Interesting board member buys stocks - again!
The insider - Roelof Botha - bought $SQ stocks last week for no less than $25,000,000 of his personal money!
We found that the last time he bought $SQ stocks was in November 2023 - right before a massive rally of tens of percent. (documented in the attached chart)
We also found that the same Roelof Botha also happens to serve as a senior managing partner and co-owner at Sequoia Capital.
Who is Sequoia Capital?
Sequoia Capital is one of the world's leading venture capital funds!
Roelof Botha is responsible for managing the fund's operations and plays a significant role in the decision-making processes regarding the fund's investments.
The fund has invested in a variety of companies that have become leaders in their fields!
Among them - Apple, Google, Oracle, YouTube, Instagram, WhatsApp, LinkedIn and many more!
The fund focuses on identifying companies with high growth potential and helping them realize that potential.
Given Botha's reputation - it's interesting to see the stock purchase he made with a significant amount of money.
Does he see growth potential in $SQ where he serves as a board member...?
Under observation