Insider Selling: Better Home & Finance (NASDAQ:BETR) General Counsel Sells $372,480.00 in Stock

Better Home & Finance Holding Company (NASDAQ:BETR) General Counsel Paula Tuffin sold 8,000 shares of the firm’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $46.56, for a total transaction of $372,480.00. Following the completion of the sale, the general counsel directly owned 32,344 shares in the company, valued at approximately $1,505,936.64. This trade represents a 19.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Better Home & Finance Stock Down 5.1%

Shares of NASDAQ BETR traded down $2.15 on Monday, reaching $39.62. 610,408 shares of the company’s stock traded hands, compared to its average volume of 309,147. Better Home & Finance Holding Company has a 12 month low of $7.71 and a 12 month high of $94.06. The business’s 50 day simple moving average is $58.11 and its two-hundred day simple moving average is $34.03. The company has a market cap of $622.03 million, a price-to-earnings ratio of -3.25 and a beta of 1.96.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Gratia Capital LLC acquired a new position in Better Home & Finance in the second quarter valued at $1,797,000. Geode Capital Management LLC grew its stake in Better Home & Finance by 90.6% in the 2nd quarter. Geode Capital Management LLC now owns 129,881 shares of the company’s stock worth $1,609,000 after acquiring an additional 61,740 shares during the period. Marshall Wace LLP boosted its holdings in shares of Better Home & Finance by 151.6% in the 2nd quarter. Marshall Wace LLP now owns 89,804 shares of the company’s stock valued at $1,113,000 after purchasing an additional 54,113 shares during the last quarter. UBS Group AG lifted its position in Better Home & Finance by 127.6% during the 3rd quarter. UBS Group AG now owns 55,053 shares of the company’s stock worth $3,091,000 after acquiring an additional 30,869 shares in the last quarter. Finally, Penserra Capital Management LLC acquired a new stake in Better Home & Finance during the 3rd quarter valued at approximately $1,647,000. Hedge funds and other institutional investors own 20.94% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on BETR shares. Weiss Ratings restated a “sell (e+)” rating on shares of Better Home & Finance in a research report on Wednesday, October 8th. Northland Capmk raised shares of Better Home & Finance to a “hold” rating in a research note on Monday, October 6th. Northland Securities started coverage on Better Home & Finance in a research note on Monday, October 6th. They issued a “market perform” rating for the company. Finally, Wall Street Zen cut Better Home & Finance from a “hold” rating to a “sell” rating in a research report on Saturday, October 11th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Better Home & Finance presently has a consensus rating of “Reduce”.

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.