Better Home & Finance (NASDAQ:BETR) Major Shareholder Ventures Iv L.P. Framework Purchases 40,000 Shares

Better Home & Finance Holding Company (NASDAQ:BETR) major shareholder Ventures Iv L.P. Framework acquired 40,000 shares of the company’s stock in a transaction dated Monday, March 23rd. The shares were bought at an average price of $29.60 per share, for a total transaction of $1,184,000.00. Following the purchase, the insider owned 952,312 shares in the company, valued at approximately $28,188,435.20. This represents a 4.38% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Large shareholders that own at least 10% 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 Thursday, March 19th, Ventures Iv L.P. Framework bought 53,000 shares of Better Home & Finance stock. The stock was purchased at an average cost of $28.48 per share, with a total value of $1,509,440.00.
• On Monday, March 16th, Ventures Iv L.P. Framework bought 25,000 shares of Better Home & Finance stock. The shares were purchased at an average price of $29.55 per share, for a total transaction of $738,750.00.
• On Friday, March 13th, Ventures Iv L.P. Framework purchased 29,494 shares of Better Home & Finance stock. The shares were purchased at an average cost of $34.12 per share, for a total transaction of $1,006,335.28.
• On Wednesday, March 11th, Ventures Iv L.P. Framework purchased 21,598 shares of Better Home & Finance stock. The stock was purchased at an average price of $39.73 per share, with a total value of $858,088.54.
• On Monday, March 9th, Ventures Iv L.P. Framework acquired 10,000 shares of Better Home & Finance stock. The stock was purchased at an average cost of $35.46 per share, with a total value of $354,600.00.

Better Home & Finance Stock Up 6.2%

Shares of Better Home & Finance stock traded up $1.68 during trading on Monday, hitting $28.99. 378,258 shares of the stock were exchanged, compared to its average volume of 426,413. The company has a fifty day moving average price of $31.46 and a 200-day moving average price of $43.00. Better Home & Finance Holding Company has a 1-year low of $9.50 and a 1-year high of $94.06.

Analysts Set New Price Targets

Several analysts have issued reports on BETR shares. Cantor Fitzgerald upgraded Better Home & Finance to a “strong-buy” rating in a research note on Tuesday, January 27th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Better Home & Finance in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $40.00.

Institutional Trading of Better Home & Finance

Several hedge funds and other institutional investors have recently modified their holdings of BETR. JPMorgan Chase & Co. bought a new position in Better Home & Finance in the 2nd quarter valued at about $29,000. FNY Investment Advisers LLC bought a new stake in shares of Better Home & Finance during the third quarter worth approximately $29,000. Russell Investments Group Ltd. bought a new stake in shares of Better Home & Finance during the third quarter worth approximately $31,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Better Home & Finance in the second quarter valued at approximately $33,000. Finally, CWM LLC bought a new position in shares of Better Home & Finance during the third quarter worth approximately $42,000. Institutional investors 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.