5 Penny Stocks Insiders Are Buying

When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.

Below is a look at a few recent notable insider transactions for penny stocks. For more, check out Benzinga's insider transactions platform.

ClearOne

• The Trade: ClearOne, Inc. CLRO 10% owner Edward D Bagley acquired a total of 27003 shares at an average price of $1.34. To acquire these shares, it cost $36,259.90.
• What’s Happening: ClearOne was recently granted two U.S.pPatents #11,190,378 'Sending information signals on a differential signal pair'; #11,188,133 'System for transmitting power to a remote PoE subsystem by forwarding PD input voltage.'
• What ClearOne Does: ClearOne Inc is a communications solutions company, which is engaged in designing, developing, and selling conferencing, collaboration, streaming, and digital signage solutions for audio, video, and visual communication.

Amesite

• The Trade: Amesite Inc. AMST Director Richard Ogawa acquired a total of 20000 shares at an average price of $1.10. The insider spent $21,900.00 to buy those shares.
• What’s Happening: Amesite, last month, reported the launch of its pilot program with The City College of New York for broader curriculum.
• What Amesite Does: Amesite Inc is an artificial intelligence-driven platform and course designer that rapidly provides customized, high performance and scalable online products for schools and businesses.

Live Current Media

• The Trade: Live Current Media Inc. LIVC Director Amir Vahabzadeh acquired a total of 115752 shares at an average price of $0.38. To acquire these shares, it cost $44,186.62.
• What’s Happening: Live Current Media, in October, signed a new agreement with Think Ink Marketing Data & Email Services, Inc..
• What Live Current Media Does: Live Current Media Inc is a digital technology company involved in the entertainment industry. Currently, the company is developing two projects, SPRT MTRX for App Store and Play Store and Boxing.com FEDERATION.

Ault Global

• The Trade: Ault Global Holdings, Inc. DPW Executive Chairman Milton C. Ault III acquired a total of 429250 shares at an average price of $1.58. The insider spent $677,124.90 to buy those shares.
• What’s Happening: Ault Global Holdings recently partnered with The Alisal Guest Ranch and Resort in Solvang, Calif., to expand the property’s electric vehicle charging capabilities for resort guests and visitors.
• What Ault Global Does: Ault Global Holdings Inc is a diversified holding company owning subsidiaries engaged in commercial and defense solutions, commercial lending and advanced textile technology.

Spark Networks

• The Trade: Spark Networks SE LOV 10% owner Osmium Capital Lp acquired a total of 115601 shares shares at an average price of $3.18. The insider spent $367,430.86 to buy those shares.
• What’s Happening: John H. Lewis recently reported a stake of 22.1% in Spark Networks in a 13D filing.
• What Spark Networks Does: Spark Networks SE operates a global online dating site. Its focus is on catering to professionals and educated singles with serious relationship intentions in North America and other international markets.