Stingray Group (RAY) has notable insider buying

Stingray Group (T:RAY)

Stingray Group Inc. (RAY) has a high amount of executive buying compared to its small-cap peers over the past three months. According to regulatory filings yesterday, two insiders have invested a total amount of $1,495,000.Éric Boyko, CEO, Director and 10% Holder executive, acquired 100,000 Subordinate Voting Shares on an indirect ownership basis for registered holder Boyko Investments Limited Partnership at a price of $4.950 through a private transaction on August 7th, 2020. This represents a $495,000 investment into the company's shares and an account share holdings change of 16.4%.

Mark Pathy, a Director, acquired 200,000 Subordinate Voting Shares on an indirect ownership basis for registered holder Mavrik Corp. at a price of $5.000 through a private transaction on August 6th, 2020. This represents a $1,000,000 investment into the company's shares and an account share holdings change of 5.6%.

Stingray Group Inc. is a business-to-business (B2B) music, media and technology company. The Company provides curated direct-to-consumer and B2B services on various platforms, including audio television channels, radio stations, subscription video-on-demand (SVOD) content, karaoke products, digital signage, in-store music and music applications. The Company offers SVOD services on a wide range of Internet-capable devices including smart televisions (TVs), smartphones, tablets, video game consoles and multimedia devices. The Company offers Stingray Karaoke, Stingray Classica, Stingray DJAZZ and Stingray Qello. The Company also offers business to consumers (B2C) mobile applications that includes Stingray Music, Yokee Music, Yokee Piano and Yokee Guitar. The Company has approximately 400 million subscribers in over 156 countries.