|Chipotle Stock Certificate|
Patterson-UTI Energy (PTEN) is an onshore contract drilling company. Recently, two of the officers bought almost $2 million in shares each, and the third insider bought almost $4 million worth of the stock. The stock trades at 20 times earnings, and pays a dividend of 2.1%. The company announced earnings today announced earnings of 6 cents a share for the first quarter, beeating analysts' estimates of 3 cents a share.
Chipotle Mexican Grill (CMG) had some recent inside buying also. One officer bought over $260,000 in stock, and the other officer bought over $370,000 in stock. The stock trades at 45 times trailing earnings, and 31 times forward earnings. The company recently reported adjusted earnings per share of $3.88, a huge increase of 47%.
Cidara Therapeutics (CDTX) a biopharmaceutical company, had a couple of large insider purchases. A director bought approximately $3.2 million of the shares and a 10% owner bought a similar amount.
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