when insiders purchase shares it indicates their confidence in the companys prospects or that they view the stock as a bargain either way this signals an opportunity to go long on the stock insider purchases should not be taken as the only indicator for making an investment or trading decision at best it can lend conviction to a buying decision below is a look at a few recent notable insider purchases for more check out benzingas insider transactions platform the trade gms inc nyse gms 10 owner coliseum capital management llc coliseum capital llc coliseum capital partners lp coliseum capital coinvest iii lp adam gray christopher shackelton acquired a total of 238813 shares at an average price of 5040 the insider spent 1203598763 to acquire those shares what’s happening gms recently reported firstquarter fy22 net sales growth of 298 yearoveryear to 104 billion 232 on an organic basis what gms does gms is a distributor of specialty building products including wallboard suspended ceilings systems or ceilings steel framing and other complementary building products the trade krispy kreme inc nasdaq dnut 10 owner jab holdings bv bv indulgence jab rl sa investments jab jab holding co sa rl bv benckiser joh se agnaten se lucresca acquired a total of 466713 shares at an average price of 1638 to acquire these shares it cost 764625410 what’s happening krispy kreme recently launched the brands first location in egypt with its franchise partner americana group what krispy kreme does krispy kreme is a sweet treat brand it is an omnichannel business operating through a network of doughnut shops partnerships with leading retailers and a growing ecommerce and delivery business the trade oscar health inc nyse oscr cofounder and vice chairman joshua kushner bought a total of 485486 shares at an average price of 1807 the insider spent 877052301 to acquire those shares what oscar health does oscar health is a health insurance company the company provides various insurance plans for individuals family and employees the trade petco health and wellness company inc nasdaq woof ceo and chairman ron coughlin acquired a total of 46600 shares at an average price of 2172 to acquire these shares it cost 101215200 what’s happening the company last month reported upbeat quarterly results what petco health and wellness does petco health and wellness co offer pet care products such as puppy food treats nutrition and supplies through retail outlets and online platforms