by Ian Cooper

It’s always a good idea to keep an eye on insider buying.

After all, as we’ve said a few times, they know their companies the best. And if they’re willing to put their money where their mouths are, look into the stock.

Here are three stocks with hot insider buying.

Constellation Brands (STZ)

Constellation Brands plummeted from about $245 to a recent low of $181.78. All thanks to weak earnings that were below expectations. However, it looks like the 2.2% yielding stock is just starting to come back. Helping, company director William Giles just bought 1,000 shares of the beaten-down stock for just over $186,390. It also appears most of the earnings weakness has been priced into the stock.

When momentum gets exhausted, this pattern pays out. To recognize the signs, click here.

FedEx (FDX)

Beaten-down shares of FDX are also seeing insider attention.

Earlier this month, Executive Vice President and CFO John Dietrich picked up 1,000 shares of FDX for about $273,980. Helping, analysts at JPMorgan just raised their price target to $372 with an overweight rating. Analysts at Argus also believe FDX is well-positioned to deliver strong growth moving forward, too.

Verisign Inc. (VRSN)

Warren Buffett’s Berkshire Hathaway just increased its stake in the VRSN stock.

Most recently, the firm picked up about 377,736 shares for about $74 million in late December. The firm now owns more than 13 million shares of VRSN, which makes Berkshire the company’s largest shareholder.

Plus, it looks like Buffett isn’t the only one willing to share in the optimism for this stock’s potential upside. Jim Simons’ Renaissance Technologies bought another 474,270 shares this month, as well. Nordea Investment Management also picked up an $81 million position in the VRSN stock just this month. Birch Capital Management also picked up another 3,996 shares.