Insider Selling: Better Home & Finance (NASDAQ:BETR) COO Sells 2,056 Shares of Stock

Key Points

  • COO Chad Smith sold 2,056 shares at an average price of $27.98 for $57,526.88, reducing his position by 9.52% to 19,534 shares (about $546,561), per an SEC filing.
  • BETR shares were up 2.4% (opened $28.58) with a market cap of $448.71M, a negative P/E of -2.34, 52‑week range $8.90–$94.06, and 50/200‑day SMAs of $35.60/$40.03.
  • Analyst views are mixed—Cantor Fitzgerald upgraded to "strong-buy" and Weiss maintained a "sell"—leaving an overall average rating of "Hold" and target of $40; institutional investors like Goldman Sachs substantially increased stakes in Q4.

Better Home & Finance Holding Company (NASDAQ:BETR - Get Free Report) COO Chad Smith sold 2,056 shares of the firm's stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $27.98, for a total transaction of $57,526.88. Following the completion of the sale, the chief operating officer owned 19,534 shares of the company's stock, valued at $546,561.32. This trade represents a 9.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Better Home & Finance Stock Up 2.4%

Shares of Better Home & Finance stock opened at $28.58 on Wednesday. The firm has a market cap of $448.71 million, a price-to-earnings ratio of -2.34 and a beta of 1.99. Better Home & Finance Holding Company has a 52-week low of $8.90 and a 52-week high of $94.06. The company's 50-day simple moving average is $35.60 and its 200-day simple moving average is $40.03.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on BETR shares. Cantor Fitzgerald raised Better Home & Finance to a "strong-buy" rating in a research note on Tuesday, January 27th. Weiss Ratings reiterated a "sell (e+)" rating on shares of Better Home & Finance in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $40.00.




View Our Latest Stock Report on BETR

Institutional Investors Weigh In On Better Home & Finance

Several institutional investors have recently modified their holdings of BETR. Goldman Sachs Group Inc. grew its holdings in shares of Better Home & Finance by 1,465.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 73,685 shares of the company's stock worth $2,401,000 after acquiring an additional 68,977 shares during the period. Geode Capital Management LLC grew its holdings in Better Home & Finance by 8.6% in the fourth quarter. Geode Capital Management LLC now owns 151,187 shares of the company's stock valued at $4,927,000 after purchasing an additional 11,922 shares during the last quarter. Activest Wealth Management purchased a new position in shares of Better Home & Finance in the fourth quarter valued at $59,000. Comerica Bank acquired a new position in shares of Better Home & Finance during the 4th quarter worth $1,819,000. Finally, UBS Group AG raised its stake in shares of Better Home & Finance by 49.7% during the 4th quarter. UBS Group AG now owns 82,409 shares of the company's stock worth $2,685,000 after buying an additional 27,356 shares during the last quarter. Hedge funds and other institutional investors own 20.94% of the company's stock.

About Better Home & Finance

(Get Free Report)

Better Home & Finance Holding Co engages in the provision of comprehensive homeownership services. It offers mortgage loans, real estate agent services, and title and homeowner's insurance services. The company was founded in 2014 and is headquartered in New York, NY.

See Also

Insider Buying and Selling by Quarter for Better Home & Finance (NASDAQ:BETR)

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