Insider Selling: Better Home & Finance (NASDAQ:BETR) CAO Sells 12,527 Shares of Stock

Key Points

• J. Calamari Nicholas, Chief Accounting Officer of Better Home & Finance, sold 12,527 shares of the company's stock at an average price of $21.86, totaling approximately $273,840 and representing a 57% decrease in his ownership.
• The company's stock, BETR, experienced significant volatility with a twelve month low of $7.71 and a high of $25.94, while currently trading at around $25.03.
• Better Home & Finance reported a loss of ($1.99) earnings per share for the last quarter, outperforming analyst expectations, although it had a negative net margin of 153.25%.

Better Home & Finance Holding Company (NASDAQ:BETR - Get Free Report) CAO J. Calamari Nicholas sold 12,527 shares of the stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $21.86, for a total transaction of $273,840.22. Following the transaction, the chief accounting officer directly owned 9,451 shares in the company, valued at approximately $206,598.86. This represents a 57.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• 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 1.5%

Shares of NASDAQ BETR traded up $0.38 during trading on Friday, reaching $24.99. 43,282 shares of the stock were exchanged, compared to its average volume of 70,600. The business's 50-day moving average price is $17.02 and its 200 day moving average price is $14.11. Better Home & Finance Holding Company has a twelve month low of $7.71 and a twelve month high of $25.94. The company has a market capitalization of $382.10 million, a price-to-earnings ratio of -1.89 and a beta of 1.58.

Better Home & Finance (NASDAQ:BETR - Get Free Report) last posted its earnings results on Wednesday, August 13th. The company reported ($1.99) EPS 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 analysts' expectations of $44.14 million. Better Home & Finance had a negative net margin of 153.25% and a negative return on equity of 1,105.80%.

Hedge Funds Weigh In On Better Home & Finance

Hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. grew its holdings 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 valued at $3,207,000 after purchasing an additional 8,924 shares during the last quarter. Brooklyn FI LLC bought a new position in shares of Better Home & Finance during the fourth quarter valued at $2,103,000. Gratia Capital LLC bought a new position in shares of Better Home & Finance during the second quarter valued at $1,797,000. Geode Capital Management LLC lifted its holdings in shares of Better Home & Finance by 90.6% during the second quarter. Geode Capital Management LLC now owns 129,881 shares of the company's stock valued at $1,609,000 after acquiring an additional 61,740 shares during the period. Finally, Marshall Wace LLP increased its stake in shares of Better Home & Finance by 151.6% in the second quarter. Marshall Wace LLP now owns 89,804 shares of the company's stock valued at $1,113,000 after buying an additional 54,113 shares in the last quarter. Institutional investors and hedge funds own 20.94% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Better Home & Finance from a "sell" rating to a "hold" rating in a research report on Saturday.

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.