Over $1M Bet On This Healthcare Stock? Check Out These 3 Stocks Insiders Are Buying
Portfolio Pulse from Avi Kapoor
The article highlights notable insider trades in three companies: Citi Trends, GeneDx Holdings, and SecureWorks. Insider purchases often indicate confidence in the company's prospects. Citi Trends saw a significant purchase by Pleasant Lake Partners, GeneDx Holdings by Casdin Partners, and SecureWorks by Neil Gagnon.
May 16, 2024 | 1:06 pm
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POSITIVE IMPACT
Pleasant Lake Partners LLC acquired 25,266 shares of Citi Trends at an average price of $23.96, costing around $605,433. This insider purchase follows worse-than-expected Q4 financial results reported on March 19.
The insider purchase by a significant shareholder suggests confidence in the company's future, which could positively impact the stock price despite recent poor financial results.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Neil Gagnon acquired 9,233 shares of SecureWorks at an average price of $6.32, costing around $58,596. This follows financial Q4 results above estimates and FY25 guidance issued on March 14.
The insider purchase, coupled with strong Q4 results and positive FY25 guidance, suggests confidence in the company's future, likely leading to a positive impact on the stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Casdin Partners FO1-MSV, LP acquired 50,000 shares of GeneDx Holdings at an average price of $23.31, costing around $1.17 million. This follows better-than-expected Q1 financial results reported on April 30.
The insider purchase aligns with the company's strong Q1 performance, indicating confidence in continued positive momentum, likely boosting the stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80