Over $3M Bet On This Real Estate Stock? Check Out These 4 Stocks Insiders Are Buying

Although US stocks closed higher on Friday, there were a few notable insider trades.

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.

Heartland Express

• The Trade: Heartland Express, Inc. HTLD CEO Michael J Gerdin acquired a total 103,254 shares an average price of $14.91. To acquire these shares, it cost around $1.54 million.
• What’s Happening: Heartland Express posted weaker-than-expected quarterly earnings.
• What Heartland Express Does: Heartland Express Inc is engaged in providing truckload services across the United States and Canada. These truckload services are primarily asset-based transportation services in the dry van truckload market, and it also offers truckload temperature-controlled transportation services.

GitLab

• The Trade: GitLab Inc. GTLB Alphabet Inc acquired a total of 706,292 shares at an average price of $27.57. To acquire these shares, it cost around $19.47 million.
• What’s Happening: RBC Capital recently reiterated GitLab with an Outperform and maintained a $45 price target.
• What GitLab Does: GitLab Inc operates on an all-remote model. The company is a technology company whose primary offering is GitLab, a complete DevOps platform delivered as a single application.

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American Assets Trust

• The Trade: American Assets Trust, Inc. AAT Chairman and CEO Ernest Rady bought a total of 180,000 shares at an average price of $18.76. To acquire these shares, it cost around $3.38 million.
• What’s Happening: American Assets Trust posted a rise in quarterly EPS.
• What American Assets Trust Does: American Assets Trust Inc is a self-administered real estate investment trust based in the United States. The company invests in, operates, and develops retail, office, residential, and mixed-use properties.

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MillerKnoll

• The Trade: MillerKnoll, Inc. MLKN Director Michael A Volkema bought a total 60,200 shares at an average price of $16.61. The insider spent around $1 million to buy those shares.
• What’s Happening: MillerKnoll posted upbeat Q3 earnings.
• What MillerKnoll Does: MillerKnoll Inc, formerly Herman Miller Inc researches, designs, manufactures, sells, and distributes interior furnishings across the globe.