Steakholder Foods (NASDAQ:STKH) Stock: Insider Arik Kaufman Acquires 60,000 Shares

Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) CEO Arik Kaufman bought 60,000 shares of the company’s stock in a transaction dated Friday, October 30th. The shares were acquired at an average price of $0.40 per share, for a total transaction of $24,000.00. Following the acquisition, the chief executive officer owned 112,623 shares in the company, valued at approximately $45,049.20. This represents a 114.02% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Arik Kaufman also recently made the following trade(s):

• On Thursday, October 29th, Arik Kaufman bought 36,826 shares of Steakholder Foods stock. The stock was acquired at an average cost of $0.38 per share, for a total transaction of $13,993.88.

Steakholder Foods Trading Up 0.5%

Shares of Steakholder Foods stock opened at $0.42 on Wednesday. Steakholder Foods Ltd. Sponsored ADR has a 1 year low of $0.30 and a 1 year high of $12.27. The company has a 50-day moving average of $1.43 and a 200 day moving average of $3.40.

Steakholder Foods’s stock is scheduled to reverse split on the morning of Monday, November 9th. The 1-5 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, November 8th.

Steakholder Foods (NASDAQ:STKH) last posted its quarterly earnings data on Tuesday, August 25th. The company reported ($1.00) EPS for the quarter.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on STKH shares. Weiss Ratings cut Steakholder Foods from a “sell (e+)” rating to a “sell (e)” rating in a research report on Thursday, October 8th. Wall Street Zen raised Steakholder Foods to a “sell” rating in a research report on Saturday, October 3rd. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock has an average rating of “Sell”.

Steakholder Foods Company Profile

Steakholder Foods Ltd. is an Israel-based food-technology company developing technologies for the cultivated meat and seafood industry. The company focuses on producing structured, cell-based foods by combining cell cultivation, bio-ink formulation and three-dimensional bioprinting.

Its technology is designed to replicate the texture and appearance of conventional meat and seafood, with research and development efforts spanning cultivated beef, chicken, pork and fish products. Steakholder Foods also develops specialized 3D printers and related production systems intended to deposit different cell-based and plant-based ingredients in precise structures.

The company was formerly known as MeaTech 3D Ltd.