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Insiders Are Buying These 5 Penny Stocks

This article presents an overview of Insiders Are Buying These 5 Penny Stocks. For a detailed overview of the 15 such stocks read our article, Insiders Are Buying These 11 Penny Stocks.

5. Gain Therapeutics Inc (NASDAQ:GANX)

Number of Hedge Fund Investors: 5

Maryland-based biotechnology company Gain Therapeutics Inc (NASDAQ:GANX) ranks fifth in our list of the penny stocks with latest insider purchases. On March 28, Jeffrey Riley, a board member at Gain Therapeutics Inc (NASDAQ:GANX), bought 30,000 shares of Gain Therapeutics Inc (NASDAQ:GANX) at $3.86 per share. Since then the stock is up 1.6%.

As of the end of the fourth quarter of 2023, five hedge funds in Insider Monkey’s database had stakes in Gain Therapeutics Inc (NASDAQ:GANX).

4. Citizens Inc. (NYSE:CIA)

Number of Hedge Fund Investors: 8

Insurance company Citizens Inc. (NYSE:CIA) ranks fourth in our list of the penny stocks with latest insider buying activity. James Morgan, a director at Citizens Inc. (NYSE:CIA), on March 26 bought 5,000 shares of Citizens Inc. (NYSE:CIA) at $2.11 per share. Since then the stock is up about 0.5%.

Citizens Inc.’s (NYSE:CIA) CEO Gerald Shields on March 21 bought 16,000 shares of Citizens Inc. (NYSE:CIA) at $2.22 per share. He had also amassed 29,182 shares of Citizens Inc. (NYSE:CIA) in November at $3.00 per share.

3. Rezolute Inc (NASDAQ:RZLT)

Number of Hedge Fund Investors: 10

California-based biotechnology company Rezolute Inc (NASDAQ:RZLT) ranks third in our list of the penny stocks insiders are piling into. Daron Evans, Rezolute Inc’s (NASDAQ:RZLT) CFO, on March 8 bought 50,000 shares of Rezolute Inc (NASDAQ:RZLT) at $1.93 per share. Since then through April 2 the stock has gained about 27%. Brian Roberts, Rezolute Inc’s (NASDAQ:RZLT) Chief Medical Officer, also bought 10,000 Rezolute Inc (NASDAQ:RZLT) shares on March 14 at $1.88 per share. Since then the stock is up 32%.

2. ALTUS Power Inc (NYSE:AMPS)

Number of Hedge Fund Investors: 14

Clean energy solutions company ALTUS Power Inc (NYSE:AMPS) ranks second in our list of the penny stocks with latest insider purchases. ALTUS Power Inc’s (NYSE:AMPS) co-founder and co-CEO Gregg Felton on March 28 bought 12,500 shares of ALTUS Power Inc (NYSE:AMPS) at $4.78 per share. Since then the stock is up 1%.

As of the end of the last quarter of 2023, 14 hedge funds out of the 933 funds in Insider Monkey’s database had stakes in ALTUS Power Inc (NYSE:AMPS).

1. Commscope Holding Company Inc (NASDAQ:COMM)

Number of Hedge Fund Investors: 23

Network infrastructure solutions provider Commscope Holding Company Inc (NASDAQ:COMM) is one of the penny stocks with recent insider purchases. On March 27 Commscope Holding Company Inc’s (NASDAQ:COMM) EVP and CFO Kyle Lorentzen snapped up 11,600 shares of Commscope Holding Company Inc (NASDAQ:COMM) at $1.25 per share. Since then the stock price has gained about 3.94%.

Out of the 933 hedge funds tracked by Insider Monkey, 23 hedge funds reported owning stakes in Commscope Holding Company Inc (NASDAQ:COMM). The biggest stakeholder of Commscope Holding Company Inc (NASDAQ:COMM) during this period was Bob Peck and Andy Raab’s  FPR Partners which owns a $53 million stake in Commscope Holding Company Inc (NASDAQ:COMM).

Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also look at the Insiders Are Selling These 10 Retail Stocks and the Insiders Are Dumping These 10 Healthcare Stocks.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

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Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

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