J. Calamari Nicholas Sells 12,527 Shares of Better Home & Finance (NASDAQ:BETR) 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 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 completion of the sale, the chief accounting officer owned 9,451 shares in the company, valued at approximately $206,598.86. This trade represents a 57.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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 Performance

BETR opened at $25.03 on Tuesday. The firm's fifty day moving average is $16.09 and its two-hundred day moving average is $13.75. The firm has a market cap of $382.71 million, a PE ratio of -1.89 and a beta of 1.57. Better Home & Finance Holding Company has a twelve month low of $7.71 and a twelve month high of $25.94.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. bought a new position in Better Home & Finance during the second quarter worth $29,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Better Home & Finance during the second quarter worth about $33,000. BNP Paribas Financial Markets purchased a new position in shares of Better Home & Finance in the second quarter worth about $72,000. Bank of America Corp DE boosted its position in shares of Better Home & Finance by 87.6% in the second quarter. Bank of America Corp DE now owns 13,871 shares of the company's stock valued at $172,000 after acquiring an additional 6,479 shares during the period. Finally, New York State Common Retirement Fund bought a new position in shares of Better Home & Finance in the second quarter valued at approximately $100,000. 20.94% of the stock is currently owned by institutional investors and hedge funds.

Better Home & Finance Company Profile

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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