These CEOs just sold their stocks

In this edition of Seven Lakes Research, we highlight recent stock moves by three prominent CEOs, offering insights into what these decisions may signal for their companies and investors.

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Satya Nadella - Microsoft (Sold) 

On August 30, 2024, Microsoft CEO Satya Nadella sold 85,000 shares of Microsoft stock, worth approximately $27.6 million.

The shares were sold at an average price of $324.60.

While insider sales sometimes cause investor concern, this sale is believed to be part of Nadella’s regular financial management.

The sale represents only a small portion of Nadella’s overall holdings, indicating that his confidence in Microsoft’s long-term growth, especially in the cloud and AI sectors, remains high.

Mary Barra - General Motors (Bought)

General Motors CEO Mary Barra made a notable purchase of 20,000 GM shares on September 5, 2024. Barra paid approximately $1.02 million for the shares, with the stock trading around $51.20 per share at the time.

This buy aligns with GM's ambitious plans to accelerate the production of electric vehicles (EVs) and autonomous driving technologies.

Barra’s decision to increase her stake in GM is a strong signal of her confidence in the company’s future as it competes with established EV makers like Tesla.

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Evan Spiegel - Snap Inc. (Sold) 

Evan Spiegel, the CEO of Snap Inc., sold 150,000 shares on September 8, 2024, netting approximately $10.5 million.

The shares were sold at an average price of $70 per share. Snap has faced challenges in recent quarters, including declining ad revenue and increased competition.

Spiegel’s sale, while significant, represents less than 2% of his total holdings.

Some analysts believe it reflects personal financial diversification rather than a lack of faith in Snap’s future, especially as the company continues to invest in augmented reality (AR) and innovative media tools.