Every weekend, I dig into our insider filings tracker looking for the biggest conviction buys — and this week, a wide variety of insiders made significant purchases… all in stocks that have been under serious pressure.
Let’s take a look:
General Atlantic made a splash in software, putting another $18.3M into Alkami Technology $ALKT, a significant vote of confidence from a major institutional insider.
They’ve been steadily increasing their stake and are now the largest shareholder, owning roughly 14% of shares.
The CEO and director at International Flavors & Fragrances $IFF stepped in with a buy of $12M, signaling strong sentiment for a turnaround in the battered chemicals stock.
Confidence from leadership was also evident at Vail Resorts $MTN, where the CEO and CFO collectively bought close to $5M — a coordinated move that underscores conviction from the top.
Other notable insider activity included Loar Holdings $LOAR director Paul Levy buying shares in the amount $4.87M.
The avocado producer and distributor, Mission Produce $AVO saw a $2.58M buy from Global Harvest Holdings.
Phreesia $PHR insider Pale Fire Capital highlighted its institutional support for the stock with an $18M purchase.
Finally, Insperity $NSP caught our eye as its Chairman and CEO invested another $4.7M, a clear sign of conviction and commitment to the company’s long-term outlook.
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