This article explores the 20 stocks insiders bought in April after Trump’s tariff rollout. Previously, we covered the 20 Small-Cap Stocks Insiders Were Buying in Q1 2025.
President Donald Trump called April 2 a “Liberation Day” after signing an executive order that imposed a minimum 10% tariff on all U.S. imports, with some exceptions. As a result, 57 countries will face higher tariffs ranging from 11% to 50%. While general tariffs took effect on April 5, the elevated rates are set to begin on April 9. These so-called ‘reciprocal tariffs’ triggered retaliation from trade partners and contributed to a decline in the stock market.” On Sunday, Trump said, “I don’t want anything to go down, but sometimes you have to take medicine to fix something,” as reported by CNBC.
The blue-chip companies closed the Monday market session 0.91% lower, while the broader market index closed 0.23% lower after briefly entering bear market territory during the session. The Nasdaq Composite closed 0.10% higher.
Amid these tariff wars and overwhelming market uncertainty, insider trading often comes to focus. Why? When executives buy stock, it can suggest confidence in the company’s future. On the other hand, insider sales don’t have to be a negative sign for the company, because they can reflect personal decisions or investment diversification. This means that insider trading should be considered alongside the company’s financial health and market conditions.
A business executive in a suit walking through a busy trading floor of a stock exchange.
Our Methodology
Today, we’re focusing on stocks that insiders have been buying in April. Using Insider Monkey’s insider trading screener, we identified companies where at least one insider acquired shares from April 2 to April 7. From this list, we ranked the top 20 stocks with the highest value of insider purchases.
Our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds, focusing on insider trading and stock picks from hedge fund investor newsletters and conferences. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
Let’s take a look at the 20 stocks insiders bought in April after Trump’s tariff rollout.
20. NIKE, Inc. (NYSE:NKE)
NIKE designs, develops, and markets athletic footwear, apparel, and equipment worldwide under various brand names, including NIKE, Converse, and Jumpman. The company also operates digital platforms and sells its products through retail stores, digital platforms, and independent distributors.
In April, one insider purchased around $502,756 worth of Nike shares at an average price of $58.46 per share. Currently, the stock trades at $54.95 per share, having dropped 27.38% year-to-date and 38.94% over the past 12 months.
For the third quarter of fiscal 2025, Nike reported revenues of $11.3 billion, down 9% on a reported basis compared to the prior year. Gross margin decreased 330 basis points to 41.5%.
According to StockAnalysis, 31 analysts rate Nike stock as a “Buy,” with a price target of $89.11 per share. The average price target suggests a potential upside of 62.40% from the latest price.
Nike is also one of the 11 blue chip stocks to invest in at 52-week lows.
19. Gran Tierra Energy Inc. (NYSEAMERICAN:GTE)
Gran Tierra Energy is engaged in the exploration and production of oil and gas properties in Colombia, Canada, and Ecuador. GTE operates across three major regions, with its production consisting of 80% liquids and 20% gas, totaling about 47,000 barrels of oil equivalent per day (Boepd). The company has reserves valued at $3.6 billion, offering significant growth opportunities and long-term production potential.
This month, one insider bought around $537,600 worth of Gran Tierra Energy shares at an average price of $4.80 per share. Currently, the stock trades at $3.81 per share, having declined 47.30% since the beginning of the year and 54.80% over the past 12 months.
For the full year 2024, Gran Tierra reported a net income of $3.2 million or $0.10 per share (basic and diluted), compared to a net loss of $6.3 million, or $(0.19) per share (basic and diluted) in 2023. Adjusted EBITDA was $366.8 million, down 8% from $399.4 million in 2023.
According to TipRanks, two analysts rate Gran Tierra Energy stock as a “Moderate Buy” with a price target of $7.05 per share. The average price target suggests an 85.04% upside from the latest price.
18. XOMA Royalty Corporation (NASDAQ:XOMA)
XOMA Royalty is a biotech royalty aggregator focused on early to mid-stage clinical assets and late-stage commercial ones. It holds economic rights to milestone and royalty payments from partnered therapeutic candidates. The company, headquartered in Emeryville, California, was formerly known as XOMA Corporation and changed its name in July 2024.
This month, one insider acquired approximately $760,145 worth of XOMA Royalty shares at an average price of $25.41 per share. Year-to-date, the stock is down 26.05%, trading at $19.43 per share. Over the past 12 months, the stock lost 23.00%.
XOMA Royalty reported total income and revenues of $8.7 million and $28.5 million for the fourth quarter and full year of 2024, respectively. In 2023, XOMA Royalty recorded total income and revenues of $1.8 million and $4.8 million for the fourth quarter and full year, respectively. The increase for the full year of 2024 was primarily driven by an increase in the company’s income from purchased receivables.
Based on three Wall Street analysts’ estimates, XOMA Royalty stock is a “Moderate Buy” with a price target of $79.50 per share, according to TipRanks. The average price target suggests a 299.50% upside from the latest price.
17. Salesforce, Inc. (NYSE:CRM)
Salesforce designs and develops cloud-based software for customer relationships. Headquartered in San Francisco, the company offers applications focused on customer service and support, market automation, analytics, sales force automation, and e-commerce, while also providing industry-specific solutions. It is also one of the 12 best enterprise software stocks to buy now.
In a recent development, Singapore Airlines incorporated Agentforce, Einstein in Service Cloud, and Data Cloud into its customer case management system, enabling it to deliver more consistent and personalized service to its customers.
In April, one insider acquired around $998,773 worth of Salesforce shares at an average price of $257.28 per share. Year-to-date, the stock is down 24.93%, trading at $250.99 per share. Over the past 12 months, the stock dropped 16.82%.
For the third quarter of fiscal 2024, the company reported revenue of $9.44 billion, up 8% year-over-year. More recently, the company’s board of directors declared a quarterly cash dividend of $0.42 per share, which represents a 4% increase over the previous quarter’s dividend.
Forty-two analysts rate Salesforce stock as a “Moderate Buy” with a price target of $361.42 per share, according to MarketBeat. The average price target suggests a potential upside of 44.35% from the latest price.
16. JELD-WEN Holding, Inc. (NYSE:JELD)
JELD-WEN Holding designs and manufactures doors, windows, and other building products across North America and Europe. The Charlotte, North Carolina-based company offers a range of products for both residential and commercial applications, selling under various brand names to distributors, retailers, and contractors.
In April, one insider acquired a total of $1.17 million worth of JELD-WEN shares at a price of $5.62 per share. The stock now trades at $5.45 having lost 33.46% year-to-date and 74.11% over the past 12 months.
For the full year 2024, JELD-WEN reported a 12.3% year-over-year drop in net revenues, driven by a 12% decline in core revenue due to lower volume and product mix, impacted by weak macroeconomic conditions and a shift in demand toward entry-level products. The company posted a net loss of $187.6 million, or ($2.21) per share, compared to a net income of $25.2 million, or $0.29 per share, in 2023. Adjusted EBITDA from continuing operations was $275.2 million, marking a $105.2 million decrease from $380.4 million in the previous year.
According to StockAnalysis, eight analysts rate JELD-WEN stock as “Hold,” with a price target of $9.06. The average price target suggests a 66.39% upside from the latest price.
15. Domo, Inc. (NASDAQ:DOMO)
Domo offers a cloud-based business intelligence platform that connects executives and employees to real-time data and insights across various devices. The American Fork, Utah-headquartered company operates in North America, Western Europe, Canada, Australia, and Japan.
In a recent development, Domo partnered with Human Capital Vue to enhance HR analytics using Domo’s data and AI platform. This collaboration helps HR teams integrate data from various systems, improving efficiency, security, and decision-making, while enabling real-time insights and faster organizational visibility.
In April, the company’s founder and CEO purchased $1.27 million worth of Domo shares at a price of $6.47 per share. Year-to-date, the stock is up 11.72%, trading at $7.91 per share. Over the past 12 months, Domo stock dropped 10.11%.
Based on six Wall Street analysts’ estimates, Domo stock is a “Moderate Buy” with a price target of $10.25 per share. The average price target suggests a 28.93% upside from the latest price.
14. APA Corporation (NASDAQ:APA)
APA Corporation is an independent energy company that explores, develops, and produces natural gas, oil, and natural gas liquids. The Houston, Texas-based company operates in the U.S., Egypt, and the North Sea, with additional activities in Suriname, Uruguay, and other international regions. It is also one of the 7 best cheap energy stocks to invest in now.
This month, one insider acquired $1.27 million worth of APA shares at an average price of $18.25 per share. Currently, the stock trades at $14.43 having dropped 37.51% year-to-date and 58.82% over the past 12 months.
In a recent development, APA and its partners, Lagniappe Alaska and Santos Limited, announced successful results from the Sockeye-2 exploratory well, which encountered a high-quality oil reservoir with 25 feet of net oil pay. The well confirmed the accuracy of geologic models and opened the potential for additional prospects in the area. Further data collection, including core and flow testing, is underway, with additional updates to follow.
According to StockAnalysis, 19 analysts rate APA stock as a “Hold” with a stock price target of $27.78. The average price target suggests a potential upside of 92.18% from the latest price.
13. NexPoint Diversified Real Estate Trust (NYSE:NXDT)
NexPoint Diversified is a diversified real estate investment trust. Its main goal is to generate current income and capital appreciation by investing in various commercial real estate properties, including industrial, hospitality, retail, and more. It also invests in mortgage debt, mezzanine debt, and equity, with a focus on both real estate and, to a limited extent, non-real estate securities.
In April, three insiders purchased $1.60 million worth of NexPoint shares at an average price of $3.57 per share. Year-to-date, the stock is down 32.87%, trading at $4.10. Over the past 12 months, the stock lost 34.06%.
Analyst coverage on NexPoint stock is currently limited.
12. Sonos, Inc. (NASDAQ:SONO)
Sonos designs, manufactures, and sells audio products, such as wireless speakers and headphones, globally, offering them through stores, websites, and online retailers. Known for its intuitive interface and outstanding sound quality, it is a favorite among music lovers and home entertainment enthusiasts. It is also one of the 11 best consumer electronics stocks to invest in now.
This month, one insider purchased $1.87 million worth of Sonos shares at an average price of $8.78 per share. Year-to-date, the stock is down 43.25%, trading at $8.54 per share. Over the past 12 months, the stock dropped 52.87%.
Four Wall Street analysts rate Sonos stock as a “Hold” with a price target of $14.00, according to TipRanks. The average price target suggests a 64.42% upside from the latest price.
11. PBF Energy Inc. (NYSE:PBF)
PBF Energy refines and supplies petroleum products like gasoline, diesel, jet fuel, and lubricants through its Refining and Logistics segments. The Parsippany, New Jersey-based company operates across the U.S. and internationally, offering transportation and storage services as well. It is also one of the 12 best oil refinery stocks to invest in according to analysts.
This month, one insider acquired approximately $2.27 million worth of PBF Energy shares at an average price of $16.61 per share. The stock is now trading at $14.48 per share, having lost 45.46% year-to-date and 75.94% over the past 12 months.
For the fourth quarter of 2024, PBF Energy disclosed a net loss of $292.6 million, compared to a net loss of $48.4 million for the fourth quarter of 2023.
According to StockAnalysis, 13 analysts rate PBF Energy stock as “Hold,” with a price target of $26.42. The average price target suggests an 82.65% upside from the latest price.
10. Victoria’s Secret & Co. (NYSE:VSCO)
Victoria’s Secret & Co. is a retailer focused on women’s intimates, apparel, and beauty products, operating under the Victoria’s Secret, Victoria’s Secret PINK, and Adore Me brands. Its offerings include sleepwear, loungewear, swimwear, athleisure, lingerie, fragrances, and body care items. Headquartered in Reynoldsburg, Ohio, the company is also recognized as one of the top apparel stocks to invest in.
This month, one investor acquired $3.43 million worth of Victoria’s Secret shares at an average price of $16.15 per share. Currently, the stock trades at $17.82 per share, having dropped 56.99% year-to-date and 9.98% over the past 12 months.
For fiscal 2024, the company reported net sales of $6.23 billion, a 1% increase from $6.18 billion in fiscal 2023. Net income reached $165 million, or $2.05 per diluted share, compared to $109 million, or $1.39 per diluted share in 2023. Victoria’s Secret is forecasting first-quarter 2025 net sales to range between $1.30 billion and $1.33 billion, down slightly from $1.36 billion in the same period last year. With these sales, adjusted operating income for the first quarter is expected to be between $10 million and $30 million.
The consensus rating on Victoria’s Secret stock from 11 analysts is “Hold” with a price target of $28.50 per share, reports TipRanks. The average price target suggests a 60.02% upside from the latest price.
9. Zymeworks Inc. (NASDAQ:ZYME)
Zymeworks is a clinical-stage biopharmaceutical company that develops cancer treatments, with its lead candidates including zanidatamab, a HER2-targeted therapy in Phases 1-3 of clinical trials, and zanidatamab zovodotin, a Phase 2 antibody-drug conjugate. The company, based in Middletown, Delaware, is also exploring preclinical oncology programs and collaborating with major partners like BeiGene, Celgene, GlaxoSmithKline, and Merck Sharp & Dohme.
In April, one insider bought $3.62 million worth of Zymeworks shares at an average price of $11.51 per share. Year-to-date, the stock is down 27.94% trading at $10.55 per share. Over the past 12 months, Zymeworks returned 9.67%.
For the full year 2024, Zymeworks reported revenue of $76.3 million, slightly up from $76.0 million in 2023. The revenue included $25.0 million in milestone payments from Jazz related to the FDA approval of Ziihera for HER2+ BTC treatment. The company incurred $134.6 million in research and development expenses, down from $143.6 million in 2023, and posted a net loss of $122.7 million, compared to a $118.7 million loss the previous year. As of December 31, Zymeworks held $324.2 million in cash, cash equivalents, and marketable securities.
According to MarketBeat, eight analysts rate Zymeworks stock as a “Moderate Buy” with a price target of $21.00. The average price target suggests an upside of 98.58% from the latest price.
8. Sinclair, Inc. (NASDAQ:SBGI)
Sinclair is a media company that provides content through local television stations and digital platforms across the U.S. It operates two segments: Local Media, which includes broadcast stations, networks, and original programming, and Tennis, which offers the Tennis Channel and streaming services related to tennis and pickleball. The Hunt Valley, Maryland-headquartered company also provides digital solutions and technical sales for broadcast systems.
This month, one insider purchased around $3.72 million worth of Sinclair shares at an average price of $14.03 per share. Year-to-date, the stock is down 12.79% trading at $14.08 per share. Over the past 12 months, Sinclair shares gained 12.87%.
In a recent development, Sinclair has become the first broadcast company authorized by the FAA to fly drones over people and moving vehicles for newsgathering without needing a waiver. This milestone in drone journalism allows Sinclair to operate specially modified drones under FAA rules.
Based on five analysts’ estimates Sinclair stock is a “Buy” with a price target of $19.3 per share, reports StockAnalysis. The average price target suggests a potential upside of 37.17% from the latest price.
Sinclair is also one of the 12 best broadcasting stocks to buy right now.
7. Owens & Minor, Inc. (NYSE:OMI)
Owens & Minor is a healthcare solutions company that provides medical products and services to healthcare providers worldwide. It operates in two segments: Products & Healthcare Services, offering medical supplies and services, and Patient Direct, delivering in-home care products for conditions like diabetes and sleep apnea.
In April, one insider acquired approximately $4.29 million worth of Owens & Minor shares at an average price of $8.17 per share. The stock now trades at $8.13 having lost 37.80% year-to-date, and 70.13% over the past 12 months.
For the full year 2024, Owens & Minor reported revenue of $10.70 billion, compared to revenue of $10.33 billion in 2023. Net loss was $363 million, compared to net loss of $41 million in the prior year. Adjusted EBITDA was a gain of $523 million, compared to adjusted EBITDA of $526 million in 2023.
According to TipRanks, five Wall Street analysts rate Owens & Minor stock as a “Hold” with a price target of $10.72 per share. The average price target suggests a 31.86% upside from the latest price.
6. Applied Materials, Inc. (NASDAQ:AMAT)
Applied Materials ranks sixth among the 20 stocks insiders bought in April following Trump’s tariff rollout. It supplies manufacturing equipment, software, and services for the semiconductor and display industries. The Santa Clara, California-headquartered company operates in three segments: Semiconductor Systems, Applied Global Services, and Display, providing products for semiconductor fabrication, display technologies, and equipment optimization.
In April, the company’s president and CEO purchased a total of $6.87 million worth of Applied Materials shares at an average price of $137.50 per share. Currently, the stock trades at $132.85 per share, having lost 18.31% year-to-date and 36.45% over the past 12 months.
For the first quarter of fiscal 2025, the company reported net revenue of $7.17 billion, which compares to revenue of $6.71 billion in the same quarter of fiscal 2024. Gross margin was 48.8%, compared to 47.8% in the comparable period of last year. Net income amounted to $1.19 billion, compared to $2.02 billion in the first quarter of fiscal 2024.
Applied Materials is also one of the 10 best high-risk stocks to buy according to billionaires.
Twenty-one analysts rate Applied Materials stock as a “Buy” with a price target of $214.67, reports StockAnalysis. The average price target suggests a 54.26% potential upside from the latest price.
5. CVR Energy, Inc. (NYSE:CVI)
CVR Energy is a diversified holding company with a primary focus on renewable fuels, petroleum refining, marketing, and nitrogen fertilizer production through its subsidiary, CVR Partners, LP. The company is also a key stock pick for billionaire hedge fund manager Carl Icahn.
This month, billionaire Carl Icahn increased his stake in CVR Energy by buying $9.47 million worth of CVR Energy shares at an average price of $16.93 per share. The stock now trades at $16.35, having lost 12.75% since the beginning of the year. Over the past 12 months, the stock lost 54.98%.
For 2024, CVR Energy reported revenue of $7.61 billion, a 17.7% decline from $9.25 billion in 2023. Net income for shareholders was $7 million, or 6 cents per diluted share, down from $769 million, or $7.65 per share, in the prior year. The adjusted loss was 51 cents per diluted share, compared to adjusted earnings of $5.64 per share in 2023.
According to MarketBeat, five analysts rate CVR Energy stock as a “Moderate Sell” with a price target of $21.25 per share. The average price target suggests a 29.97% upside from the latest price.
4. Asana, Inc. (NYSE:ASAN)
Asana operates a global work management platform that helps individuals and organizations manage tasks, projects, and strategic initiatives. The San Francisco, California-based company serves various industries, including technology, healthcare, and retail, using a hybrid approach combining product-led models, direct sales, and channel partners. It is also one of the 12 best enterprise software stocks to buy now.
In April, the company’s president and CEO acquired a total of $9.55 million worth of Asana shares, with an average price of $14.31 per share. Currently, the stock trades at $13.78 per share, having lost 32.02% since the beginning of the year, and 7.58% over the past 12 months.
For fiscal year 2025, Asana reported revenues of $723.9 million, an increase of 11% year-over-year. Net loss amounted to $255.5 million, which compares to net loss of $257.0 million in fiscal 2024. Operating loss amounted to $266.7 million or 37% of revenues, which compares to operating loss of $270.0 million, or 41% of revenues in the prior year. Free cash flow was $2.6 million, compared to negative $31.1 million in fiscal 2024.
According to StockAnalysis, 18 analysts rate ASAN stock as a “Hold” with a stock price target of $16.18. The average price target suggests an upside of 17.42% from the latest price.
3. GameStop Corp. (NYSE:GME)
GameStop is a specialty retailer that sells gaming products, accessories, collectibles, and digital content through stores and e-commerce platforms in multiple countries. The Grapevine, Texas-headquartered company operates under the GameStop, EB Games, Micromania, and Zing Pop Culture brands.
In April, two insiders, including the president and CEO, purchased a total of $10.88 million worth of GameStop shares at an average price of $21.55 per share. Currently, the stock trades at $24.29 per share, having declined 22.50% year-to-date. However, over the past 12 months, GameStop returned 124.28% to its investors.
For fiscal year 2024, GameStop disclosed net sales of $3.823 billion, compared to $5.273 billion for fiscal year 2023. SG&A expenses were $1.130 billion, which compares to $1.324 billion for the prior year. Net income amounted to $131.3 million, versus a net income of $6.7 million in fiscal year 2023. Adjusted EBITDA was $36.1 million for fiscal year 2024, compared to adjusted EBITDA of $64.7 million in the prior year.
According to MarketBeat, one analyst rates GameStop stock as “Sell” with a price target of $11.50 per share. The price target indicates a 52.51% downside from the latest price.
2. STAAR Surgical Company (NASDAQ:STAA)
STAAR Surgical designs, develops, and manufactures implantable lenses and delivery systems for treating visual disorders like myopia, hyperopia, astigmatism, and presbyopia. The Lake Forest, California-based company sells its products to healthcare providers globally, including ophthalmic surgeons, hospitals, and vision centers, with direct sales in several countries.
This month, one insider purchased $13.63 million worth of STAAR Surgical shares at an average price of $16.18 per share. Year-to-date, the stock is down 33.55%, trading at $16.14 per share. Over the past 12 months, STAAR Surgical shares dropped 67.39%.
For fiscal year 2024, the company reported net sales of $313.9 million, compared to $322.4 million in the prior year. The decrease in net sales was driven largely by the significant decline in China revenue in the fourth quarter of 2024. Net loss was $20.2 million, which compares to net income of $21.3 million in 2023. Adjusted EBITDA amounted to $23.2 million, or $0.47 per share, compared to $56.8 million, or $1.15 per share a year ago.
According to 10 analysts’ estimates, STAAR Surgical stock is a “Hold” with a price target of $25.29. The average price target suggests a 56.66% potential upside from the latest price.
1. Edgewise Therapeutics, Inc. (NASDAQ:EWTX)
Edgewise Therapeutics ranks first among 20 stocks insiders bought in April after Trump’s tariff announcement. It is a clinical-stage biotech company focused on developing therapies for rare muscular disorders. Its lead drug, EDG-5506, aims to prevent muscle damage in patients with Duchenne and Becker muscular dystrophy. The Boulder, Colorado-based company also develops EDG-7500 for hypertrophic cardiomyopathy and maintains a strong financial position with $470 million in cash as of Q4 2024.
On April 2, the company announced positive top-line data from its Phase 2 CIRRUS-HCM trial of EDG-7500 in patients with obstructive and nonobstructive hypertrophic cardiomyopathy (HCM). The trial showed that EDG-7500 effectively reduced the left ventricular outflow tract gradient without affecting systolic function. The treatment was tested in both obstructive and nonobstructive HCM participants, demonstrating promising safety and efficacy results.
In April, two insiders acquired around $20 million worth of Edgewise Therapeutics shares at an average price of $20.13 per share. Currently, the stock trades at $11.83 per share, having dropped 55.69% year-to-date and 29.92% over the past 12 months. The purchases were part of the company’s underwritten offering of 9.94 million shares.
Nine Wall Street analysts rate Edgewise Therapeutics as a “Strong Buy” with a price target of $43 per share, according to TipRanks. The average price target suggests a 263.48% upside from the latest price.
Overall, EWTX ranks first among the 20 stocks insiders bought in April after Trump’s tariff rollout. While we acknowledge the potential of EWTX, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than EWTX but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
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