although the dow jones dropped by over 200 points on thursday there were a few notable insider trades 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 coinbase global inc director frederick ernest ehrsam iii acquired a total of 385260 shares at at an average price of 6493 to acquire these shares it cost around 2501 million   what coinbase does founded in 2012 coinbase is the leading cryptocurrency exchange platform in the united states   the trade appian corporation 10 owner colin moran acquired a total of 289966 shares at an average price of 4947 to acquire these shares it cost around 1435 million   what’s happening appian recently announced it has received a verdict from a jury in the circuit court for fairfax county virginia awarding it 2036 billion in damages from pegasystems for trade secret misappropriation   what appian does appian corp provides a leading lowcode software development platform as a service that enables organizations to rapidly develop powerful and unique applications don’t forget to check out our premarket coverage here  also check this executives buy around 17m of 5 penny stocks   the trade ashland global holdings inc director eminence capital lp bought a total of 48800 shares at an average price of 10127 to acquire these shares it cost around 494 million   what’s happening the company last month posted upbeat quarterly earnings   what ashland global does ashland global holdings is a global specialty materials company that serves a wide range of industrial markets