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Better Home & Finance (NASDAQ:BETR) Shares Up 1% - What's Next?

Better Home & Finance logo with Finance background

Key Points

  • Better Home & Finance shares rose by 1% during trading, closing at $14.56 after reaching a high of $14.99, with a significant increase in trading volume.
  • Director Prabhu Narasimhan bought 42,352 shares at an average price of $14.10 per share, increasing their ownership by 241.14% and showcasing insider confidence in the stock.
  • Institutional investors currently hold 20.94% of Better Home & Finance's stock, with activities including new stakes and increases in ownership from companies like Goldman Sachs.
  • Looking to export and analyze Better Home & Finance data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Better Home & Finance Holding Company (NASDAQ:BETR - Get Free Report)'s share price was up 1% during mid-day trading on Wednesday . The company traded as high as $14.99 and last traded at $14.56. Approximately 51,572 shares traded hands during mid-day trading, an increase of 54% from the average daily volume of 33,476 shares. The stock had previously closed at $14.42.

Better Home & Finance Stock Up 4.1%

The company has a market capitalization of $206.17 million, a PE ratio of -1.02 and a beta of 1.51. The stock's fifty day simple moving average is $13.22 and its 200-day simple moving average is $12.50.

Insider Transactions at Better Home & Finance

In related news, Director Prabhu Narasimhan bought 42,352 shares of the company's stock in a transaction on Friday, May 16th. The stock was bought at an average cost of $14.10 per share, with a total value of $597,163.20. Following the completion of the acquisition, the director owned 59,915 shares in the company, valued at approximately $844,801.50. This represents a 241.14% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 23.59% of the company's stock.

Institutional Trading of Better Home & Finance

Several large investors have recently modified their holdings of the business. Geode Capital Management LLC grew its position 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 valued at $1,609,000 after purchasing an additional 61,740 shares during the last quarter. Daymark Wealth Partners LLC acquired a new stake in Better Home & Finance during the second quarter worth approximately $293,000. Goldman Sachs Group Inc. boosted its position in Better Home & Finance by 3.1% during the first 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. Finally, Brooklyn FI LLC acquired a new stake in Better Home & Finance during the fourth quarter worth approximately $2,103,000. 20.94% of the stock is currently owned by institutional investors and hedge funds.

Better Home & Finance Company Profile

(Get Free Report)

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.

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