Insiders Are Dumping These 5 Healthcare Stocks

4. Inspire Medical Systems Inc (NYSE:INSP)

Number of Hedge Fund Investors: 46

Inspire Medical Systems Inc (NYSE:INSP) makes treatments for Obstructive Sleep Apnea. Inspire Medical Systems Inc’s (NYSE:INSP) Chief Commercial Officer Randy Ban on February 23 sold 15,290 shares of Inspire Medical Systems Inc (NYSE:INSP) at $184.70 per share. Since then the stock price has seen a 13% rise. John Rondoni, Inspire’s CTO, sold 3,062 shares of Inspire Medical Systems Inc (NYSE:INSP) on March 22 at $194.46 per share. The stock is up 5.5% since then.

Mairs & Power Small Cap Fund stated the following regarding Inspire Medical Systems, Inc. (NYSE:INSP) in its fourth quarter 2023 investor letter:

Looking at individual stocks, year-to-date relative underperformance was driven in part by several stocks. Inspire Medical Systems, Inc. (NYSE:INSP), a medical technology device company based in Minnesota that offers minimally invasive implants to address obstructive sleep apnea which has experienced volatility related to fears of substitution risk from GLP-1 weight loss drugs.”