5 Penny Stocks Insiders Are Buying

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.

Castlight Health

• The Trade: Castlight Health, Inc. CSLT CEO Maeve Omeara acquired a total of 186290 shares . The insider also sold a total of 99009 shares at an average price of $1.77.
• What’s Happening: Castlight Health recently issued Q4 sales guidance with a midpoint below estimates..
• What Castlight Health Does: Castlight Health Inc provides a software-as-a-service platform. It is used for health benefits navigation for employees in the United States.

Lipocine

• The Trade: Lipocine Inc. LPCN CEO and President Mahesh Patel acquired a total of 25000 shares at an average price of $1.09. The insider spent $27,250.00 to buy those shares.
• What’s Happening: Lipocine recently posted a Q3 loss of $0.03 per share.
• What Lipocine Does: Lipocine Inc is a clinical-stage biopharmaceutical company. It is focused on oral drug delivery technology for the development of pharmaceutical products focusing on metabolic and endocrine disorders. The company's product TLANDO, is an oral testosterone replacement therapy.

Movano

• The Trade: Movano Inc. MOVE Chief Technology Officer Michael Aaron Leabman acquired a total of 1500 shares at an average price of $3.50. To acquire these shares, it cost $5,246.25.
• What’s Happening: Movano recently posted a Q3 loss of $0.16 per share.
• What Movano Does: Movano Inc is a health-focused technology company developing simple, smart, and personalized devices designed to help individuals on their health journey maintain good health today and prevent and manage chronic diseases in the future.

Audacy

• The Trade: Audacy, Inc. AUD Chairman, President and CEO David J Field acquired a total of 116224 shares shares at an average price of $2.88. The insider spent $334,802.38 to buy those shares.
• What’s Happening: Audacy recently posted a Q3 loss of $0.04 per share.
• What Audacy Does: Audacy Inc is a scaled, multi-platform audio content and entertainment company engaged in the segment of audio. It is a creator of original, premium audio.

ClearOne

• The Trade: ClearOne, Inc. CLRO President and CEO Zeynep Hakimoglu acquired a total of 10000 shares shares at an average price of $1.35. The insider spent $13,500.00 to buy those shares.
• What’s Happening: ClearOne reported collaboration with DISH Network to install gear in multiple corporate buildings.
• What ClearOne Does: ClearOne Inc is a communications solutions company, which is engaged in designing, developing, and selling conferencing, collaboration, streaming, and digital signage solutions for audio, video, and visual communication.