Steakholder Foods (NASDAQ:STKH) Stock: Insider Arik Kaufman Acquires 60,000 Shares

Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) CEO Arik Kaufman acquired 60,000 shares of Steakholder Foods stock in a transaction on Friday, October 30th. The shares were purchased at an average price of $0.40 per share, for a total transaction of $24,000.00. Following the completion of the acquisition, the chief executive officer directly owned 112,623 shares in the company, valued at $45,049.20. This trade represents a 114.02% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Thursday, October 29th, Arik Kaufman acquired 36,826 shares of Steakholder Foods stock. The stock was bought at an average price of $0.38 per share, for a total transaction of $13,993.88.

Steakholder Foods Stock Performance

STKH stock opened at $0.41 on Monday. The company has a fifty day moving average of $1.55 and a 200-day moving average of $3.47. Steakholder Foods Ltd. Sponsored ADR has a one year low of $0.30 and a one year high of $12.27.

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 closing bell 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 for the quarter.

Analysts Set New Price Targets

A number of equities research analysts have commented on STKH shares. Weiss Ratings lowered Steakholder Foods from a “sell (e+)” rating to a “sell (e)” rating in a research report on Thursday, October 8th. Wall Street Zen upgraded shares of Steakholder Foods to a “sell” rating in a report on Saturday, October 3rd. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock has a consensus 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.