10 Stocks With At Least $10 Million In Insider Spending Recently

4. Beta Bionics, Inc. (NASDAQ:BBNX)

Highest Individual Purchase: $17,000,000.00

Number of Purchases Worth Between $10 million and $20 million: 1

Market Capitalization: $908.72 million

The fourth on this list of 10 stocks with at least $10 million in insider spending recently is a commercial-stage medical device company focused on developing solutions to enhance the health and quality of life of insulin-dependent people with diabetes. The company’s iLet Bionic Pancreas is an insulin delivery device for treating type 1 diabetes in adults and children six years of age and older. Beta Bionics is also developing Patch Pump, an insulin pump that is designed to adhere directly to the skin and administer insulin without the need for tubing.

On January 31, one insider acquired $17 million worth of Beta Bionics shares at a price of $17 per share. This acquisition was part of the company’s $234.6 million initial public offering. The stock is currently trading at $20.97 per share.

According to seven Wall Street analysts, Beta Bionics stock is a “Strong Buy,” reveals TipRanks. The analysts have also given an average price target of $26.43, representing a 26.04% increase from the previous price.