10 Stocks With At Least $30 Million In Insider Spending Recently

6. Green Brick Partners, Inc. (NYSE:GRBK)

Highest Individual Purchase: $70,346,993.08

Number of Purchases Above $30 million: 1

Market Capitalization: $2.64 billion

Green Brick Partners is a homebuilding and land development company, and one of 10 stocks with at least $30 million in insider spending recently. The Plano, Texas-based company operates in three sectors: builder operations central, builder operations southeast, and land development. It is also one of the 10 best stocks to buy according to billionaire David Einhorn.

On October 11, one insider bought $70.35 million worth of Green Brick shares at a price of $69.16 per share. Currently, the stock is trading at $59.23, having gained 4.85% since the beginning of the year.

For the full year of 2024, Green Brick disclosed total revenues of $2.1 billion, compared to $1.78 billion in 2023. Net income amounted to $417.16 million, which compares to $306.68 million in the previous year. The company also achieved a record full-year homebuilding gross margin of 33.8%, up by 290 bps year-over-year.

According to three analysts, an average rating on Green Brick stock is “Hold” with a price target of $74, writes StockAnalysis. The average price target represents an upside of 24.73% from the current price.

Over the past 12 months, the stock returned 14.50% to its investors.