Insider Buying: Better Home & Finance (NASDAQ:BETR) Major Shareholder Purchases $738,750.00 in Stock

Better Home & Finance Holding Company (NASDAQ:BETR) major shareholder Ventures Iv L.P. Framework acquired 25,000 shares of the stock in a transaction that occurred on Monday, March 16th. The stock was purchased at an average price of $29.55 per share, with a total value of $738,750.00. Following the transaction, the insider owned 859,312 shares in the company, valued at $25,392,669.60. This represents a 3.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Ventures Iv L.P. Framework also recently made the following trade(s):

• On Friday, March 13th, Ventures Iv L.P. Framework bought 29,494 shares of Better Home & Finance stock. The shares were acquired at an average price of $34.12 per share, for a total transaction of $1,006,335.28.
• On Wednesday, March 11th, Ventures Iv L.P. Framework bought 21,598 shares of Better Home & Finance stock. The stock was acquired at an average cost of $39.73 per share, with a total value of $858,088.54.
• On Monday, March 9th, Ventures Iv L.P. Framework purchased 10,000 shares of Better Home & Finance stock. The stock was acquired at an average price of $35.46 per share, with a total value of $354,600.00.

Better Home & Finance Price Performance

NASDAQ BETR opened at $28.47 on Thursday. Better Home & Finance Holding Company has a one year low of $9.50 and a one year high of $94.06. The firm has a market cap of $446.98 million, a P/E ratio of -2.63 and a beta of 1.98. The stock’s 50-day moving average is $32.06 and its 200-day moving average is $42.73.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Better Home & Finance in a research note on Wednesday, January 21st. Cantor Fitzgerald upgraded shares of Better Home & Finance to a “strong-buy” rating in a report on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Better Home & Finance has an average rating of “Hold” and an average price target of $40.00.

Institutional Investors Weigh In On Better Home & Finance

A number of hedge funds and other institutional investors have recently bought and sold shares of BETR. Alpine Global Management LLC bought a new stake in Better Home & Finance in the 4th quarter valued at approximately $456,000. Engineers Gate Manager LP bought a new position in shares of Better Home & Finance during the 4th quarter worth approximately $450,000. AQR Capital Management LLC grew its stake in shares of Better Home & Finance by 39.7% during the 4th quarter. AQR Capital Management LLC now owns 13,769 shares of the company’s stock worth $449,000 after acquiring an additional 3,913 shares in the last quarter. Jump Financial LLC acquired a new stake in shares of Better Home & Finance in the fourth quarter valued at approximately $2,457,000. Finally, California State Teachers Retirement System lifted its position in shares of Better Home & Finance by 1,686.9% in the fourth quarter. California State Teachers Retirement System now owns 5,468 shares of the company’s stock worth $178,000 after purchasing an additional 5,162 shares in the last quarter. Institutional investors and hedge funds own 20.94% of the company’s stock.

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.