Over $8M Bet On Mercury Systems? Check Out These 4 Stocks Insiders Are Buying
Portfolio Pulse from Lisa Levin
Insiders at Mercury Systems, agilon health, PCB Bancorp, and Sezzle have made significant stock purchases. Jana Partners Management LP, a 10% owner of Mercury Systems, bought shares worth over $8M. Jeffrey Schwaneke, a director at agilon health, acquired shares for approximately $250K. PCB Bancorp director Sang Young Lee purchased shares valued around $62K, and Sezzle director Martin Paul Purcell bought shares for about $253K. These purchases may indicate insider confidence in the companies' prospects.
December 01, 2023 | 9:45 am
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Director Jeffrey Schwaneke acquired 22,300 shares of agilon health at an average price of $11.22, spending around $250,206.
The insider purchase by a director after a strong quarterly revenue report could be seen as a positive endorsement of the company's growth trajectory and may encourage investors to consider agilon health as a potential investment.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Jana Partners Management LP, a 10% owner, purchased 245,964 shares of Mercury Systems at $33.46 each, totaling around $8.22 million.
The substantial investment by a major owner suggests a strong vote of confidence in Mercury Systems, potentially signaling to investors that the stock is undervalued or has strong future prospects, especially after reporting worse-than-expected financial results.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Director Sang Young Lee bought 4,000 shares of PCB Bancorp at $15.59 each, totaling approximately $62,350.
The insider purchase by a director following a solid earnings report for the third quarter could be interpreted as a positive sign for the bank's future performance, potentially making PCB Bancorp an attractive option for investors.
CONFIDENCE 65
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Director Martin Paul Purcell purchased 25,427 shares of Sezzle at $9.94 each, with a total spend of $252,744.
The insider buying by a director, especially after the announcement of a significant partnership, could suggest confidence in Sezzle's strategic direction and growth potential, which might be a bullish sign for investors.
CONFIDENCE 65
IMPORTANCE 60
RELEVANCE 70