5 Healthcare Stocks with Insider Buying

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1. Akero Therapeutics, Inc. (NASDAQ:AKRO)

Number of Hedge Fund Holders: 31

Akero Therapeutics, Inc. (NASDAQ:AKRO) ranks 1st in our list of the healthcare stocks with heavy insider buying activity in 2023. Akero Therapeutics, Inc. (NASDAQ:AKRO) is a cardio-metabolic company developing transformational treatments for non-alcoholic steatohepatitis (NASH).

Graham Walmsley, a director at Akero Therapeutics, Inc. (NASDAQ:AKRO), has been amassing Akero shares in 2023. In May, the director bought 520,000 shares of Akero Therapeutics, Inc. (NASDAQ:AKRO) at $29.69 per share. On August 9 Akero Therapeutics, Inc. (NASDAQ:AKRO) was trading at around $42.97. This way, since the insider buying transaction, Akero Therapeutics, Inc. (NASDAQ:AKRO) has gained about 44%.

As of the end of the first quarter of 2023, 31 hedge funds in Insider Monkey’s database had reported owning stakes in Akero Therapeutics, Inc. (NASDAQ:AKRO). The biggest stakeholder of Akero Therapeutics, Inc. (NASDAQ:AKRO) during this period was Panayotis Takis Sparaggis’s Alkeon Capital Management which owns a $123.2 million stake in the company.

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