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5 hot insider trades: Dun & Bradstreet, Calavo CEOs buy $1M+ apiece | Pro Recap

Investing.com
·2 min read

Investing.com -- Here is your Pro Recap of some of the biggest insider trades you might have missed this past week.

Dun & Bradstreet chief buys over $1M

The CEO of Dun & Bradstreet (NYSE:DNB) bought 116,250 shares of the company early last week at $10.7427 apiece. The value of the purchase was $1,248,838.88.

The company missed on earnings last month, but soon after earned a Deutsche Bank upgrade to Buy last month, with a $17 price target, on attractive risk-reward. The firm noted that it is "encouraged" by "the company's investments in enhanced technology/data/ analytics." It added, "Acknowledging that progress is unlikely to be linear, especially in an uncertain macro environment, over time we expect the company to be able to to accelerate its growth rate."

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The company got a new buy stamp from BofA in January as well.

Calavo Growers CEO picks up $1.2M

Calavo Growers (NASDAQ:CVGW) clawed back from some of its recent losses after CEO Lecil Cole bought 50,000 shares from 03/21/23-03/22/23 at prices from $23.91-$25.04. The value of the purchase was $1.214 million.

Earlier this month the company widely missed first-quarter earnings expectations on both earnings and revenue, triggering a plunge in the stock. Shares are still off nearly 20% for the month, although they gained some 16% in the past week after word of Cole's purchase.

As always, InvestingPro subscribers got this news first. Never miss a market advantage again.

Insider buys at another trio of companies

Porch Group (NASDAQ:PRCH) CEO, Matt Ehrlichman, bought 184,093 shares on 03/17/23 at $1.2778. The value of the purchase was $235,234.

Babcock & Wilcox (NYSE:BW) saw several insider buys early last week: CEO, Kenneth Young, bought 10,000 shares at $5.55; COO Jimmy Morgan bought 7,500 shares at $5.25; and Director Joseph Tato bought 2,500 shares on 03/20/23 at $5.53.

AudioEye (NASDAQ:AEYE) also saw a few insider buys: CEO David Moradi bought 4,457 shares at $5.55; Director Jamil Tahir bought 20,000 shares at $5.5112-$5.6828; and Chairman Carr Bettis bought 2,500 shares on 03/17/23 at $5.60.

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