Insiders are finding extreme value in their stocks.
Remember, if they’re putting their money where their mouths are, take a closer look at the stock. But as always, don’t just rely on insider buying when buying anything. Do your own research into its fundamentals and technical pivot points.
That being said, here’s what insiders just bought.
Vimeo (SYM: VMEO)
After dropping on a mixed fourth quarter earnings report, four insiders just bought about $350,000 worth of the VMEO stock. CEO Philip Moyer paid $100,000 on February 21 for 18,519 Vimeo shares, at an average price of $5.40 a share.
“These purchases clearly demonstrate the belief our leadership team has in the accelerating opportunity in our market and at Vimeo,” Moyer said as quoted by Barron’s. “I am excited about our strategy, the investment plan and the customer traction we are observing. My colleagues and I are betting on ourselves to capture this market opportunity, propel growth, and increase shareholder value.”
Chief product and technology officer Bob Petrocelli paid $108,000 for 20,000 shares. Chairman Glenn Schiffman paid $106,200 for 20,000 shares. And CFO Giilian Munson paid about $39,330 for 7,272 shares at an average price of $5.41 each.
Tempus AI (SYM: TEM)
Cathie Wood’s ARK Invest recently bought 445,958 shares of Tempus AI (TEM).
Helping, founder and CEO Eric Lefkofksy also said, “We believe our investments in AI have positioned us well for the future, as technologies that seemed unimaginable a few short years ago increasingly allow us to make our diagnostics intelligent, helping patients live longer and healthier lives. We remain on track to achieve our key financial milestones, with expected robust revenue growth and positive Adjusted EBITDA in 2025.”
OraSure Technologies (SYM: OSUR)
There’s been substantial insider interest at OraSure Technologies (OSUR), too.
Oversold at $3.13, Carrie Eglinton Manner, the President and CEO, bought 78,625 shares at an average price of $3.1463 for about $247,377. Director Kenny John P. bought 47,659 shares at an average price of $3.1729 for about $151,217. CFO Kenneth McGrath also bought 64,000 shares at an average price of $3.1513, for about $201,683.
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Written by Ian Cooper