Ventures Iv L.P. Framework Buys 40,000 Shares of Better Home & Finance (NASDAQ:BETR) Stock

Better Home & Finance Holding Company (NASDAQ:BETR) major shareholder Ventures Iv L.P. Framework bought 40,000 shares of the firm’s stock in a transaction on Monday, March 23rd. The stock was acquired at an average cost of $29.60 per share, with a total value of $1,184,000.00. Following the completion of the purchase, the insider owned 952,312 shares of the company’s stock, valued at approximately $28,188,435.20. This trade represents a 4.38% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s shares 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 acquired 53,000 shares of Better Home & Finance stock. The shares were acquired at an average price of $28.48 per share, for a total transaction of $1,509,440.00.
• On Monday, March 16th, Ventures Iv L.P. Framework acquired 25,000 shares of Better Home & Finance stock. The stock was acquired at an average price of $29.55 per share, with a total value of $738,750.00.
• 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 cost of $34.12 per share, with a total value of $1,006,335.28.
• On Wednesday, March 11th, Ventures Iv L.P. Framework bought 21,598 shares of Better Home & Finance stock. The shares were bought at an average price of $39.73 per share, for a total transaction 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 bought at an average cost of $35.46 per share, for a total transaction of $354,600.00.

Better Home & Finance Stock Up 6.2%

Shares of BETR stock traded up $1.68 during trading hours on Monday, hitting $28.99. 378,258 shares of the company were exchanged, compared to its average volume of 426,413. Better Home & Finance Holding Company has a 52 week low of $9.50 and a 52 week high of $94.06. The business has a 50 day moving average of $31.46 and a two-hundred day moving average of $43.00.

Institutional Investors Weigh In On Better Home & Finance

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. lifted its position in Better Home & Finance by 3.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 293,858 shares of the company’s stock worth $3,207,000 after buying an additional 8,924 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Better Home & Finance by 90.6% in the 2nd quarter. Geode Capital Management LLC now owns 129,881 shares of the company’s stock valued at $1,609,000 after acquiring an additional 61,740 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of Better Home & Finance in the second quarter valued at about $29,000. XTX Topco Ltd bought a new stake in Better Home & Finance during the second quarter worth about $197,000. Finally, Quadrature Capital Ltd bought a new stake in Better Home & Finance during the second quarter worth about $173,000. 20.94% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on BETR. Cantor Fitzgerald upgraded Better Home & Finance to a “strong-buy” rating in a report on Tuesday, January 27th. Weiss Ratings reissued a “sell (e+)” rating on shares of Better Home & Finance in a research report on Wednesday, January 21st. One investment 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $40.00.

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.