Are Buying
Portfolio Pulse from Lisa Levin
Insiders at Mercury Systems, NCR Voyix, Groupon, and Enphase Energy have made significant stock purchases. Mercury Systems saw a purchase of $8.69 million by Jana Partners Management LP, despite reporting worse-than-expected Q1 results. NCR Voyix Director James G Kelly invested $1 million, following Q3 sales of $2.02 billion. Groupon's 10% owner Pale Fire Capital SICAV a.s. bought shares worth $3.07 million after poor Q3 results. Enphase Energy's CEO Badri Kothandaraman purchased shares for $100,873, with Mizuho initiating coverage with a Buy rating and a $131 price target.
November 21, 2023 | 1:39 pm
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POSITIVE IMPACT
Enphase Energy's President and CEO Badri Kothandaraman bought 1,118 shares at $90.23 each, spending around $100,873. Mizuho initiated coverage with a Buy rating and a $131 price target.
The CEO's purchase combined with a positive analyst rating from Mizuho could signal strong future performance, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Groupon's 10% owner Pale Fire Capital SICAV a.s. purchased 323,344 shares at an average price of $9.49, totaling around $3.07 million, after the company reported worse-than-expected Q3 financial results.
The insider purchase, especially by a significant owner, could suggest a belief in a potential recovery or undervaluation, which might lead to a short-term positive impact on the stock price.
CONFIDENCE 70
IMPORTANCE 65
RELEVANCE 75
POSITIVE IMPACT
Mercury Systems Director Jana Partners Management LP purchased 259,922 shares at $33.42 each, totaling around $8.69 million, despite the company reporting worse-than-expected Q1 financial results.
The substantial investment by an insider often indicates a strong belief in the company's future performance, which could lead to increased investor confidence and a potential short-term price increase.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
NCR Voyix Corporation Director James G Kelly acquired 64,200 shares at $15.50 each, costing around $1 million, following the company's third-quarter sales report of $2.02 billion.
Insider purchases after a positive sales report could be interpreted as a sign of ongoing growth and stability, potentially leading to a positive short-term impact on the stock price.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70