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

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

Highest Individual Purchase: $19,838,448.00

Number of Purchases Worth Between $10 million and $20 million: 3

Market Capitalization: $8.19 billion

The first of the 10 stocks with at least $10 million in insider spending recently is an audio entertainment company, which provides satellite radio and streaming services to more than 33 million subscribers in the U.S. Sirius XM Holdings’ offerings include 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. It is also one of 12 best broadcasting stocks to buy right now.

Since the beginning of the year, one insider — Berkshire Hathaway Inc — made several investments in the stock. On January 31, it purchased 840,000 shares at an average price of $23.62 per share, making an acquisition worth $19.84 million. With its latest purchase that happened on February 2, Berkshire Hathaway Inc increased its holdings in SiriusXM Radio stock to 119.78 million shares.

The stock is now trading at $24.19, having gained 6.10% year-to-date.

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.

Ten analysts have an average “Moderate Buy” rating on SIRI stock, with a 12-month target price of $31.50, according to MarketBeat.

Overall, SIRI is first among the 10 stocks with at least $10 million in insider spending recently. While we acknowledge the potential of SIRI, 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 SIRI but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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