Around $108M Bet On This Healthcare Stock? Check Out These 3 Stocks Insiders Are Buying

Although US stocks closed lower on Tuesday, 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.

Zentalis Pharmaceuticals

• The Trade: Zentalis Pharmaceuticals, Inc. ZNTL 10% owner David Goel acquired a total of 4,760,000 shares an average price of $22.66. To acquire these shares, it cost around $107.86 million.
• What’s Happening: Zentalis Pharmaceuticals said it regained worldwide development and commercialziation rights to azenosertib , ZN-d5 and ZN-c5 in Greater China.
• What Zentalis Pharmaceuticals Does: Zentalis Pharmaceuticals Inc is a clinical-stage biopharmaceutical company focused on discovering and developing small molecule therapeutics targeting fundamental biological pathways of cancers.

Asana

• The Trade: Asana, Inc. ASAN Director, President, CEO, & Chair Dustin Moskovitz acquired a total of 80,000 shares at an average price of $24.88. To acquire these shares, it cost around $1.99 million. The company’s Director Rosenstein Justin, however, sold 300,000 shares of the company.
• What’s Happening: Asana shares reported better-than-expected first-quarter financial results and issued second-quarter EPS guidance above estimates.
• What Asana Does: Asana Inc is a software company. The company provides a platform for work management that helps teams orchestrate work, from daily tasks to cross-functional strategic initiatives.

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Juniata Valley Financial

• The Trade: Juniata Valley Financial Corp. JUVF Director Timothy Havice bought a total of 2,000 shares at an average price of $15.15. To acquire these shares, it cost around $30.3 thousand.
• What’s Happening: The Juniata Valley Bank, a subsidiary of Juniata Valley Financial Corp, and Orrstown Bank, a subsidiary of Orrstown Financial Services, Inc, announced the completion of Juniata’s purchase of Orrstown’s Path Valley branch, located at 16400 Path Valley Road in Spring Run, PA.
• What Juniata Valley Financial Does: Juniata Valley Financial Corp provides financial services. The firm offers banking services such as personal checking, personal savings, online banking, mobile banking, personal loans, business loans, and other banking services.

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