Vishal Garg Acquires 6,583 Shares of Better Home & Finance (NASDAQ:BETR) Stock

Key Points

• CEO Vishal Garg bought 6,583 shares of Better Home & Finance (NASDAQ:BETR) on May 7 at an average price of $30.00 under a pre‑arranged Rule 10b5‑1 plan, raising his direct stake to 71,460 shares (a 10.15% increase) worth about $2.14 million.
• The stock plunged 28.5% to $30.52 on heavy volume (2.77M shares vs. a ~557K average), highlighting notable volatility given a 12‑month range of $10.81–$94.06 and a market cap near $502M.
• Analyst views are mixed but the consensus is a “Moderate Buy” with a $46.50 price target, while institutional investors such as Goldman Sachs and Geode have recently raised their positions.

Better Home & Finance Holding Company (NASDAQ:BETR - Get Free Report) CEO Vishal Garg acquired 6,583 shares of the stock in a transaction on Thursday, May 7th. The stock was purchased at an average cost of $30.00 per share, with a total value of $197,490.00. Following the transaction, the chief executive officer directly owned 71,460 shares of the company's stock, valued at $2,143,800. This represents a 10.15% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Vishal Garg also recently made the following trade(s):

• On Wednesday, April 8th, Vishal Garg purchased 10,000 shares of Better Home & Finance stock. The shares were purchased at an average cost of $35.05 per share, for a total transaction of $350,500.00.
• On Wednesday, March 25th, Vishal Garg purchased 2,217 shares of Better Home & Finance stock. The stock was acquired at an average price of $29.90 per share, for a total transaction of $66,288.30.
• On Monday, March 23rd, Vishal Garg bought 10,600 shares of Better Home & Finance stock. The stock was acquired at an average cost of $29.49 per share, for a total transaction of $312,594.00.

Better Home & Finance Trading Down 28.5%

NASDAQ BETR traded down $12.17 during trading hours on Thursday, reaching $30.52. 2,765,846 shares of the company traded hands, compared to its average volume of 556,693. Better Home & Finance Holding Company has a 12 month low of $10.81 and a 12 month high of $94.06. The company has a 50 day moving average of $35.94 and a two-hundred day moving average of $41.05. The stock has a market capitalization of $502.05 million, a PE ratio of -2.82 and a beta of 1.83.

Analyst Upgrades and Downgrades

BETR has been the topic of a number of recent research reports. Cantor Fitzgerald upgraded shares of Better Home & Finance to a "strong-buy" rating in a research report on Tuesday, January 27th. Wall Street Zen upgraded shares of Better Home & Finance from a "sell" rating to a "hold" rating in a research note on Saturday, April 11th. Needham & Company LLC began coverage on Better Home & Finance in a research note on Monday. They set a "buy" rating and a $53.00 price target for the company. Finally, Weiss Ratings reissued a "sell (e+)" rating on shares of Better Home & Finance in a research note on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $46.50.

Hedge Funds Weigh In On Better Home & Finance

A number of institutional investors have recently modified their holdings of BETR. Goldman Sachs Group Inc. increased its stake in shares of Better Home & Finance by 3.1% in the first quarter. Goldman Sachs Group Inc. now owns 293,858 shares of the company's stock worth $3,207,000 after purchasing an additional 8,924 shares during the period. Geode Capital Management LLC raised its holdings in shares of Better Home & Finance by 90.6% in the second quarter. Geode Capital Management LLC now owns 129,881 shares of the company's stock valued at $1,609,000 after buying an additional 61,740 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in Better Home & Finance during the 2nd quarter worth $29,000. XTX Topco Ltd bought a new position in shares of Better Home & Finance in the 2nd quarter valued at about $197,000. Finally, New York State Common Retirement Fund bought a new stake in Better Home & Finance in the second quarter valued at about $100,000. Institutional investors 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.

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