$5.1 Million Bet On Tabula Rasa HealthCare? 3 Penny Stocks Insiders Are Buying

US crude oil futures traded higher by around 1% on Tuesday. Investors, meanwhile, focused on some notable insider trades.

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.3

Tabula Rasa HealthCare

• The Trade: Tabula Rasa HealthCare, Inc. TRHC 10% owner Derek Schrier acquired a total of 1,293,292 shares at an average price of $3.97. To acquire these shares, it cost around $5.14 million.
• What’s Happening: Tabula Rasa HealthCare adopted limited-duration stockholder rights plan.
• What Tabula Rasa HealthCare Does: Tabula Rasa HealthCare, headquartered in Moorestown, New Jersey, operates as a healthcare technology company in the United States.

Entera Bio

• The Trade: Entera Bio Ltd. ENTX Director Sean Ellis acquired a total of 14,900 shares at an average price of $1.64. The insider spent around $24.41 thousand to buy those shares.
• What’s Happening: Entera Bio reported Formation of clinical and scientific advisory board and poster presentation at ASBMR 2022 Annual Meeting.
• What Entera Bio Does: Entera Bio Ltd., incorporated in 2009, focuses on the development and commercialization of orally delivered large molecule therapeutics for unmet medical needs.

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Destiny Media Technologies

• The Trade: Destiny Media Technologies Inc. DSNY 10% owner Mark A Graber acquired a total of 8,330 shares at an average price of $0.60. To acquire these shares, it cost around $4.99 thousand.
• What’s Happening: The company recently reported FQ3 results.
• What Destiny Media Technologies Does: Destiny Media Technologies, headquartered in Vancouver, Canada, develops technologies that enable the distribution of digital media files in a streaming or digital download format over the Internet.