Over $6M Bet On This Tech Stock? Check Out These 3 Stocks Insiders Are Buying

Although U.S. 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.

Appian

• The Trade: Appian Corporation APPN 10% owner Colin T. Moran acquired a total of 190,000 shares at an average price of $35.33. To acquire these shares, it cost around $6.71 million.
• What's Happening: Appian will release financial results for the second quarter, before the opening bell on Thursday, Aug. 1.
• What Appian Does: Appian is a low-code enterprise platform-as-a-service company focusing on business process management.

Dorchester Minerals

• The Trade: Dorchester Minerals, L.P. DMLP Dorchester Minerals Operating LP acquired a total of 2,900 shares at an average price of $32.23. To acquire these shares, it cost around $93,460.
• What's Happening: On May 2, Dorchester Minerals posted first-quarter earnings of 44 cents per share.
• What Dorchester Minerals Does: Dorchester Minerals LP operates as the owner of producing and non-producing crude oil and natural gas mineral, royalty, overriding royalty, net profits and leasehold interests.

Resources Connection

• The Trade: Resources Connection, Inc. RGP Director Roger D Carlile bought a total of 25,000 shares at an average price of $11.25. To acquire these shares, it cost around $281,250.
• What's Happening: On July 18, Resources Connection reported better-than-expected fourth-quarter financial results.
• What Resources Connection Does: Resources Connection Inc provides consulting and business initiative support services primarily through its operative subsidiary, Resources Global Professionals. It has two segments RGP ( Resources Global Professionals.) and Other segments.

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