3 Stocks Insiders Are Buying

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.

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

HealthEquity

• The Trade: HealthEquity, Inc. HQY Director Stuart Parker acquired a total of 25000 shares at an average price of $42.82. To acquire these shares, it cost $1,070,500.00.
• What’s Happening: HealthEquity recently reported worse-than-expected Q3 sales results and issued FY22 EPS and sales guidance below estimates..
• What HealthEquity Does: HealthEquity Inc provides solutions that allow consumers to make healthcare saving and spending decisions. Its technology allows customers to see their tax-advantaged healthcare savings, compare treatment options and pricing, pay healthcare bills, receive benefit information, and earn wellness incentives.

JOANN

• The Trade: JOANN Inc. JOAN President, andCEO Wade Miquelon acquired a total of 55000 shares at an average price of $9.33. To acquire these shares, it cost $513,155.50..
• What’s Happening: JOANN recently reported mixed Q3 earnings.
• What JOANN Does: JOANN Inc is engaged in the sewing business. The company provides fabrics, sewing supplies, yarn and needle arts, paper crafting, jewelry making, fabric crafting, craft lights, wedding decorations, and home decor products.

HP

• The Trade: HP Inc. HPQ Chief Legal Officer Harvey Anderson bought a total of 38092 shares . The insider also sold a total of 27158 shares at an average price of $36.90.
• What’s Happening: HP, last month, reported better-than-expected Q4 EPS and sales results.
• What HP Does: HP Inc. is a leading provider of computers, printers, and printer supplies. The company's three operating business segments are its personal systems, containing notebooks, desktops, and workstations; and its printing segment which contains supplies, consumer hardware, and commercial hardware; and corporate investments.