We recently published a list of 10 Stocks Insiders Spent The Most Money On Recently. In this article, we are going to take a look at where Verde Clean Fuels (NASDAQ:VGAS) stands against other stocks insiders spent the most money on recently.
As the broader market continues to rise this year, we thought it would be interesting to highlight some stocks that have seen significant insider buying recently. Insiders—such as executives and directors—often have valuable insights into a company’s strategy, plans, and future initiatives. For instance, when a CEO or CFO invests their own money to purchase company shares, it can be seen as a strong vote of confidence in the company’s prospects. When an insider makes a substantial financial commitment, it often signals an even higher level of confidence in the company’s future performance.
Why should we be interested in insider trading activity? While both insider selling and buying can be driven by various motives, it is important to consider these moves within the broader context of the company’s fundamentals, industry trends, and overall market conditions. That’s why due diligence before any investment is of the utmost importance. However, insider trading activity in combination with other relevant determinants can offer valuable insights into a company’s capabilities, helping investors make more informed investment decisions.
What are some of the stocks that have seen the most insider investment recently? To find out, we used Insider Monkey’s insider trading stock screener, focusing only on stocks where each individual insider purchase was valued at $2 million or more. This means the total value of insider purchases over the same period (last 60 days) could be higher, but only larger purchases were considered in the search.
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With each stock, we note the value of acquired shares, which refers to the value of shares acquired through individual insider purchases worth at least $2 million each.
An energy-efficient home connected to a large power grid system.
Verde Clean Fuels, Inc. (NASDAQ:VGAS)
Value Of Shares Acquired: $50,000,000.00
Market Cap: $173.743 million
Verde Clean Fuels is a renewable gasoline technology company developing projects in North America. The company is focused on the deployment of its innovative and proprietary liquid fuels processing technology via the development of commercial production plants. Verde’s syngas-to-gasoline plus process converts syngas, derived from diverse feedstocks into fully finished liquid fuels that require no additional refining.
On January 29, one insider – Cottonmouth Ventures, LLC, a wholly-owned subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG), acquired a total of $50 million worth of Verde Clean Fuels shares at a price of $4 per share. With this purchase of 12.5 million shares, Cottonmouth Ventures increased its holdings to 14.5 million shares.
The stock is currently trading at $3.92 per share, having declined 3.69% year-to-date. Over the past 12 months, Verde Clean Fuels shares dropped 25.76%.
For the three months ended September 30, 2024, the company disclosed a net loss of $2.5 million, which compares to a net loss of $2.6 million in the same period of 2023. The company’s net loss for the quarter was primarily attributable to ongoing and general and administrative expenses.
Overall, VGAS ranks 10th on our list of stocks insiders spent the most money on recently. While we acknowledge the potential of VGAS 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 VGAS but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap
Disclosure: None. This article is originally published at Insider Monkey.
