$4.7M Bet On Black Diamond Therapeutics? Check Out These 3 Stocks Insiders Are Buying

Although US stocks closed lower 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.

Black Diamond Therapeutics

• The Trade: Black Diamond Therapeutics, Inc. BDTX Director Rajeev Shah acquired a total of 935,850 shares an average price of $5.00. To acquire these shares, it cost around $4.68 million.
• What’s Happening: Black Diamond Therapeutics reported pricing of its underwritten public offering of 15 million shares at $5 per share.
• What Black Diamond Therapeutics Does: Black Diamond Therapeutics Inc is a precision oncology medicine company. It is engaged in the discovery and development of small molecule, tumor-agnostic therapies.

Domo

• The Trade: Domo, Inc. DOMO Director David Daniel Daniel III acquired a total of 26,400 shares at an average price of $13.54. To acquire these shares, it cost around $357,580.
• What’s Happening: Domo recently issued mixed financial guidance.
• What Domo Does: Domo Inc provides a cloud-based platform that digitally connects all the data, systems and people in an organization, giving them access to real-time data and insights and allowing them to manage their business from their smartphones.

Don’t forget to check out our premarket coverage here

SecureWorks

• The Trade: SecureWorks Corp. SCWX 10% owner Neil Gagnon bought a total of 6,725 shares at an average price of $6.84. To acquire these shares, it cost around $45,967.
• What’s Happening: SecureWorks reported worse-than-expected first-quarter financial results and issued second-quarter guidance below estimates.
• What SecureWorks Does: SecureWorks Corp is a cybersecurity provider of technology-driven solutions singularly focused on protecting its customers by outpacing and outmaneuvering the adversary.

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