Insider Buying Alert: These 5 Stocks are Seeing Significant Insider Activity

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In this article, we will take a look at the 5 stocks that are seeing significant buy-side insider activity. If you want to explore similar stocks, you can go to Insider Buying Alert: These 10 Stocks are Seeing Significant Insider Activity.

5. Gen Digital Inc. (NASDAQ:GEN)

Number of Hedge Fund Holders: 32

32 hedge funds disclosed having stakes in Gen Digital Inc. (NASDAQ:GEN) at the end of Q1 2023. The total value of these stakes amounted to $963.3 million. As of March 31, Starboard Value LP is the largest shareholder in the company and has a stake worth $324.5 million.

Gen Digital Inc. (NASDAQ:GEN) is placed fifth among the stocks that are seeing significant insider activity right now. On May 17 the company disclosed that its president, Ondrej Vlcek, bought 300,000 company shares at $15.79 per share. The transaction was valued at $4.73 million.

On May 19, Evercore ISI started coverage of Gen Digital Inc. (NASDAQ:GEN) with an Outperform rating and a $27 price target.

Follow Gen Digital Inc. (NASDAQ:GEN)

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