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

4. Paramount Global (NASDAQ:PARA)

Number of Hedge Fund Holders: 34

This May, Evercore ISI analyst Vijay Jayant revised his price target on Paramount Global (NASDAQ:PARA) to $18 from $25 and reiterated an In Line rating on the shares.

Insiders are racking up shares of Paramount Global (NASDAQ:PARA). On May 16 the company disclosed that its director, Shari Redstone, bought 165,000 company shares at $15.06 per share for a total transaction amount of $2.48 million.

At the close of the first quarter of 2023, 34 hedge funds were eager on Paramount Global (NASDAQ:PARA) and held collective positions worth $2.71 billion in the company. This is compared to 38 hedge funds in the previous quarter with stakes worth $2.22 billion. As of March 31, Berkshire Hathaway is the largest stockholder in the company and has a stake worth $2 billion.