Zeta Global announced on November 17, 2024, that Co-Founder, Chairman, and CEO David A. Steinberg, along with other members of the company’s senior leadership and Board of Directors, intend to purchase approximately $3 million worth of Zeta’s Class A common stock on November 18, 2024.
This collective action is a direct demonstration of confidence in the company's integrity and future prospects, particularly following the recent publication of a short-seller report. Steinberg stated that the purchases are a response to the 'false claims and objectively wrong information' in the report.
The insider purchases underscore management's belief that the current share price is undervalued and that the company's forward momentum will continue. This move aims to reassure stakeholders and reinforce the company's commitment to value creation.
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