If insiders are putting their money where their mouths are, dig into it.

After all, it’s the insiders that know their company the best. And if they’re buying, there’s usually a good reason for it.  

Look at Southwest Airlines (LUV), for example.

Director Rakesh Gangwal just bought 3.6 million shares of the airline stock for about $108 million. He was added to the LUV board in July following Elliott Investment Management’s push for new leadership and strategic changes. 

As part of the overhaul, it was announced that executive chair Gary Kelly would be stepping down, and that six other board members would also be stepping down as well.

And, as noted by Investing.com:

“Despite these significant changes, Elliott continues to call for further adjustments, including the removal of CEO Bob Jordan. Last week, Elliott signaled its intent to request a special shareholder meeting to push for additional leadership changes.”

“In an interview with Reuters, Gangwal expressed concerns about further disruptions in Southwest’s leadership, stating that more changes would be ‘counterproductive’ and detrimental to shareholders. He stressed that beyond the steps already announced, additional alterations to the board or executive team would not be in the best interest of shareholders.”

Cantaloupe (CTLP)

Cantaloupe, a digital payments and software services company, just saw Chairman Douglas Bergeron buy another 285,000 shares of the stock. 

Even CEO Ravi Venkatesan picked up another 8,000 shares of the stock, noting that, “I have never been more confident of our market position and our growth vectors. These investments by both Bergeron and myself signal our belief in the company’s strategic direction and growth potential,” as quoted by Seeking Alpha.