The Dow Jones index closed higher by 0.25% on Wednesday. When insiders purchase or sell shares, it indicates their confidence or concern around the company’s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.

Below is a look at a few recent notable insider transactions for penny stocks. For more, check out Benzinga’s insider transactions platform.

PodcastOne

The Trade: PodcastOne, Inc. ( PODC ) Director D Jonathan Merriman bought a total of 48,839 shares at an average price of $1.93. To acquire these shares, it cost around $93,641.

What's Happening: On May 30, PodcastOne ( PODC ) raised its FY25 revenue guidance.

What PodcastOne Does: PodcastOne Inc ( PODC ) formerly CourtSide Group Inc is a podcast platform and publisher that makes its content available to audiences via all podcasting distribution platforms, including its website, its PodcastOne ( PODC ) app, Apple Podcasts, Spotify, Amazon Music, and more.

BARK

The Trade: BARK, Inc. ( BARK ) Executive Chairman Matt Meeker acquired a total of 38,461 shares at an average price of $1.39. To acquire these shares, it cost around $53,530.

What's Happening: On June 3, BARK reported worse-than-expected fourth-quarter financial results and issued FY25 revenue guidance below estimates.

What BARK Does: BARK Inc ( BARK ) is a dog-centric company, devoted to making dogs happy with the products, services, and content.

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Fathom Holdings

The Trade: Fathom Holdings Inc. ( FTHM ) Director Scott N Flanders acquired a total of 12,648 shares at an average price of $1.74. The insider spent around $22,049 to buy those shares.

What's Happening: On May 28, Fathom Holdings ( FTHM ) named Jon Gwin as its new COO.

What Fathom Holdings Does: Fathom Holdings Inc ( FTHM ) is a national, technology-driven, real estate services platform integrating residential brokerage, mortgage, title, insurance, and Software as a Service offering to brokerages and agents by leveraging proprietary cloud-based software, intelliAgent.

Sypris Solutions

The Trade: Sypris Solutions, Inc. ( SYPR ) Director Gary L Convis acquired a total of 1,274 shares at an average price of $1.58. The insider spent around $2,013 to buy those shares.

What's Happening: On June 3, Sypris named Michael D. Sedgwick as Vice President and General Manager of Sypris Electronics, LLC.

What Sypris Solutions Does: Sypris Solutions Inc ( SYPR ) is a USA-based company engaged in providing truck components, oil and gas pipeline components, and aerospace and defense electronics.

Marchex

The Trade: Marchex, Inc. ( MCHX ) CEO Edwin A Miller acquired a total of 200,000 shares at an average price of $1.36. The insider spent $272,000 to buy those shares.

What's Happening: On May 7, Marchex ( MCHX ) posted downbeat quarterly sales.

What Marchex Does: Marchex Inc ( MCHX ) is a conversational analytics and solutions company that helps businesses connect, drive, measure, convert callers into customers, and connect the voice of the customer to their business.

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