Although U.S. stocks closed mixed on Friday, there were a few notable insider trades.

When insiders purchase shares, it indicates their confidence in the company's 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 Benzinga's insider transactions platform.

Jasper Therapeutics

• The Trade: Jasper Therapeutics, Inc. (NASDAQ:JSPR) 10% owner Adam Morgan acquired a total of 350,000 shares an average price of $12.95. To acquire these shares, it cost around $4.5 million.
• What's Happening: Jasper Therapeutics announced pricing of $50 million underwritten offering of 3.9 million shares of common stock at a price of $12.95 per share.
• What Jasper Therapeutics Does: Jasper Therapeutics Inc is a clinical-stage biotechnology company dedicated to enabling cures through hematopoietic stem cell therapy.

Aon

• The Trade: Aon plc (NYSE:AON) Director Lester B Knight acquired a total of 50,000 shares at an average price of $301.97. To acquire these shares, it cost around $15.1 million.
• What's Happening: Aon reported weaker-than-expected fourth-quarter earnings.
• What Aon Does: Aon is a leading global provider of insurance and reinsurance brokerage and human resource solutions. Its operations are tilted toward its brokerage operations.

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Citizens Holding

• The Trade: Citizens Holding Company (OTC:CIZN) Director Herbert A King bought a total of 14,000 shares at an average price of $7.89. To acquire these shares, it cost around $110,460. The company's CEO also bought 4,951 shares of the company.
• What's Happening: The company said net loss for the three months ended Dec. 31, 2023 was $794, or 14 cents per share-basic.
• What Citizens Holding Does: Citizens Holding Co is a bank holding company. Through its subsidiary, it engages in various commercial and personal banking activities, such as accepting demand deposits, savings, and time deposit accounts, making secured and unsecured loans, issuing letters of credit, originating mortgage loans, and providing personal and corporate trust services.