The Dow Jones index closed lower by around 0.2% on Tuesday. 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 10,000 shares at an average price of $1.60. To acquire these shares, it cost around $16,000.

What's Happening: On Sept. 9, PodcastOne ( PODC ) named Steve Lehman Vice Chairman to Drive its mergers, acquisitions and strategy efforts.

What PodcastOne Does: PodcastOne Inc ( PODC ) 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.

P3 Health Partners

The Trade: P3 Health Partners Inc. ( PIII ) 10% owner CPF III-A PT SPV, LLC acquired a total of 90,000 shares at an average price of $2.52. To acquire these shares, it cost around $227,142.

What's Happening: On Aug. 7, P3 Health Partners ( PIII ) posted downbeat quarterly earnings.

What P3 Health Partners Does: P3 Health Partners Inc ( PIII ) is a patient-centered and physician-led population health management company.

Brightcove

The Trade: Brightcove Inc. ( BCOV ) 10% owner Jonathan Brolin acquired a total of 16,830 shares at an average price of $2.04. The insider spent around $34,355 to buy those shares.

What's Happening: On Aug. 7, Brightcove ( BCOV ) posted upbeat quarterly results.

What Brightcove Does: Brightcove Inc ( BCOV ) is a provider of cloud-based streaming technology and services.

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