Making sense of the markets these days is no easy trick. Inflation is stubbornly high, and rising. The Federal Reserve has embarked on a policy of rate hikes and monetary tightening in response, but there are serious worries that their new path is a matter of too little, too late. The war in Ukraine and further Chinese COVID-lockdowns have promised further shortages of vital commodities and products, just as supply chains were beginning to untangle themselves. It’s no wonder that the big market trend of 2022 so far has been a huge increase in volatility.
Following the insiders is one way to find stocks that are worth buying. After all, the insiders, under scrutiny from shareholders, Boards of Directors, and Federal regulators, don’t trade their own company shares lightly. But how do you know which insiders to follow? Are all insider trades made equal?
They’re not, of course. Some are simple stock adjustments, to fit shareholdings into corporate salary structures, others are related to bonus or severance compensation. But some insider trades are really worth noticing. The Insiders’ Hot Stocks tool, at TipRanks, offers the filters to sift through these trades and find those nuggets – trades that get into the millions, and are sure to raise eyebrows.
We’ve used that data to locate two stocks that have seen recent insiders trades of that impressive magnitude. They made for an interesting bunch, Buy-rated equities with plenty of upside potential, according to the analyst community. Let’s take a closer look.
We’ll start in the world of multichannel digital marketing, where Braze, a New York-based company, offers a cloud-based software package for customer engagement. The platform is scalable, with tools for data analytics and optimization, giving marketers options for retail and e-commerce, media and entertainment, customer onboarding, and improved acquisitions. In short, Braze makes it possible to connect customers with brands.
The company is no newcomer to the digital marketing world. It was founded in 2011, and has built up…