FNG Exclusive… FNG has learned via regulatory filings that a number of senior insiders at social trading focused brokerage NAGA Group AG (ETR:N4G) have made personal purchases totaling about €318,000 in NAGA shares over the past several days.

Leading the acquisitions was NAGA.com CEO Ben Bilski, who bought just under €200,000 in NAGA shares, at prices of between €7.77 and €8.09. His Co-Executive Directors at NAGA, Michael Milonas and Andreas Luecke, bought €78,000 and €40,000 worth of shares, respectively.

CEO Ben Bilski shared the following thought today on social media:

I bought €200k worth of #NAGA shares last week. Why? Simple: Huge conviction that NAGA is the best neo broker & finance super app out there, and has the potential to become a multi-billion $ company – just my bullish opinion 😍🌶

NAGA recently announced plans to list its shares in the US on NASDAQ, while also informing that it was terminating business with UK based retail clients. For its most recent quarter (Q3-2021), the Hamburg-based, CySEC licensed NAGA reported record Revenue of $21 million and EBITDA of $5.2 million.