5 Mid-Cap Stocks with Insider Purchases

3. Instacart (NASDAQ:CART)

Number of Hedge Fund Investors: 38

Instacart (NASDAQ:CART) is one of the top mid-cap stocks to have seen insider buying activity recently. Ravi Gupta, a director and 10% owner at Instacart (NASDAQ:CART), bought 137,472 shares of the ecommerce company on February 23 at $29.93 per share. Since then the stock has jumped 9.9%.

Insider Monkey’s database of 933 hedge funds shows that 38 hedge funds tracked by Insider Monkey had stakes in Instacart (NASDAQ:CART) as of the end of the fourth quarter of 2023.