Insider Buying: Steakholder Foods (NASDAQ:STKH) CEO Buys $13,993.88 in Stock

Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) CEO Arik Kaufman bought 36,826 shares of the stock in a transaction dated Thursday, October 29th. The shares were acquired at an average price of $0.38 per share, for a total transaction of $13,993.88. Following the completion of the transaction, the chief executive officer owned 52,623 shares of the company’s stock, valued at approximately $19,996.74. The trade was a 233.12% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Friday, October 30th, Arik Kaufman purchased 60,000 shares of Steakholder Foods stock. The shares were acquired at an average price of $0.40 per share, with a total value of $24,000.00.

Steakholder Foods Stock Down 1.1%

Shares of NASDAQ:STKH opened at $0.42 on Thursday. Steakholder Foods Ltd. Sponsored ADR has a one year low of $0.30 and a one year high of $12.27. The company has a 50-day simple moving average of $1.37 and a 200-day simple moving average of $3.36.

Steakholder Foods shares are set 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 market closes 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.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Wall Street Zen raised shares of Steakholder Foods to a “sell” rating in a report on Saturday, October 3rd. Weiss Ratings lowered shares of Steakholder Foods from a “sell (e+)” rating to a “sell (e)” rating in a research report on Thursday, October 8th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

About Steakholder Foods

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.