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10 Large-Cap Stocks with Insider Buying

In this article, we will take a look at the 10 large-cap stocks with insider buying. If you want to explore similar stocks, you can also take a look at 5 Large-Cap Stocks with Insider Buying.

“There Are Indications That We’ll Have A Better Second Half”

On May 12 Katie Stockton, founder and managing partner of Fairlead Strategies, appeared in an interview on CNBC to discuss current market trends and her outlook for the back half of 2023. Stockton thinks there is a sense of uncertainty prevailing in the market, evident through a “consolidation phase” across various asset classes, including stocks and bonds.

Stockton noted that investors lack “strong conviction” regarding the direction of the market and that indicators continue to point lower, with the S&P 500 failing to confirm a breakout above the 4,155 level. This is indicative of a “near-term setback”. Additionally, Stockton thinks that going below 4,000 on the S&P 500 could cause market sentiment to become more bearish, potentially leading to further downside.

However, Stockton thinks “there are indications that we’ll have a better second half”, with improved “long-term momentum buy signals” expected. Here are some comments from Katie Stockton:

“Some challenges here, nothing major, we would be interested in reevaluating and looking for buying opportunities into the next downdraft… There are a lot of stocks out there that are oversold, and to the extent that they’re oversold and not breaking down, there may be some opportunity there.”

Investing in the stock market involves a blend of careful analysis, risk assessment, and strategic decision-making, especially in the current market environment when there is elevated downside risk. One approach that has gained prominence over the years is mimicking insider trades and tracking where big money managers are placing their bets. Insider trading can be a powerful indicator that can provide valuable insights into a company’s future prospects and can serve as a lucrative investment strategy for investors with a relatively longer-term time horizon. Corporate insiders have access to valuable information about their companies, and when they decide to buy shares on the open market, it can signal a strong vote of confidence in the future of the business. In the first quarter of 2023, there were several large-cap companies that saw significant insider buying including Energy Transfer L.P. (NYSE:ET), General Dynamics Corporation (NYSE:GD), and U.S. Bancorp (NYSE:USB). Let’s now discuss these stocks, among others, in detail below.

Photo by Ruben Sukatendel on Unsplash

Our Methodology

We used Insider Monkey’s insider trading screener to screen for stocks that have been purchased by corporate insiders between May 1 and May 19. We sorted our screen by transaction amount. We narrowed down our selection to large-cap stocks that have been experiencing high levels of insider purchases. These stocks are ranked in ascending order of their market cap, as of May 19.

Large-Cap Stocks with Insider Buying

10. Paramount Global (NASDAQ:PARA

Market Cap as of May 19: $10.23 Billion

On May 16 Paramount Global (NASDAQ:PARA) disclosed that its director, Shari Redstone, purchased 165,000 shares of the company at an average share price of $15.06 per share. The transaction was valued at $2.48 million. As of May 19, Paramount Global (NASDAQ:PARA) is worth $10.23 billion on the open market and is one of the large-cap stocks that insiders are piling into.

On May 5, Evercore ISI analyst Vijay Jayant updated his price target on Paramount Global (NASDAQ:PARA) to $18 from $25 and maintained an In Line rating on the shares.

As of March 31, Berkshire Hathaway is the largest investor in Paramount Global (NASDAQ:PARA) and has disclosed a position worth $2.09 billion in the company.

Other stocks that are experiencing high levels of insider activity right now include Energy Transfer L.P. (NYSE:ET), General Dynamics Corporation (NYSE:GD), and Occidental U.S. Bancorp (NYSE:USB).

9. Toast, Inc. (NYSE:TOST)

Market Cap as of May 19: $10.98 Billion

Toast, Inc. (NYSE:TOST) is an American provider of cloud-based restaurant management software. As of May 19, the stock has gained 18.01% year-to-date and is valued at $10.98 billion on the open market.

Toast, Inc. (NYSE:TOST) is experiencing high levels of insider activity. The company’s director, David Yuan, purchased $12.5 million worth of the company’s shares between May 12 and May 15. Toast, Inc. (NYSE:TOST) is ranked ninth on our list of large-cap stocks with insider buying.

This May, Mizuho analyst Dan Dolev raised his price target on Toast, Inc. (NYSE:TOST) to $25 from $23 and maintained a Buy rating on the shares.

As of March 31, HMI Capital is the dominant shareholder in Toast, Inc. (NYSE:TOST) and holds a stake worth $279.3 million in the company.

8. Coinbase Global, Inc. (NASDAQ:COIN)

Market Cap as of May 19: $13.77 Billion

Coinbase Global, Inc. (NASDAQ:COIN) is one of the top large-cap stocks that insiders are buying right now. Between May 1 and May 19 the company’s director, Fred Ehrsam, has bought $50 million worth of shares of Coinbase Global, Inc. (NASDAQ:COIN). As of May 19, the stock has a market cap of $13.77 billion and has returned 71.73% to investors on a year-to-date basis.

On May 4, Coinbase Global, Inc. (NASDAQ:COIN) announced earnings for the first quarter of fiscal 2023. The company reported earnings per share of $0.45 and outperformed EPS estimates by $1.32. The company’s revenue for the quarter amounted to $772.53 million and beat market consensus by $118.57 million.

On May 8, Daiwa analyst Steven Nie upgraded Coinbase Global, Inc. (NASDAQ:COIN) to Buy from Hold and raised his price target on the stock to $65 from $58.

As of March 31, ARK Investment Management is the top shareholder in Coinbase Global, Inc. (NASDAQ:COIN) and has disclosed a stake worth $795.7 million in the company.

7. Axon Enterprise, Inc. (NASDAQ:AXON)

Market Cap as of May 19: $14.95 Billion

Axon Enterprise, Inc. (NASDAQ:AXON) is a leading manufacturer of weapons products for military, law enforcement, and civilians. The company has two segments: Software & Sensors, and TASER. This May, Baird analyst William Power raised his price target on Axon Enterprise, Inc. (NASDAQ:AXON) to $240 from $237 and reiterated an Outperform rating on the shares.

On May 9, Axon Enterprise, Inc. (NASDAQ:AXON) announced strong earnings for the first quarter of fiscal 2023. The company reported earnings per share of $0.88 and outperformed EPS expectations by $0.34. The company’s revenue for the quarter amounted to $343.04 million, up 33.78% year over year and ahead of Wall Street consensus by $23.30 million.

On May 17 Axon Enterprise, Inc. (NASDAQ:AXON) disclosed that its CFO and CBO, Brittany Bagley, and director, Hadi Partovi, purchased $2.5 million worth of the company’s shares. Brittany Bagley purchased 250 shares at an average price of $200 per share for a total transaction amount of $50,000. Hadi Partovi purchased 10,000 shares of the company for a total transaction amount of roughly $2 million.

As of May 19, Axon Enterprise, Inc. (NASDAQ:AXON) has gone up by 18.38% year-to-date and is valued at $14.95 billion on the open market. The stock is ranked seventh among the top large-cap stocks with insider buying.

As of March 31, Broadwood Capital is the leading investor in Axon Enterprise, Inc. (NASDAQ:AXON) and holds a position worth $170.8 million in the company.

Baron Funds made the following comment about Axon Enterprise, Inc. (NASDAQ:AXON) in its Q1 2023 investor letter:

“Shares of Axon Enterprise, Inc. (NASDAQ:AXON), a public safety-focused technology company, rose during the quarter following a robust earnings report and a favorable long-term outlook which raised revenue guidance, beating investor expectations. Notable growth in Axon’s higher-margin cloud software business and Sensors segment reflects strong demand for the company’s digital evidence management, productivity, and real-time operations platforms, as well as Axon Fleet in-car cameras. The company is also targeting reducing costs and share dilution, as well as enhancing free-cash-flow conversion in the coming years. All of this offers dramatic upside potential. With line of sight to more than 20% sustained revenue growth, an improving margin profile with the growth of software solutions, and a management team that has demonstrated an ability to innovate quickly, sell to customers, and manage costs effectively, Axon has solidified itself as a best-in-class company and a compelling investment in the public safety space.

We reduced our position in Axon Enterprise, Inc. a bit after the stock moved up meaningfully during the quarter, purely for risk management purposes. We continue to think this is a fantastic company with great long-term prospects.”

6. Royalty Pharma Plc (NASDAQ:RPRX)

Market Cap as of May 19: $15.24 Billion

On April 10, Morgan Stanley raised its price target on Royalty Pharma Plc (NASDAQ:RPRX) to $50 from $48 and maintained an Overweight rating on the shares.

On May 16 Royalty Pharma Plc (NASDAQ:RPRX) announced that its founder and CEO, Pablo G Legorreta, purchased 160,388 shares of the company at an average share price of $33.57 for a total transaction amount of $5.38 million. On May 17, Pablo G Legorreta purchased an additional 69,612 shares of the company at an average share price of $32.94 for a total transaction amount of $2.29 million.

As of May 19, Royalty Pharma Plc (NASDAQ:RPRX) is worth $15.24 billion on the open market and is one of the top large-cap stocks that insiders are buying right now.

As of March 31, Viking Global is the largest shareholder in Royalty Pharma Plc (NASDAQ:RPRX) and has a stake worth $403.6 million.

In addition to Royalty Pharma Plc (NASDAQ:RPRX), other notable large-cap stocks that insiders are piling into right now include Energy Transfer L.P. (NYSE:ET), General Dynamics Corporation (NYSE:GD), and U.S. Bancorp (NYSE:USB).

Click to continue reading and see 5 Large-Cap Stocks with Insider Buying.

 

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Disclosure: None. 10 Large-Cap Stocks with Insider Buying is originally published on Insider Monkey.

AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

And that’s where the real opportunity lies…

One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

  • It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
  • It’s one of the only global companies capable of executing large-scale, complex EPC (engineering, procurement, and construction) projects across oil, gas, renewable fuels, and industrial infrastructure.
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Trump has made it clear: Europe and U.S. allies must buy American LNG.

And our company sits in the toll booth—collecting fees on every drop exported.

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As Trump’s proposed tariffs push American manufacturers to bring their operations back home, this company will be first in line to rebuild, retrofit, and reengineer those facilities.

AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

While the world is distracted by flashy AI tickers, a few smart investors are quietly scooping up shares of the one company powering it all from behind the scenes.

AI needs energy. Energy needs infrastructure.

And infrastructure needs a builder with experience, scale, and execution.

This company has its finger in every pie—and Wall Street is just starting to notice.

Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

While most energy and utility firms are buried under mountains of debt and coughing up hefty interest payments just to appease bondholders…

This company is completely debt-free.

In fact, it’s sitting on a war chest of cash—equal to nearly one-third of its entire market cap.

It also owns a huge equity stake in another red-hot AI play, giving investors indirect exposure to multiple AI growth engines without paying a premium.

And here’s what the smart money has started whispering…

The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

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Why? Because excluding cash and investments, this company is trading at less than 7 times earnings.

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  • The AI infrastructure supercycle
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A New Dawn is Coming to U.S. Stocks

I work for one of the largest independent financial publishers in the world – representing over 1 million people in 148 countries.

We’re independently funding today’s broadcast to address something on the mind of every investor in America right now…

Should I put my money in Artificial Intelligence?

Here to answer that for us… and give away his No. 1 free AI recommendation… is 50-year Wall Street titan, Marc Chaikin.

Marc’s been a trader, stockbroker, and analyst. He was the head of the options department at a major brokerage firm and is a sought-after expert for CNBC, Fox Business, Barron’s, and Yahoo! Finance…

But what Marc’s most known for is his award-winning stock-rating system. Which determines whether a stock could shoot sky-high in the next three to six months… or come crashing down.

That’s why Marc’s work appears in every Bloomberg and Reuters terminal on the planet…

And is still used by hundreds of banks, hedge funds, and brokerages to track the billions of dollars flowing in and out of stocks each day.

He’s used this system to survive nine bear markets… create three new indices for the Nasdaq… and even predict the brutal bear market of 2022, 90 days in advance.

Click to continue reading…