$8M Bet On Impinj? Check Out These 4 Stocks Insiders Are Buying

Although U.S. stocks closed mostly higher on Friday, 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.

Asana

• The Trade: Asana, Inc. ASAN President, CEO and Chair Dustin Moskovitz acquired a total of 160,000 shares an average price of $21.62. To acquire these shares, it cost around $3.46 million.
• What’s Happening: Asana is expected to report financial results for the second quarter fiscal year 2024, after the closing bell on Sept. 5, 2023.
• What Asana Does: Asana Inc is a software company. The company provides a platform for work management that helps teams orchestrate work, from daily tasks to cross-functional strategic initiatives.

Impinj

• The Trade: Impinj, Inc. PI Director Patrick Daniel Gibson acquired a total of 126,427 shares at an average price of $63.32. To acquire these shares, it cost around $8.01 million.
• What’s Happening: Impinj posted upbeat second-quarter results.
• What Impinj Does: Impinj Inc operates a platform that enables wireless connectivity to everyday items by delivering each item's identity, location, and authenticity to business and consumer applications.

Don’t forget to check out our premarket coverage here

Diebold Nixdorf

• The Trade: Diebold Nixdorf, Incorporated DBD Director, Board Chair, President and CEO Octavio Marquez bought a total of 1,000 shares at an average price of $18.69. To acquire these shares, it cost around $18,690.
• What’s Happening: Diebold Nixdorf expanded DN Series® offerings to address enduring use of cash.
• What Diebold Nixdorf Does: Diebold Nixdorf Inc is engaged in providing software and hardware services for financial and retail industries.

Check This Out: Asana Likely To Post Narrower Q2 Loss; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

Quest Resource Holding

• The Trade: Quest Resource Holding Corporation QRHC 10% owner Joshua Landes bought a total 5,366 shares at an average price of $7.25. The insider spent around $38,880 to buy those shares.
• What’s Happening: Quest Resource Holding posted a profit for the second quarter.
• What Quest Resource Holding Does: Quest Resource Holding Corp is a national provider of waste and recycling services to customers from across multiple industry sectors that are typically larger, multi-location businesses.