We recently published a list of 14 Most Expensive Stocks Insiders Are Buying In March. In this article, we are going to take a look at where Freshpet, Inc. (NASDAQ:FRPT) stands against other most expensive stocks insiders are buying in March.

President Donald Trump is preparing to announce “Liberation Day” tariffs on April 2, introducing so-called reciprocal tariffs as retaliation for tariffs imposed by other countries. While the announcement would represent a significant expansion of U.S. tariffs, experts familiar with the matter indicate it is expected to be more targeted than the broad, global approach, writes Bloomberg.

The stock market is reacting to these reports with the broader market gaining 1.5%, blue-chip companies advancing around 1.2% and the NASDAQ Composite being up more than 2%.

As investors digest daily developments, uncertainty continues to weigh on the market. During such times, insider trading often draws attention, as executive stock purchases may signal confidence in a company’s future. However, insider selling doesn’t always indicate doubt—it could reflect personal financial needs or diversification strategies. Executives often use pre-set plans like 10b5-1 to ensure transparency. While insider trading offers valuable clues, it should be considered alongside financial health, market trends, and industry shifts.

A fast-paced trading floor with brokers in motion with the Hong Kong stock exchange in the backdrop.

Which stocks are insiders buying at the highest prices this month? To find out, we used Insider Monkey’s insider trading stock screener, focusing only on stocks where at least two insiders had purchased shares in March. From there, we ranked the 14 stocks with the highest average price per share.

Our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds, focusing on insider trading and stock picks from hedge fund investor newsletters and conferences. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).

With each stock, we note the average price per share of these purchases and the stock’s market capitalization.

A close up of a grocery store shelf with packages of the company's pet food products on it.

Freshpet, Inc. (NASDAQ:FRPT)

Market Capitalization: $4.22 billion

Freshpet, Inc. (NASDAQ:FRPT) manufactures and markets fresh meals and treats for dogs and cats in the United States, Canada, and Europe. Selling products under the Freshpet, Dognation, and Dog Joy brands, the company distributes through branded Freshpet Fridges, retail stores, and online. Founded in 2004, Freshpet is headquartered in Bedminster, New Jersey.

For the full year 2024, Freshpet, Inc. (NASDAQ:FRPT) disclosed net sales of $975.2 million, up 27.2% year-over-year. Net income amounted to $46.9 million, which compares to a net loss of $33.6 million in 2023. Adjusted EBITDA was $161.8 million, which compares to $66.6 million in the prior year. For the year ended December 31, 2024, net cash provided by operating activities was $154.3 million, compared to $75.9 million in the prior year.

This month, two insiders purchased a total of around $247,120 worth of Freshpet shares at an average price of $90.49. The stock now trades at $86.64 per share, down 41.50% year-to-date, and 24.40% over the past 12 months.

Based on 12 Wall Street analysts’ estimates, Freshpet (NASDAQ:FRPT) stock is a “Strong Buy” with a price target of $148.55 per share, writes TipRanks. The average price target suggests a 71.46% upside from the latest price.

Overall, FRPT ranks 7th on our list of the most expensive stocks insiders are buying in March. While we acknowledge the potential of FRPT our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than FRPT but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.