5 Stocks With Heavy Insider Buying In 2024

3. Instacart (NASDAQ:CART)

Number of Hedge Fund Investors: 38

Grocery delivery company Instacart (NASDAQ:CART) ranks third in our list of the stocks with heavy insider buying activity in 2024. Ravi Gupta, a director at the ecommerce company, on February 20 amassed a whopping 2 million shares of Instacart (NASDAQ:CART) at $28.54. As of February 27 market close the stock was trading at $31.56.  Since February 20 the stock has gained about 13.93% through February 27.

As of the end of the fourth quarter of 2023, 38 hedge funds out of the 933 funds in Insider Monkey’s database had stakes in Instacart (NASDAQ:CART).