Over $1 million bet on this healthcare stock? Check out these 3 stocks that insiders are buying – KalVista Pharma (NASDAQ:KALV), FB Financial (NYSE:FBK)

Although US stocks closed higher on Monday, there were some notable insider trades.

When insiders buy shares, it indicates that they have confidence in the company’s prospects or that they view the stock as a bargain. In any case, this signals an opportunity to go long the stock. Domestic purchases should not be considered the only indicator for making an investment or trading decision. At best, it can lend conviction to a purchasing decision.

Below is a look at some notable recent insider purchases. For more information, check it out Benzinga’s insider transactions platform.

KalVista Pharmaceuticals

• The Commerce: KalVista Pharmaceuticals, Inc. VEAL 10% owner Nimish Shah purchased a total of 91,804 shares an average price of $14.05. The acquisition of these shares cost approximately $1.29 million.
• What is going on: KalVista Pharma last month announced the publication of initial data on oral factor XIIa in Frontiers in Pharmacology.
• What KalVista Pharmaceuticals does: KalVista Pharmaceuticals Inc is a pharmaceutical company specializing in the discovery, development and commercialization of small molecule protease inhibitors for a variety of diseases.

Direct Loan by Nuveen Churchill

• The Commerce: Nuveen Churchill Direct Lending Corp. NCDL The 10% owner America of Association Annuity Insurance Teachers acquired a total of 1,662,050 shares at an average price of $18.05. It cost about $30 million to acquire these shares.
• What is going on: The company recently priced its IPO at $18.05 per share.
• What Nuveen Churchill Direct Loan does: Nuveen Churchill Direct Lending Corp is a specialty finance company primarily focused on investing in senior secured loans to private equity-owned U.S. middle market companies.

Don’t forget to check out our pre-market coverage here

FB Financial

• The Commerce: FB finance company FBK Director Raja Jubran purchased a total of 14,808 shares at an average price of $26.97. To acquire these shares, the cost was approximately $399,416.
• What is going on: Hovde Group analyst Brett Rabatin recently downgraded FB Financial from Outperform to Market Perform and announced a $40 price target.
• What FB Financial does: FB Financial Corp is a bank holding company. The Company, through its wholly owned banking subsidiary, provides commercial and consumer banking services to customers in select markets in Tennessee, North Alabama and North Georgia.

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