Insider Buying: Better Home & Finance (NASDAQ:BETR) CEO Purchases $387,972.00 in Stock

Better Home & Finance Holding Company (NASDAQ:BETR) CEO Vishal Garg purchased 15,600 shares of the company’s stock in a transaction on Monday, May 18th. The stock was acquired at an average price of $24.87 per share, with a total value of $387,972.00. Following the purchase, the chief executive officer owned 87,060 shares of the company’s stock, valued at approximately $2,165,182.20. This represents a 21.83% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible 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 Wednesday, May 20th, Vishal Garg purchased 15,600 shares of Better Home & Finance stock. The stock was acquired at an average price of $25.00 per share, with a total value of $390,000.00.
• On Thursday, May 7th, Vishal Garg purchased 6,583 shares of Better Home & Finance stock. The stock was acquired at an average price of $30.00 per share, with a total value of $197,490.00.
• On Wednesday, April 8th, Vishal Garg purchased 10,000 shares of Better Home & Finance stock. The stock was acquired at an average price of $35.05 per share, with a total value of $350,500.00.
• On Wednesday, March 25th, Vishal Garg purchased 2,217 shares of Better Home & Finance stock. The stock was acquired at an average price of $29.90 per share, with a total value of $66,288.30.
• On Monday, March 23rd, Vishal Garg acquired 10,600 shares of Better Home & Finance stock. The shares were purchased at an average cost of $29.49 per share, with a total value of $312,594.00.

Better Home & Finance Trading Down 3.6%

Better Home & Finance stock opened at $24.34 on Thursday. The stock has a market cap of $400.39 million, a P/E ratio of -2.07 and a beta of 1.83. The company has a fifty day simple moving average of $35.02 and a 200-day simple moving average of $37.94. Better Home & Finance Holding Company has a 12-month low of $10.81 and a 12-month high of $94.06.

Institutional Investors Weigh In On Better Home & Finance

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Better Home & Finance by 1.6% in the third quarter. Vanguard Group Inc. now owns 398,903 shares of the company’s stock valued at $22,394,000 after acquiring an additional 6,374 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Better Home & Finance by 3.1% in the first 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 during the last quarter. Geode Capital Management LLC lifted its position 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 acquiring an additional 11,922 shares during the last quarter. State Street Corp lifted its position in Better Home & Finance by 14.2% in the fourth quarter. State Street Corp now owns 116,597 shares of the company’s stock valued at $3,799,000 after acquiring an additional 14,540 shares during the last quarter. Finally, Marshall Wace LLP lifted its position in Better Home & Finance by 151.6% in the second quarter. Marshall Wace LLP now owns 89,804 shares of the company’s stock valued at $1,113,000 after acquiring an additional 54,113 shares during the last quarter. 20.94% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on BETR. Wall Street Zen cut shares of Better Home & Finance from a “sell” rating to a “strong sell” rating in a research report on Sunday. Cantor Fitzgerald raised shares of Better Home & Finance to a “strong-buy” rating in a research report on Tuesday, January 27th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Better Home & Finance in a research report on Monday, April 20th. Finally, Needham & Company LLC began coverage on shares of Better Home & Finance in a research report on Monday, May 4th. They set a “buy” rating and a $53.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Better Home & Finance currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.50.

About Better Home & Finance

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.