Over $6M Bet On ModivCare? Check Out These 3 Stocks Insiders Are Buying

Although U.S. stocks closed mixed on Wednesday, 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.

ModivCare

• The Trade: ModivCare Inc. MODV Director Adam Gray acquired a total of 213,248 shares an average price of $29.82. To acquire these shares, it cost around $6.36 million.
• What’s Happening: Modivcare said Barbara Gutierrez will join as Chief Financial Officer.
• 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.

Semler Scientific

• The Trade: Semler Scientific, Inc. SMLR Director Eric Semler acquired a total of 77,771 shares at an average price of $27.61. To acquire these shares, it cost around $2.15 million.
• What’s Happening: Semler Scientific reported better-than-expected second-quarter financial results.
• What Semler Scientific Does: Semler Scientific Inc is a US-based company that is engaged in providing technology solutions to improve the clinical effectiveness and efficiency of healthcare providers.

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Rollins

• The Trade: Rollins, Inc. ROL Director Russell Paul Hardin bought a total of 5,560 shares at an average price of $36.00. To acquire these shares, it cost around $200,160.
• What’s Happening: Rollins priced a secondary stock offering of 38.7 million shares at $35 per share.
• What Rollins Does: Rollins is a global leader in route-based pest-control services, with operations spanning North, Central and South America, Europe, the Middle East and Africa and Australia.

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