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Insider Selling: Better Home & Finance (NASDAQ:BETR) CAO Sells 4,892 Shares of Stock

Better Home & Finance logo with Finance background

Key Points

  • J. Calamari Nicholas, the CAO of Better Home & Finance, sold 4,892 shares of the company's stock for approximately $106,939 on September 4th.
  • Better Home & Finance reported a negative earnings per share of ($1.99) for the last quarter, exceeding analyst expectations of ($2.27) by $0.28.
  • Institutional investors currently own 20.94% of Better Home & Finance, with notable recent activity including Goldman Sachs increasing its stake by 3.1%.
  • Five stocks to consider instead of Better Home & Finance.

Better Home & Finance Holding Company (NASDAQ:BETR - Get Free Report) CAO J. Calamari Nicholas sold 4,892 shares of the company's stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $21.86, for a total value of $106,939.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

  • On Thursday, September 4th, J. Calamari Nicholas sold 12,527 shares of Better Home & Finance stock. The stock was sold at an average price of $21.86, for a total value of $273,840.22.

Better Home & Finance Stock Performance

Shares of Better Home & Finance stock traded up $0.38 on Friday, hitting $24.99. The company had a trading volume of 43,282 shares, compared to its average volume of 70,600. The stock 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 Holding Company has a 1 year low of $7.71 and a 1 year high of $25.94. The stock has a 50 day moving average of $17.02 and a 200-day moving average of $14.09.

Better Home & Finance (NASDAQ:BETR - Get Free Report) last issued its quarterly earnings data on Wednesday, August 13th. The company reported ($1.99) EPS for the quarter, topping the consensus estimate of ($2.27) by $0.28. The firm had revenue of $44.14 million during the quarter, compared to the consensus estimate of $44.14 million. Better Home & Finance had a negative return on equity of 1,105.80% and a negative net margin of 153.25%.

Institutional Investors Weigh In On Better Home & Finance

Several institutional investors have recently made changes to their positions in BETR. JPMorgan Chase & Co. purchased a new stake in shares of Better Home & Finance in the second quarter worth $29,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Better Home & Finance in the second quarter worth $33,000. BNP Paribas Financial Markets purchased a new stake in shares of Better Home & Finance in the second quarter worth $72,000. New York State Common Retirement Fund purchased a new stake in Better Home & Finance during the second quarter valued at about $100,000. Finally, Bank of America Corp DE raised its position in Better Home & Finance by 87.6% during the second 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. Hedge funds and other institutional investors own 20.94% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Better Home & Finance from a "sell" rating to a "hold" rating in a research note on Saturday.

View Our Latest Stock Report on BETR

About Better Home & Finance

(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.

Further Reading

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