Software stocks have been crushed due to AI fears, and frankly, there is still very little insider buying going on. A few are starting to trickle in though.
Updated list of insiders buying the dip in software stocks (since Jan 1):
1. Andreessen Horowitz bought $16M of Navan $NAVN
2. Voss Capital bought $7M of PAR Technology $PAR (not really an insider, but a very good fund)
3. Former CEO at Vertex $VERX bought $5M (stock is down 70% in the last year and 34% in the last 3m)
4. Director at Microsoft $MSFT bought $2M (stock is down \~20%)
5. Four insiders bought $1.18M of Varonis Systems $VRNS (stock is down 60% in the last 6 months)
6. Director bought $500k of Roper Technologies $ROP (down 40% in the last 6 months)
7. Director at Klaviyo $KVYO bought $300k (stock is down 35% in the last 3 months)
8. Director bought $50k of Agilysys $AGYS (down 35% in the last 3 months)
\* I own MSFT and have recently started positions in Varonis (VRNS) and Vertex (VERX) with pretty tight stops in case the selling in software is not over.