10 Stocks Insiders Spent The Most Money On Recently

5. Sirius XM Holdings Inc. (NASDAQ:SIRI)

Value Of Shares Acquired: $96,443,369.86

Market Cap: $8.98 billion

Sirius XM is an audio entertainment company, which provides satellite radio and streaming services to more than 33 million subscribers in the U.S. Its offering includes a wide range of audio content, from music and sports to news and podcasts. The company was formed in 2008 through the merger of Sirius Satellite Radio and XM Satellite Radio to become SiriusXM Radio.

Over the last 60 days, one insider – Berkshire Hathaway Inc, purchased $96.66 million worth of Sirius XM Holdings shares at an average price of $20.76 per share. The stock is now trading at $26.52, having gone up 16.32% since the beginning of the year.

Sirius XM reported fourth-quarter and full-year 2024 revenue of $2.19 billion and $8.70 billion, respectively, representing declines of 4% and 3%, respectively, compared to the same periods in 2023. Out of the total revenue, subscribers revenue amounted to $1.65 billion, which compares to $1.73 billion in the comparable quarter of the prior year. The company reported net income of $287 million for the fourth quarter and a net loss of $2.08 billion for the full year 2024, compared to net income of $228 million and $988 million in the prior year, respectively.

Fifteen analysts have an average “Hold” rating on SIRI stock, with a 12-month target price of $27.04, representing an increase of 1.96% from the previous price, according to StockAnalysis.

Sirius XM is also considered one of the 12 Best Broadcasting Stocks to Buy Right Now.