Investing.com — Here’s a professional roundup of some of the biggest inside trades you might have missed last week.
Dun & Bradstreet boss buys over $1 million
The CEO of Dun & Bradstreet (NYSE:) bought 116,250 shares of the company early last week for $10.7427 each. The value of the purchase was $1,248,838.88.
The company lost profit last month, but shortly thereafter earned an upgrade from Deutsche Bank to Buy last month, with a $17 price target, with an attractive risk-on reward. The firm noted that it is “encouraged” by “the company’s investments in improved technology/data/analytics.” He added: “Recognizing that progress is unlikely to be linear, especially in an uncertain macro environment, over time we expect the company to be able to accelerate its rate of growth.”
The company also obtained a new purchase stamp from BofA in January.
Calavo Growers CEO receives $1.2M
Calavo producers (NASDAQ:) has recouped some of its recent losses after CEO Lecil Cole bought 50,000 shares from 3/21/23 to 3/22/23 at prices of $23.91-$25.04. The value of the purchase was $1,214 million.
Earlier this month, the company broadly missed first-quarter earnings expectations in both profit and revenue, sending shares tumbling. The shares are still down nearly 20% for the month, though they gained 16% last week after news of Cole’s purchase.
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Insider buys into another trio of companies
Porch Group (NASDAQ:) CEO Matt Ehrlichman bought 184,093 shares on 03/17/23 at $1.2778. The value of the purchase was $235,234.
Babcock & Wilcox (NYSE:) saw several insider buys early last week: CEO Kenneth Young bought 10,000 shares at $5.55; COO Jimmy Morgan bought 7,500 shares at $5.25; and director Joseph Tato purchased 2,500 shares on 03/20/23 at $5.53.
AudioEye (NASDAQ:) also saw some insider buying: CEO David Moradi bought 4,457 shares at $5.55; director Jamil Tahir bought 20,000 shares at $5.5112-$5.6828; and Chairman Carr Bettis purchased 2,500 shares on 03/17/23 at $5.60.
