Wednesday’s insider activity: Major buys and sells disclosed

On Wednesday, Zentalis Pharmaceuticals Inc. led the most significant insider trading activity, with Walters Group, a 10% owner and director, purchasing 4,335,000 shares for $15.17 million. Despite a 10.96% decline over the past week, the stock has delivered a 140% return over the last year, and InvestingPro analysts deem it undervalued.

Bakkt, Inc. also saw insider confidence with Director Michael Alfred buying 296,567 shares at a weighted-average price of $7.12, bringing his total beneficial ownership to 1,201,567 shares. Meanwhile, Universal Safety Products, Inc. saw director Milton C. Ault III increase his holdings through open market purchases totaling $201,392.

Advanced Flower Capital Inc. received a vote of confidence from director Leonard M. Tannenbaum, who purchased 12,841 shares at a weighted average price of $3.48.

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