10 Stocks Insiders Spent The Most Money On Recently

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1. TKO Group Holdings Inc (NYSE:TKO)

Value Of Shares Acquired: $805,295,312.70

Market Cap: $14.25 billion

The first among 10 stocks insiders spent the most money on recently is a global sports and entertainment company – TKO Group. It was created by Endeavor (NYSE:EDR) as part of a merger between World Wrestling Entertainment and Zuffa, LLC, the parent company of the Ultimate Fighting Championship.

TKO Group produces and licenses live events, TV programs, long- and short-form content, reality series, etc. Its content reaches more than 1 billion households across around 210 countries and territories. Each year, the company organizes more than 300 live events, attracting more than two million fans. The stock is also one of the 10 Top Insider Stock Buys And Sells In January.

Over the last 60 days, three insiders, including the company’s CEO, bought a total of around $805.3 million (considering only transactions worth more than $2 million) at an average price of $159.59 per share. The stock is currently trading at $166.05, having gained 16.85% since the beginning of the year. Over the past 12 months, TKO Group shares gained 93.62%.

In February, the company announced that UFC and Monster Energy have signed a multiyear renewal of their long-standing partnership, under which Monster will continue as the exclusive global Offical Energy Drink of UFC. TKO Group will release its earnings report for the fourth quarter of 2024 on February 26.

As many as 14 analysts have an average “Strong Buy” rating on the stock, with a 12-month price target of $146.46, reveals data from StockAnalysis.

Overall, TKO is first among the 10 Stocks Insiders Spent The Most Money On Recently. While we acknowledge the potential of TKO our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than TKO but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap

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