5 Stocks with Heavy Insider Buying in 2023

Page 1 of 5

In this article, we will take a look at the 5 stocks with heavy insider buying in 2023. To see more such companies, go directly to 11 Stocks with Heavy Insider Buying in 2023.

5. Luminar Technologies, Inc. (NASDAQ:LAZR)

Number of Hedge Fund Holders: 17

Luminar Technologies, Inc. (NASDAQ:LAZR) makes Lidar systems and machine perception technologies for self-driving cars. Luminar Technologies, Inc. (NASDAQ:LAZR)’s CEO Austin Russell initiated multiple stock purchases earlier this month. The executive bought 3.57 million shares of Luminar Technologies, Inc. (NASDAQ:LAZR) in total at $5.98 per share.

The executive recently made headlines after he bought a majority stake in Forbes Global Media.

 Jun Hong Heng, a board member at Luminar Technologies, Inc. (NASDAQ:LAZR), also acquired 33,700 shares of the company at $5.91 earlier this month.

Luminar Technologies, Inc. (NASDAQ:LAZR) shares are up about 35% year to date as of May 19. The stock was trading at $6.35 on May 19 morning.

Page 1 of 5