5 Stocks with Heavy Insider Buying in 2023

4. Morphic Holding, Inc. (NASDAQ:MORF)

Number of Hedge Fund Holders: 20

Tim Springer, the founder of Morphic Holding, Inc. (NASDAQ:MORF), is also a 10% stakeholder and board member at Morphic Holding. The executive bought about 1.05 million shares of Morphic Holding, Inc. (NASDAQ:MORF) at $45 per share earlier this month. Morphic Holding, Inc. (NASDAQ:MORF) is up about 28% over the past 30 days.

Morphic Holding, Inc. (NASDAQ:MORF) is working on oral integrin therapies for the treatment of serious chronic diseases. In April Morphic Holding, Inc. (NASDAQ:MORF) posted its Q1 results. GAAP EPS in the period came in at -$0.90. Revenue in the period fell 79% year over year to $0.5 million, missing estimates by $1.66 million.