Steakholder Foods (NASDAQ:STKH) Stock: Insider Yaron Kaiser Purchases 30,291 Shares

Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) Director Yaron Kaiser acquired 30,291 shares of the company’s stock in a transaction that occurred on Thursday, October 29th. The shares were acquired at an average cost of $0.41 per share, for a total transaction of $12,419.31. Following the purchase, the director directly owned 41,463 shares in the company, valued at $16,999.83. This trade represents a 271.13% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Yaron Kaiser also recently made the following trade(s):

• On Friday, October 30th, Yaron Kaiser acquired 26,141 shares of Steakholder Foods stock. The stock was acquired at an average price of $0.42 per share, with a total value of $10,979.22.

Steakholder Foods Stock Up 0.5%

STKH opened at $0.42 on Wednesday. The firm’s fifty day simple moving average is $1.43 and its 200 day simple moving average is $3.40. Steakholder Foods Ltd. Sponsored ADR has a 12 month low of $0.30 and a 12 month high of $12.27.

Steakholder Foods’s stock is going 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 posted its quarterly earnings data on Tuesday, August 25th. The company reported ($1.00) earnings per share (EPS) for the quarter.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on STKH shares. Weiss Ratings cut Steakholder Foods from a “sell (e+)” rating to a “sell (e)” rating in a report on Thursday, October 8th. Wall Street Zen raised Steakholder Foods to a “sell” rating in a research report on Saturday, October 3rd. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock currently has an average 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.