Key Points
- CEO Vishal Garg bought 15,600 shares of Better Home & Finance at an average price of $24.87, spending about $388,000. The purchase increased his direct holdings to 87,060 shares, and it was made under a pre-arranged Rule 10b5-1 plan.
- This was one of several recent insider buys by Garg, including purchases on May 7, April 8, March 25, and March 23. Together, the trades suggest continued insider confidence in the company.
- BETR shares were trading down 7.2% around the report, with the stock opening at $25.05. Analysts remain mixed, though the consensus rating is currently Moderate Buy with an average target price of $46.50.
Better Home & Finance Holding Company (NASDAQ:BETR - Get Free Report) CEO Vishal Garg acquired 15,600 shares of the firm's stock in a transaction that occurred on Monday, May 18th. The stock was purchased at an average cost of $24.87 per share, with a total value of $387,972.00. Following the purchase, the chief executive officer directly owned 87,060 shares in the company, valued at approximately $2,165,182.20. This trade represents a 21.83% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Vishal Garg also recently made the following trade(s):
- On Thursday, May 7th, Vishal Garg acquired 6,583 shares of Better Home & Finance stock. The stock was purchased at an average cost of $30.00 per share, with a total value of $197,490.00.
- On Wednesday, April 8th, Vishal Garg bought 10,000 shares of Better Home & Finance stock. The stock was bought at an average price of $35.05 per share, with a total value of $350,500.00.
- On Wednesday, March 25th, Vishal Garg bought 2,217 shares of Better Home & Finance stock. The stock was bought at an average price of $29.90 per share, with a total value of $66,288.30.
- On Monday, March 23rd, Vishal Garg purchased 10,600 shares of Better Home & Finance stock. The shares were acquired at an average price of $29.49 per share, for a total transaction of $312,594.00.
Better Home & Finance Trading Down 7.2%
Better Home & Finance stock opened at $25.05 on Tuesday. The company has a market capitalization of $412.07 million, a P/E ratio of -2.13 and a beta of 1.83. The firm's fifty day simple moving average is $35.38 and its 200-day simple moving average is $38.65. Better Home & Finance Holding Company has a 1-year low of $10.81 and a 1-year high of $94.06.
Institutional Trading of Better Home & Finance
Several institutional investors have recently made changes to their positions in BETR. Goldman Sachs Group Inc. boosted its position in shares of Better Home & Finance by 3.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 293,858 shares of the company's stock valued at $3,207,000 after acquiring an additional 8,924 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Better Home & Finance by 90.6% during the 2nd quarter. Geode Capital Management LLC now owns 129,881 shares of the company's stock valued at $1,609,000 after acquiring an additional 61,740 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of Better Home & Finance during the 2nd quarter valued at about $29,000. XTX Topco Ltd acquired a new stake in shares of Better Home & Finance during the 2nd quarter valued at about $197,000. Finally, New York State Common Retirement Fund acquired a new stake in shares of Better Home & Finance during the 2nd quarter valued at about $100,000. 20.94% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on BETR shares. Wall Street Zen downgraded Better Home & Finance from a "sell" rating to a "strong sell" rating in a research report on Sunday. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Better Home & Finance in a report on Monday, April 20th. Needham & Company LLC assumed coverage on Better Home & Finance in a report on Monday, May 4th. They issued a "buy" rating and a $53.00 target price on the stock. Finally, Cantor Fitzgerald upgraded shares of Better Home & Finance to a "strong-buy" rating in a research report on Tuesday, January 27th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $46.50.
Read Our Latest Stock Report on BETR
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
