14 Most Expensive Stocks Insiders Are Buying In March

7. Freshpet, Inc. (NASDAQ:FRPT)

Market Capitalization: $4.22 billion

Freshpet manufactures and markets fresh meals and treats for dogs and cats in the United States, Canada, and Europe. Selling products under the Freshpet, Dognation, and Dog Joy brands, the company distributes through branded Freshpet Fridges, retail stores, and online. Founded in 2004, Freshpet is headquartered in Bedminster, New Jersey.

For the full year 2024, Freshpet disclosed net sales of $975.2 million, up 27.2% year-over-year. Net income amounted to $46.9 million, which compares to a net loss of $33.6 million in 2023. Adjusted EBITDA was $161.8 million, which compares to $66.6 million in the prior year. For the year ended December 31, 2024, net cash provided by operating activities was $154.3 million, compared to $75.9 million in the prior year.

This month, two insiders purchased a total of around $247,120 worth of Freshpet shares at an average price of $90.49. The stock now trades at $86.64 per share, down 41.50% year-to-date, and 24.40% over the past 12 months.

Based on 12 Wall Street analysts’ estimates, Freshpet stock is a “Strong Buy” with a price target of $148.55 per share, writes TipRanks. The average price target suggests a 71.46% upside from the latest price.