5 Healthcare Stocks with Insider Buying

4. Acumen Pharmaceuticals, Inc. (NASDAQ:ABOS)

Number of Hedge Fund Holders: 18

Virginia-based company Acumen Pharmaceuticals, Inc. (NASDAQ:ABOS) ranks 4th in our list of the top healthcare stocks with insider buying. Ra Capital Healthcare Fund Lp, a director and 10% owner at Acumen Pharmaceuticals, Inc. (NASDAQ:ABOS), bought about 5.16 million shares of the company at $7.75 per piece. The total value of this insider transaction was about $40 million. As of August 9 Acumen Pharmaceuticals, Inc. (NASDAQ:ABOS) is trading at $7.

Recently, Acumen Pharmaceuticals, Inc. (NASDAQ:ABOS) posted second-quarter results. Its GAAP EPS  in the quarter came in at -$0.28 beating estimates by $0.07. As of the end of June, Acumen Pharmaceuticals, Inc. (NASDAQ:ABOS)’s cash, cash equivalents and marketable securities totaled $172.2 million, down from $183.8 million as of March 31, 2023.