Insider Selling: Better Home & Finance (NASDAQ:BETR) COO Sells 6,000 Shares of Stock

Better Home & Finance Holding Company (NASDAQ:BETR) COO Chad Smith sold 6,000 shares of the stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $30.07, for a total value of $180,420.00. Following the completion of the transaction, the chief operating officer directly owned 15,590 shares of the company’s stock, valued at approximately $468,791.30. The trade was a 27.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Better Home & Finance Price Performance

Shares of NASDAQ BETR traded up $0.66 during midday trading on Wednesday, reaching $31.90. 259,002 shares of the company traded hands, compared to its average volume of 381,849. The company has a market cap of $500.83 million, a price-to-earnings ratio of -2.62 and a beta of 1.99. The stock has a 50-day moving average price of $33.59 and a 200 day moving average price of $40.57. Better Home & Finance Holding Company has a 52 week low of $8.90 and a 52 week high of $94.06.

Wall Street Analyst Weigh In

BETR has been the subject of a number of research reports. Cantor Fitzgerald raised Better Home & Finance to a “strong-buy” rating in a research note on Tuesday, January 27th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Better Home & Finance in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $40.00.

Institutional Trading of Better Home & Finance

Several large investors have recently added to or reduced their stakes in BETR. Gratia Capital LLC acquired a new stake in shares of Better Home & Finance in the second quarter worth $1,797,000. Jump Financial LLC acquired a new stake in Better Home & Finance during the 4th quarter worth about $2,457,000. Goldman Sachs Group Inc. grew its stake in Better Home & Finance by 1,465.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 73,685 shares of the company’s stock valued at $2,401,000 after acquiring an additional 68,977 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Better Home & Finance by 90.6% in the 2nd quarter. Geode Capital Management LLC now owns 129,881 shares of the company’s stock valued at $1,609,000 after purchasing an additional 61,740 shares during the period. Finally, Comerica Bank purchased a new stake in shares of Better Home & Finance in the fourth quarter worth approximately $1,819,000. 20.94% of the stock is owned by institutional investors and hedge funds.

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.