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 gulfport energy corporation nasdaq gpor director silver point capital lp edward mule robert oshea acquired a total of 81251 shares at an average price of 7951 the insider spent 646054221 to acquire those shares what’s happening jp morgan last week upgraded gulfport energy from underweight to neutral what gulfport energy does gulfport energy is an independent exploration and development company the company operates through utica shale and scoop properties the trade marten transport ltd nasdaq mrtn director jerry bauer acquired a total of 15000 shares at an average price of 1507 to acquire these shares it cost 22605000 what’s happening marten transport last monthm named douglas p petit as its new president what marten transport does marten transport is a temperaturesensitive truckload carrier in the united states the trade energy transfer lp nyse et director richard brannon bought a total of 44000 shares at an average price of 918 to acquire these shares it cost 40388000 what’s happening energy transfer recently signed a 15year power purchase agreement with sb energy for 120 megawatts of electricity from its eiffel solar project in northeast texas what energy transfer does energy transfer owns a large platform of crude oil natural gas and natural gas liquid assets primarily in texas and the us midcontinent region