The Dow Jones index closed higher by over 100 points on Tuesday. When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.

Below is a look at a few recent notable insider transactions for penny stocks. For more, check out Benzinga's insider transactions platform.

Fathom Holdings

• The Trade: Fathom Holdings Inc. (NASDAQ:FTHM) Director David C. Hood bought a total of 15,000 shares at an average price of $1.51. To acquire these shares, it cost around $22,646.
• What's Happening: On May 9, Fathom Holdings posted downbeat quarterly results.
• What Fathom Holdings Does: Fathom Holdings Inc is a national, technology-driven, real estate services platform integrating residential brokerage, mortgage, title, insurance, and Software as a Service offering to brokerages and agents by leveraging proprietary cloud-based software, intelliAgent.

EVgo

• The Trade: EVgo, Inc. (NASDAQ:EVGO) CEO and Director Badar Khan acquired a total of 125,000 shares at an average price of $2.01. To acquire these shares, it cost around $250,750.
• What's Happening: On May 7, EVgo posted better-than-expected first-quarter earnings.
• What EVgo Does: EVgo owns and operates a public direct current fast-charging network in the US.

Socket Mobile

• The Trade: Socket Mobile, Inc. (NASDAQ:SCKT) Director Charlie Bass acquired a total of 10,000 shares AVIat an average price of $1.33. The insider spent around $13,349 to buy those shares.
• What's Happening: On May 1, Socket Mobile posted better-than-expected quarterly sales.
• What Socket Mobile Does: Socket Mobile Inc is a producer of data capture products.

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