Meetme, Inc. (MEET): John Abbott , director of Meetme, Inc. sold 85,000 shares on Jun 14, 2016. The Insider selling transaction was reported by the company on Jun 16, 2016 to the Securities and Exchange Commission. The shares were sold at $4.62 per share for a total value of $394,750.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 8, 2016, Geoffrey Cook (Chief Executive Officer) sold 100,000 shares at $4.20 per share price.On May 18, 2016, Frederic Beckley (General Counsel) sold 9,360 shares at $3.41 per share price.Also, On May 18, 2016, William Alena (Chief Revenue Officer) sold 8,793 shares at $3.41 per share price.On May 18, 2016, Jonah H Harris (Chief Revenue Officer) sold 20,833 shares at $3.41 per share price.
Shares of MeetMe Inc (MEET) ended Wednesday, Jun 15, 2016 session in red amid volatile trading. The shares closed down -0.13 points or -2.74% at $4.62 with 19,88,273 shares getting traded. Post opening the session at $4.8, the shares hit an intraday low of $4.57 and an intraday high of $4.84 and the price vacillated in this range throughout the day. The company has a market cap of $220 M and the number of outstanding shares has been calculated to be 4,77,25,577 shares. The 52-week high of MeetMe Inc is $4.84 and the 52-week low is $1.32.
MeetMe Inc. is a location-based social network for meeting new people both on the Web and on mobile platforms including on iPhone Android iPad and other tablets that facilitate interactions among users. The Company is a social media technology company that owns and operates MeetMe.com. The Company monetizes through advertising in-app purchases and paid subscriptions. The Company provides users with access to a menu of resources that promote social interaction information sharing and other topics of interest to users. The Company had approximately 4.98 million monthly active users (MAUs). The Company offers online marketing capabilities which enable marketers to display their advertisements in different formats and in different locations. The Company works with its advertisers to maximize the effectiveness of their campaigns by optimizing advertisement formats and placement.