Insider Buying: Better Home & Finance (NASDAQ:BETR) Major Shareholder Acquires $354,600.00 in Stock

Key Points

• Ventures Iv L.P. Framework bought 10,000 shares on March 9 at $35.46 ($354,600) and 21,598 shares on March 11 at $39.73 ($858,088), increasing its stake to 571,908 shares (a 1.78% boost) valued at roughly $20.28 million.
• BETR shares rose about 4.5% to $39.93 on the news; the company has a market cap of $626.9 million, a 52‑week range of $9.50–$94.06, and an average analyst rating of "Hold" with a $40 target (Cantor Fitzgerald is a strong-buy).

Better Home & Finance Holding Company (NASDAQ:BETR - Get Free Report) major shareholder Ventures Iv L.P. Framework acquired 10,000 shares of the stock in a transaction dated Monday, March 9th. The stock was bought at an average cost of $35.46 per share, with a total value of $354,600.00. Following the completion of the purchase, the insider owned 571,908 shares of the company's stock, valued at approximately $20,279,857.68. The trade was a 1.78% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.

Ventures Iv L.P. Framework also recently made the following trade(s):

• On Wednesday, March 11th, Ventures Iv L.P. Framework bought 21,598 shares of Better Home & Finance stock. The stock was purchased at an average price of $39.73 per share, with a total value of $858,088.54.

Better Home & Finance Stock Up 4.5%

Better Home & Finance stock traded up $1.71 during midday trading on Wednesday, hitting $39.93. 331,247 shares of the stock were exchanged, compared to its average volume of 362,342. The stock has a market capitalization of $626.90 million, a price-to-earnings ratio of -3.28 and a beta of 1.98. Better Home & Finance Holding Company has a 52-week low of $9.50 and a 52-week high of $94.06. The business's 50-day moving average price is $32.32 and its 200-day moving average price is $42.36.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BETR. JPMorgan Chase & Co. bought a new stake in Better Home & Finance during the second quarter worth about $29,000. FNY Investment Advisers LLC purchased a new position in shares of Better Home & Finance during the 3rd quarter valued at about $29,000. Russell Investments Group Ltd. bought a new stake in Better Home & Finance in the 3rd quarter worth approximately $31,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Better Home & Finance in the 2nd quarter worth approximately $33,000. Finally, CWM LLC purchased a new stake in Better Home & Finance in the third quarter worth approximately $42,000. Institutional investors own 20.94% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on BETR shares. Cantor Fitzgerald upgraded Better Home & Finance to a "strong-buy" rating in a research note on Tuesday, January 27th. Weiss Ratings restated a "sell (e+)" rating on shares of Better Home & Finance in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $40.00.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.