4 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.

Qumu

• The Trade: Qumu Corporation QUMU CCO/Chief Counsel Jason Karp acquired a total of 10000 shares at an average price of $1.94. To acquire these shares, it cost $19,415.85.
• What’s Happening: Qumu and GovSmart announced plans to 'bring Qumu's Video Engagement Platform to government agencies.'
• What Qumu Does: Qumu Corp provides the software solutions to create, manage, secure, distribute and measure the success of live and on-demand video for enterprises.

VBI Vaccines

• The Trade: VBI Vaccines Inc. VBIV Chief Business Officer Nell Beattie acquired a total of 8200 shares at an average price of $2.45. The insider spent $20,083.44 to buy those shares.
• What’s Happening: VBI Vaccines, last week, presented updated 12-month and 18-month overall survival (OS) data from the Phase 2a study of VBI-1901, the Company's recurrent glioblastoma (GBM) vaccine.
• What VBI Vaccines Does: VBI Vaccines Inc is a US-based commercial-stage, the biopharmaceutical company which is engaged in developing next-generation vaccines to address unmet needs in infectious disease and immuno-oncology.

Nocopi Technologies

• The Trade: Nocopi Technologies, Inc. NNUP 10% owner Tim Eriksen acquired a total of 171000 shares at an average price of $0.16. To acquire these shares, it cost $27,202.50.
• What’s Happening: The company’s stock has dropped around 5% since the start of the year.
• What Nocopi Technologies Does: Nocopi Technologies Inc develops and markets specialty reactive inks. Its main business activities are the development and distribution of document security products and the licensing of its patented reactive ink technologies for the entertainment and toy and the document and product authentication markets in the United States and foreign countries.

Orbital Energy

• The Trade: Orbital Energy Group, Inc. OEG CEO James F. O'Neil III acquired a total of 80000 shares at an average price of $2.28. The insider spent $182,000.00 to buy those shares.
• What’s Happening: Orbital Energy Group, last month, reported third-quarter revenue growth of 127% year-over-year to $30.92 million, missing the consensus of $31.84 million.
• What Orbital Energy Does: Orbital Energy Group Inc is a diversified energy infrastructure services company. Orbital Energy's group of businesses includes Orbital Gas Systems, Orbital Power Services, and Orbital Solar Services.