Insider Selling: Better Home & Finance (NASDAQ:BETR) CAO Sells 12,528 Shares of Stock

Key Points

• Better Home & Finance CAO J. Calamari Nicholas sold a total of 12,528 shares of the company's stock at an average price of $59.28, representing a significant 52.49% decrease in his holdings.
• The company's stock price rose by 3.0% to $62.22, with trading volumes significantly above average, indicating increased investor interest.
• Recent analyst activity includes a "sell" rating from Weiss Ratings and an upgrade from a "sell" to a "hold" rating by Wall Street Zen, reflecting mixed sentiments on the stock's future performance.

Better Home & Finance Holding Company (NASDAQ:BETR - Get Free Report) CAO J. Calamari Nicholas sold 12,528 shares of the company's stock in a transaction on Monday, October 6th. The shares were sold at an average price of $59.28, for a total transaction of $742,659.84. Following the completion of the transaction, the chief accounting officer owned 11,341 shares of the company's stock, valued at approximately $672,294.48. The trade was a 52.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

J. Calamari Nicholas also recently made the following trade(s):

• On Monday, October 6th, J. Calamari Nicholas sold 4,890 shares of Better Home & Finance stock. The shares were sold at an average price of $59.28, for a total transaction of $289,879.20.
• On Thursday, September 4th, J. Calamari Nicholas sold 12,527 shares of Better Home & Finance stock. The shares were sold at an average price of $21.86, for a total transaction of $273,840.22.
• On Thursday, September 4th, J. Calamari Nicholas sold 4,892 shares of Better Home & Finance stock. The stock was sold at an average price of $21.86, for a total transaction of $106,939.12.

Better Home & Finance Stock Up 3.0%

NASDAQ:BETR traded up $1.82 during trading hours on Wednesday, reaching $62.22. 1,004,529 shares of the company's stock were exchanged, compared to its average volume of 218,765. The firm has a market capitalization of $955.08 million, a price-to-earnings ratio of -4.71 and a beta of 1.90. The company has a 50-day moving average of $29.29 and a 200 day moving average of $18.68. Better Home & Finance Holding Company has a 1-year low of $7.71 and a 1-year high of $94.06.

Better Home & Finance (NASDAQ:BETR - Get Free Report) last issued its quarterly earnings results on Wednesday, August 13th. The company reported ($1.99) earnings per share for the quarter, topping analysts' consensus estimates of ($2.27) by $0.28. The business had revenue of $44.14 million for the quarter, compared to analyst estimates of $44.14 million.

Wall Street Analyst Weigh In

BETR has been the subject of a number of recent research reports. Weiss Ratings reiterated a "sell (e+)" rating on shares of Better Home & Finance in a research note on Wednesday. Northland Securities initiated coverage on shares of Better Home & Finance in a research note on Monday. They set a "market perform" rating for the company. Wall Street Zen upgraded shares of Better Home & Finance from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. Finally, Northland Capmk upgraded shares of Better Home & Finance to a "hold" rating in a research note on Monday. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Reduce".

Institutional Trading of Better Home & Finance

Hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. lifted its stake in shares of 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 period. Geode Capital Management LLC increased its holdings in shares of Better Home & Finance by 90.6% in the 2nd 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 in the last quarter. Marshall Wace LLP increased its holdings in shares of Better Home & Finance by 151.6% in the 2nd quarter. Marshall Wace LLP now owns 89,804 shares of the company's stock valued at $1,113,000 after purchasing an additional 54,113 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of Better Home & Finance in the 2nd quarter valued at about $197,000. Finally, Bank of America Corp DE increased its holdings in shares of Better Home & Finance by 87.6% in the 2nd quarter. Bank of America Corp DE now owns 13,871 shares of the company's stock valued at $172,000 after purchasing an additional 6,479 shares in the last quarter. Institutional investors and hedge funds own 20.94% of the company's stock.

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 and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.