Brightcove And 1 Other Penny Stock Insiders Are Buying

The Dow Jones index closed lower by around 475 points on Friday. 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.

Tecogen

• The Trade: Tecogen Inc. TGEN Director John Hatsopoulos acquired a total of 1,000 shares an average price of $0.70. To acquire these shares, it cost around $700.
• What’s Happening: On March 13, Tecogen reported revenues of $5.9 million and a net loss of $1.8 million for the quarter ended Dec. 31, 2023.
• What Tecogen Does: Tecogen Inc, designs, manufactures, markets, and maintains high-efficiency, ultra-clean cogeneration products.

Brightcove

• The Trade: Brightcove Inc. BCOV 10% owner Jonathan Brolin acquired a total of 15,175 shares at at an average price of $1.75. To acquire these shares, it cost around $26,586.
• What’s Happening: On April 10, Brightcove named John Wagner as Chief Financial Officer.
• What Brightcove Does: Brightcove Inc is a provider of cloud-based streaming technology and services.

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