$3M Bet On Hippo Holdings? Check Out These 3 Stocks Insiders Are Buying

Although US stocks closed higher on Monday, 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.

Hippo Holdings

• The Trade: Hippo Holdings Inc. HIPO Director Noah Knauf acquired a total of 208,531 shares an average price of $14.43. To acquire these shares, it cost around $3.01 million.
• What’s Happening: Hippo Holdings Board authorized a stock repurchase program for up to $50 million of its common stock, effective immediately.
• What Hippo Holdings Does: Hippo Holdings Inc is a home insurance group that created a new standard of care and protection for homeowners.

Lazydays Holdings

• The Trade: Lazydays Holdings, Inc. LAZY Director Christopher Shackelton acquired a total of 505,184 shares at an average price of $12.28. To acquire these shares, it cost around $6.2 million.
• What’s Happening: Lazydays Holdings posted Q4 adjusted loss of $0.02 per share.
• What Lazydays Holdings Does: Lazydays Holdings Inc operates recreational vehicle dealerships. It provides products and services for RV owners and outdoor enthusiasts.

Don’t forget to check out our premarket coverage here

ModivCare

• The Trade: ModivCare Inc. MODV Director Adam Gray bought a total of 26,397 shares at an average price of $79.89. To acquire these shares, it cost around $2.11 million.
• What’s Happening: ModivCare posted better-than-expected quarterly results.
• What ModivCare Does: ModivCare Inc is a technology-enabled healthcare services company that provides a suite of integrated supportive care solutions for payors and their members.

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