Insiders Are Spending Big: 15 Stocks Leading in March

1. Tenaya Therapeutics, Inc. (NASDAQ:TNYA)

Total Value of Insider Purchases in March: $49.99 million

Market Capitalization: $113.45 million

First among the 15 stocks insiders have been spending money on in March, is a biotech Tenaya Therapeutics. The South San Francisco, California-based company, discovers, develops, and delivers therapies for heart disease in the United States.

For the full year 2024, Tenaya Therapeutics disclosed a net loss of $111.1 million, or $1.31 per share, compared to $124.08 million in 2023. Research and development expenses amounted to $86.7 million, compared to $98.0 million in the prior year.

As of December 31, 2024, cash, cash equivalents and investments in marketable securities were $61.4 million, compared to $104.6 million as of December 31, 2023. With the additional estimated net proceeds of $48.9 million from the March 2025 public offering, the company expects that its current funds are sufficient to support planned company operations into mid-2026.

In March, two insiders purchased a total of close to $50 million worth of Tenaya Therapeutics shares at an average price of $0.70 per share. Currently, the stock trades at $0.70, having declined 51.20% year-to-date, and 85.76% over the past 12 months.

According to StockAnalysis, six analysts rate Tenaya Therapeutics stock as a “Strong Buy,” with a 12-month price forecast of $8.60—an increase of 1,132.09% from its current price.

Overall, TNYA ranks first among the 15 stocks insiders are spending the most money on in March. While we acknowledge the potential of TNYA, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than TNYA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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