The Dow Jones index closed lower by around 0.2% 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.

PodcastOne

• The Trade: PodcastOne, Inc. (NASDAQ:PODC) Director D Jonathan Merriman bought a total of 10,000 shares at an average price of $1.60. To acquire these shares, it cost around $16,000.
• What's Happening: On Sept. 9, PodcastOne named Steve Lehman Vice Chairman to Drive its mergers, acquisitions and strategy efforts.
• What PodcastOne Does: PodcastOne Inc is a podcast platform and publisher that makes its content available to audiences via all podcasting distribution platforms, including its website, its PodcastOne app, Apple Podcasts, Spotify, Amazon Music, and more.

P3 Health Partners

• The Trade: P3 Health Partners Inc. (NASDAQ:PIII) 10% owner CPF III-A PT SPV, LLC acquired a total of 90,000 shares at an average price of $2.52. To acquire these shares, it cost around $227,142.
• What's Happening: On Aug. 7, P3 Health Partners posted downbeat quarterly earnings.
• What P3 Health Partners Does: P3 Health Partners Inc is a patient-centered and physician-led population health management company.

Brightcove

• The Trade: Brightcove Inc. (NASDAQ:BCOV) 10% owner Jonathan Brolin acquired a total of 16,830 shares at an average price of $2.04. The insider spent around $34,355 to buy those shares.
• What's Happening: On Aug. 7, Brightcove posted upbeat quarterly results.
• What Brightcove Does: Brightcove Inc is a provider of cloud-based streaming technology and services.

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