Expensify And 2 Other Stocks Under $2 Insiders Are Buying

The Dow Jones index closed higher by more than 100 points on Tuesday. 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.

Expensify

• The Trade: Expensify, Inc. EXFY 10% owner SF Roofdeck GP LLC acquired a total of 196,076 shares an average price of $1.76. To acquire these shares, it cost around $345,094.
• What’s Happening: Piper Sandler analyst Brent Bracelin recently maintained Expensify with a Neutral and raised the price target from $2 to $3.
• What Expensify Does: Expensify Inc is a cloud-based expense management software platform that helps the smallest to the largest businesses simplify the way they manage money.

Perspective Therapeutics

• The Trade: Perspective Therapeutics, Inc. CATX Director Robert F. Williamson III acquired a total of 135,879 shares at at an average price of $0.58. To acquire these shares, it cost around $78,474.
• What’s Happening: B. Riley Securities recently initiated coverage on the stock with a Buy rating and $1.20 price target.
• What Perspective Therapeutics Does: Perspective Therapeutics Inc is a medical technology and radiopharmaceutical company that is pioneering various treatment applications for cancers throughout the body.

Check This Out: Did You Miss These 3 High-Yielding Dividend Stocks In Health Care Sector From Wall Street's Most Accurate Analysts?

Rave Restaurant Group

• The Trade: Rave Restaurant Group, Inc. RAVE IMA Value LLP acquired a total of 51,921 shares at an average price of $1.96. The insider spent around $101,765 to buy those shares.
• What’s Happening: Rave Restaurant, during September, posted an increase in sales for the fourth quarter.
• What Rave Restaurant Group Does: Rave Restaurant Group Inc operates and franchises pizza buffet, delivery/carry-out, and express restaurants. It operates restaurants under the brand name, Pizza Inn, and Pie Five Pizza Company.

Don’t forget to check out our premarket coverage here