Steakholder Foods (NASDAQ:STKH) Stock: Insider Yaron Kaiser Purchases 26,141 Shares

Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) Director Yaron Kaiser bought 26,141 shares of the firm’s stock in a transaction dated Friday, October 30th. The shares were acquired at an average price of $0.42 per share, with a total value of $10,979.22. Following the purchase, the director directly owned 67,604 shares of the company’s stock, valued at approximately $28,393.68. This trade represents a 63.05% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link.

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

• On Thursday, October 29th, Yaron Kaiser purchased 30,291 shares of Steakholder Foods stock. The shares were purchased at an average price of $0.41 per share, with a total value of $12,419.31.

Steakholder Foods Stock Down 0.5%

STKH stock opened at $0.41 on Monday. Steakholder Foods Ltd. Sponsored ADR has a fifty-two week low of $0.30 and a fifty-two week high of $12.27. The company has a 50-day simple moving average of $1.55 and a 200 day simple moving average of $3.47.

Shares of Steakholder Foods are 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 market closes on Sunday, November 8th.

Steakholder Foods (NASDAQ:STKH) last posted its quarterly earnings results on Tuesday, August 25th. The company reported ($1.00) EPS for the quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Weiss Ratings downgraded shares of Steakholder Foods from a “sell (e+)” rating to a “sell (e)” rating in a research note on Thursday, October 8th. Wall Street Zen raised 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. Based on data from MarketBeat.com, the company has an average rating of “Sell”.

About Steakholder Foods

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.