U.S. stocks didn’t finish strong on Friday. However, amidst the downturn, there were intriguing insider trades that caught the attention of shrewd investors.

Insider buying is often seen as a vote of confidence in a company’s future prospects or a sign that the stock is undervalued. While it’s not the sole factor for making investment decisions, it can fortify one’s conviction in their choices.

Let’s delve into a few recent noteworthy insider purchases. For a more comprehensive list, turn to Benzinga’s insider transactions platform.

Hawthorn Bancshares

• The Inside Scoop: Hawthorn Bancshares, Inc. (HWBK) saw Director Douglas Todd Eden scoop up 7,000 shares at an average price of $22.32, amounting to approximately $156,240.
• Company Update: Hawthorn Bancshares reported a loss for its fourth quarter.
• What’s Under the Hood: Hawthorn Bancshares Inc operates as a financial holding company, offering a range of banking and trust services to its customers.

Alteryx

• The Inside Scoop: Alteryx, Inc. (AYX) witnessed Director Dean Stoecker procure 42,500 shares at an average price of $47.90, representing an investment of around $2.04 million.
• Company Update: Alteryx announced an expanded partnership and product integrations with the Databricks Data Intelligence Platform.
• What Alteryx Does: Alteryx Inc provides self-service data analytics software.

Larimar Therapeutics

• The Inside Scoop: Larimar Therapeutics, Inc. (LRMR) had 10% owner Deerfield Partners, L.P. acquire a whopping 4,290,617 shares at an average price of $8.74, totaling approximately $37.5 million.
• Company Update: Larimar Therapeutics announced the closing of an underwritten public offering of common stock and the full exercise of the underwriters’ option to purchase additional shares.
• What Larimar Therapeutics Does: Larimar Therapeutics Inc is a clinical-stage biotechnology company focused on developing treatments for patients suffering from complex rare diseases using a novel cell-penetrating peptide technology platform.

Agree Realty

• The Inside Scoop: Agree Realty Corporation (ADC) saw President and CEO Joey Agree acquire 2,000 shares at an average price of $57.56, amounting to approximately $115,120.
• Company Update: Agree Realty outperformed sales expectations for its fourth quarter.
• What Agree Realty Does: Agree Realty Corporation mainly focuses on the ownership, acquisition, development, and management of retail properties net leased to industry-leading tenants.