Insider Buying: Steakholder Foods (NASDAQ:STKH) CEO Buys 36,826 Shares of Stock

Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) CEO Arik Kaufman bought 36,826 shares of the stock in a transaction dated Thursday, October 29th. The shares were purchased at an average cost of $0.38 per share, for a total transaction of $13,993.88. Following the completion of the transaction, the chief executive officer directly owned 52,623 shares of the company’s stock, valued at $19,996.74. This trade represents a 233.12% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Arik Kaufman also recently made the following trade(s):

• On Friday, October 30th, Arik Kaufman bought 60,000 shares of Steakholder Foods stock. The stock was bought at an average cost of $0.40 per share, for a total transaction of $24,000.00.

Steakholder Foods Trading Down 0.5%

Steakholder Foods stock opened at $0.41 on Monday. Steakholder Foods Ltd. Sponsored ADR has a 1-year low of $0.30 and a 1-year high of $12.27. The firm has a 50-day moving average of $1.55 and a 200-day moving average of $3.47.

Steakholder Foods shares are scheduled to reverse split before the market opens on Monday, November 9th. The 1-5 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, November 8th.

Steakholder Foods (NASDAQ:STKH) last released its quarterly earnings results on Tuesday, August 25th. The company reported ($1.00) earnings per share (EPS) for the quarter.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on STKH. Weiss Ratings downgraded Steakholder Foods from a “sell (e+)” rating to a “sell (e)” rating in a report on Thursday, October 8th. Wall Street Zen raised shares of Steakholder Foods to a “sell” rating in a research note on Saturday, October 3rd. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Steakholder Foods Company Profile

Steakholder Foods Ltd. is an Israel-based food-technology company developing technologies for the cultivated meat and seafood industry. The company focuses on producing structured, cell-based foods by combining cell cultivation, bio-ink formulation and three-dimensional bioprinting.

Its technology is designed to replicate the texture and appearance of conventional meat and seafood, with research and development efforts spanning cultivated beef, chicken, pork and fish products. Steakholder Foods also develops specialized 3D printers and related production systems intended to deposit different cell-based and plant-based ingredients in precise structures.

The company was formerly known as MeaTech 3D Ltd.