Steakholder Foods (NASDAQ:STKH) Stock: Insider Yaron Kaiser Buys 26,141 Shares

Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) Director Yaron Kaiser acquired 26,141 shares of the company’s stock in a transaction on Friday, October 30th. The stock was acquired at an average cost of $0.42 per share, for a total transaction of $10,979.22. Following the completion of the acquisition, the director owned 67,604 shares of the company’s stock, valued at $28,393.68. This trade represents a 63.05% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Yaron Kaiser also recently made the following trade(s):

• On Thursday, October 29th, Yaron Kaiser acquired 30,291 shares of Steakholder Foods stock. The stock was acquired at an average price of $0.41 per share, with a total value of $12,419.31.

Steakholder Foods Stock Up 0.5%

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

Shares of Steakholder Foods are set to reverse split before the market opens on Monday, November 9th. The 1-5 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, November 8th.

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

Analyst Ratings Changes

STKH has been the topic of several research analyst reports. Wall Street Zen upgraded shares of Steakholder Foods to a “sell” rating in a research report on Saturday, October 3rd. Weiss Ratings downgraded shares of Steakholder Foods from a “sell (e+)” rating to a “sell (e)” rating in a research report on Thursday, October 8th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company 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.