Don’t miss

Fine wine is a sweet comfort in any situation — and now it can make your investment portfolio a little more comfortable, too. Now a platform called Vinovest helps everyday buyers invest in fine wines — no sommelier certification required.

Invest Now

Occidental Petroleum

Energy stocks have outperformed nearly every other asset on the market this year. However, the sector has lost momentum in recent weeks. Crude oil lost over 20% of its value, dipping energy stocks into an official bear market.

Insiders at Occidental Petroleum (OXY) see this dip as an opportunity. Of the 22 total insider trades over the past three months, 16 were insider purchases. On net, insiders purchased more than 17 million shares of the company during this quarter.

Senior directors Christopher Champion and Vicky Bailey were net buyers during this quarter. But the biggest transactions came from key shareholder Berkshire Hathaway (BRK). Warren Buffett has been aggressively accumulating this position since the start of the year.

The fact that insiders and the world’s most successful investor are buying this stock at the same time is a clear indication of underlying value.

Fiserv

Insiders have been aggressively buying shares of financial technology company Fiserv (FISV). The stock has been beaten down along with the rest of the FinTech sector. However, it has outperformed its peers. It’s down just 17% year to date, compared to the Nasdaq’s 30% plunge over the same period.

Now, insiders see more room for growth ahead. Over the past three months, insiders completed 14 purchase transactions for a net of 1.63 million shares. Senior directors Guy Chiarello and Doyle Simons were net buyers, but the biggest transactions were executed by investment company Valueact Holdings, L.P.

Fine wine is a sweet comfort in any situation — and now it can make your investment portfolio a little more comfortable, too. Now a platform called Vinovest helps everyday buyers invest in fine wines — no sommelier certification required.

Invest Now

Gitlab

Software platform Gitlab (GTLB) has lost 60% of its value since November last year. It’s been caught in the ongoing tech bear market. However, the company’s software package could see robust demand as corporations try to automate processes and improve efficiency during a downturn.

This is why the management team expects topline growth of 58% this year. Meanwhile, gross margins are as high as 90%. Put simply, the company is in a strong position to sustain its growth strategy despite the economic headwinds ahead.

GitLab’s management team is certainly confident about its prospects. They’ve been aggressively buying shares of the company. Insiders purchased 18 million shares across 15 transactions in the past three months. C-suite executives like Michael Mcbride, Robin Schulman, and Dale Brown were buying during this quarter.

Seed investor Khosla Ventures Seed C, L.P also raised its stake in the company. The venture capitalist team now owns more than 10% of GitLab’s outstanding shares.

What to read next

Get a piece of commercial real estate

Enhance your portfolio with high-return commercial real estate

First National Realty Partners is the #1 option for accredited investors seeking superior risk-adjusted returns in the grocery-anchored necessity-based retail space.

While commercial real estate has always been reserved for a few elite investors, outperforming the S&P 500 over a 25-year period, First National Realty Partners allows you to access institutional-quality commercial real estate investments — without the leg work of finding deals yourself.

Invest with First National Realty Partners now.

About the Author

Vishesh Raisinghani

Vishesh Raisinghani

Freelancer

Vishesh Raisinghani is a freelance contributor at MoneyWise. He has been writing about financial markets and economics since 2014 - having covered family offices, private equity, real estate, cryptocurrencies, and tech stocks over that period. His work has appeared in Seeking Alpha, Motley Fool Canada, Motley Fool UK, Mergers & Acquisitions, National Post, Financial Post, and Yahoo Canada.

What to Read Next

Disclaimer

The content provided on MoneyWise is information to help users become financially literate. It is neither tax nor legal advice, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. We make no representation or warranty of any kind, either express or implied, with respect to the data provided, the timeliness thereof, the results to be obtained by the use thereof or any other matter.