When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
Insider buying can be an encouraging signal for potential investors, especially when markets are uncertain or near highs.
Current and former executives were adding to their stakes in the past week.
A mobile games platform provider and a recent IPO were among companies that saw notable insider purchases.
Insider buying can be an encouraging signal for potential investors, especially when markets are uncertain or near highs.
Recent earnings reports have resulted in to some notable insider buying .
Ted Weschler and Carl Icahn were among those making notable purchases.
Clearwater Analytics Hldg (NYSE:CWAN) reported quarterly losses of $(0.05) per share which missed the analyst consensus estimate of $0.02 by 350 percent. The company reported quarterly sales of $64.50 million which beat
Companies Reporting Before The Bell
• R.R.Donnelley & Sons (NYSE:RRD) is likely to report quarterly earnings at $0.32 per share on revenue of $1.19 billion.
Oppenheimer analyst Brian Schwartz initiates coverage on Clearwater Analytics Hldg (NYSE:CWAN) with a Outperform rating and announces Price Target of $27.
Morgan Stanley analyst James Faucette initiates coverage on Clearwater Analytics Hldg (NYSE:CWAN) with a Equal-Weight rating and announces Price Target of $26.