10 Stocks With At Least $20 Million In Insider Spending Recently

4. TKO Group Holdings, Inc. (NYSE:TKO)

Highest Individual Purchase: $26,001,524.32

Number of Purchases Worth Between $20 million and $35 million: 6

Market Capitalization: $12.29 billion

The sports and entertainment giant, TKO Group, 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. The New York and Beverly Hills, California-based company produces and licenses live events, TV programs, long- and short-form content, reality series, and more. Its diverse 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.

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.

In December, three insiders, including the CEO, made several investments in the company. Three investments amounted to $26 million each, acquiring 176,833 shares for $147.04 per share. Currently, the stock is trading at $147.79, having gained 4% since the beginning of the year.

For full year 2024, TKO Group disclosed revenue of $2.804 billion, net income of $6.4 million and adjusted EBITDA of $1.251 billion.

According to 15 analysts, the average rating for TKO Group stock is “Strong Buy.” A 12-month price target is $152.38, writes StockAnalysis. The financial data for 2023 is unavailable, because the company went public in September 2023.

TKO Group is also one of 11 most expensive stocks insiders are buying recently.