Steakholder Foods (NASDAQ:STKH) Director Yaron Kaiser Purchases 30,291 Shares of Stock

Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) Director Yaron Kaiser bought 30,291 shares of Steakholder Foods stock in a transaction on Thursday, October 29th. The shares were purchased at an average price of $0.41 per share, for a total transaction of $12,419.31. Following the acquisition, the director directly owned 41,463 shares in the company, valued at approximately $16,999.83. This trade represents a 271.13% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

Yaron Kaiser also recently made the following trade(s):

• On Friday, October 30th, Yaron Kaiser purchased 26,141 shares of Steakholder Foods stock. The shares were purchased at an average cost of $0.42 per share, for a total transaction of $10,979.22.

Steakholder Foods Price Performance

Shares of STKH 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 company’s fifty day moving average price is $1.55 and its 200-day moving average price is $3.47.

Steakholder Foods’s stock is going 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 posted its quarterly earnings data on Tuesday, August 25th. The company reported ($1.00) EPS for the quarter.

Wall Street Analysts Forecast Growth

STKH has been the topic of a number of analyst reports. Wall Street Zen upgraded shares of Steakholder Foods to a “sell” rating in a research report on Saturday, October 3rd. Weiss Ratings cut shares of Steakholder Foods from a “sell (e+)” rating to a “sell (e)” rating in a research report on Thursday, October 8th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, Steakholder Foods currently 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.