Better Home & Finance (NASDAQ:BETR) Trading Down 5.3% Following Insider Selling

Better Home & Finance Holding Company (NASDAQ:BETR)’s stock price fell 5.3% during mid-day trading on Wednesday after an insider sold shares in the company. The stock traded as low as $36.22 and last traded at $36.7850. 183,488 shares traded hands during mid-day trading, a decline of 63% from the average session volume of 489,742 shares. The stock had previously closed at $38.84.

Specifically, General Counsel Paula Tuffin sold 8,000 shares of the stock in a transaction on Monday, January 12th. The stock was sold at an average price of $38.55, for a total transaction of $308,400.00. Following the sale, the general counsel owned 26,198 shares of the company’s stock, valued at approximately $1,009,932.90. This trade represents a 23.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Chad M. Smith sold 2,843 shares of the business’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $35.15, for a total value of $99,931.45. Following the completion of the transaction, the chief operating officer directly owned 27,590 shares of the company’s stock, valued at approximately $969,788.50. The trade was a 9.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on BETR shares. Northland Capmk raised Better Home & Finance to a “hold” rating in a research report on Monday, October 6th. Weiss Ratings reissued a “sell (e+)” rating on shares of Better Home & Finance in a research report on Wednesday, October 8th. Wall Street Zen downgraded shares of Better Home & Finance from a “hold” rating to a “sell” rating in a research report on Saturday, October 11th. Finally, Northland Securities began coverage on shares of Better Home & Finance in a research note on Monday, October 6th. They set a “market perform” rating for the company. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce”.

Better Home & Finance Stock Performance

The firm’s 50-day simple moving average is $42.87 and its two-hundred day simple moving average is $37.75.

Institutional Investors Weigh In On Better Home & Finance

A number of large investors have recently made changes to their positions in BETR. Goldman Sachs Group Inc. raised its stake in Better Home & Finance by 3.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 293,858 shares of the company’s stock worth $3,207,000 after acquiring an additional 8,924 shares during the last quarter. Daymark Wealth Partners LLC acquired a new position in shares of Better Home & Finance in the second quarter valued at about $293,000. Geode Capital Management LLC raised its stake in shares of Better Home & Finance by 90.6% in the second quarter. Geode Capital Management LLC now owns 129,881 shares of the company’s stock worth $1,609,000 after purchasing an additional 61,740 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of Better Home & Finance during the second quarter worth about $29,000. Finally, XTX Topco Ltd acquired a new stake in shares of Better Home & Finance during the second quarter worth about $197,000. 20.94% of the stock is owned by hedge funds and other institutional investors.

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.