100s of titles, one news app for just $10 a month.
Latest Business news:
OECD chief sees global digital tax deal pushed back to 2024
The Organisation for Economic Cooperation and Development (OECD) on Tuesday acknowledged for the first time that a global digital tax…
Read news from The Economist, FT, Bloomberg and more, with one subscription
Learn More
Shanghai: world's biggest port is returning to normal, but supply chains will get worse before they get better
Shanghai is slowly emerging from a gruelling COVID lockdown that has all but immobilised the city since March. Although Shanghai’s…
Hotels want to use NFTs to screw over travelers
Adding crypto to the travel industry will only make things less accessible and worse for the planet.
Snapchat owner leads latest round of tech-stock plunge
Social media stocks shed about $147bn (€137bn) in market value yesterday after Snap’s profit warning, adding to woes for the…
'Life is too short' - couple retires on cruise ships to avoid cost of land living
When Angelyn Burk, a recently retired accountant, decided to crunch some numbers one evening last year, she made a stunning…
From analysis to good news, read the world’s best news in one place
China's Gen Z Has the Power to Make or Break Western Brands
Young, nationalistic shoppers are derailing big bets on China
Countries agree to overhaul WHO funding model
Geneva (AFP) - The World Health Organization's member states agreed Tuesday to overhaul how they fund the UN health agency,…

Insiders Buy Around $63M Of 2 Stocks

By Lisa Levin


Although US stocks closed mixed on Tuesday, 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.

HashiCorp

  • The Trade: HashiCorp, Inc. (NYSE:HCP) 10% owner GGV Capital Select L.P. acquired a total of 412,274 shares at at an average price of $37.73. To acquire these shares, it cost around $15.56 million.
  • What’s Happening: HashiCorp is expected to release financial results for its first quarter of fiscal year 2023, which ended April 30, 2022, on Thursday, June 2, 2022.
  • What HashiCorp Does: HashiCorp Inc is engaged in solving the infrastructure challenges of cloud adoption by enabling an operating model that unlocks the full potential of modern public and private clouds.

Fiserv

  • The Trade: Fiserv, Inc. (NASDAQ:FISV) Director ValueAct Holdings GP, LLC acquired a total of 500,000 shares at an average price of $94.22. To acquire these shares, it cost around $47.11 million.
  • What’s Happening: Loop Capital recently initiated coverage on the stock with a Buy rating and $125 price target.
  • What Fiserv Does: Fiserv is a leading provider of core processing and complementary services, such as electronic funds transfer, payment processing, and loan processing, for U.S. banks and credit unions, with a focus on small and midsize banks.

Don’t forget to check out our premarket coverage here .

What is inkl?
The world’s most important news, from 100+ trusted global sources, in one place.
Morning Edition
Your daily
news overview

Morning Edition ensures you start your day well informed.

No paywalls, no clickbait, no ads
Enjoy beautiful reading

Content is only half the story. The world's best news experience is free from distraction: ad-free, clickbait-free, and beautifully designed.

Expert Curation
The news you need to know

Stories are ranked by proprietary algorithms based on importance and curated by real news journalists to ensure that you receive the most important stories as they break.