Steakholder Foods (NASDAQ:STKH) Stock: Insider Arik Kaufman Buys 36,826 Shares

Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) CEO Arik Kaufman acquired 36,826 shares of Steakholder Foods stock in a transaction that occurred on Thursday, October 29th. The stock was acquired at an average cost of $0.38 per share, with a total value of $13,993.88. Following the completion of the purchase, the chief executive officer owned 52,623 shares in the company, valued at approximately $19,996.74. This represents a 233.12% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Friday, October 30th, Arik Kaufman acquired 60,000 shares of Steakholder Foods stock. The shares were acquired at an average price of $0.40 per share, with a total value of $24,000.00.

Steakholder Foods Stock Up 0.5%

NASDAQ:STKH opened at $0.42 on Wednesday. Steakholder Foods Ltd. Sponsored ADR has a fifty-two week low of $0.30 and a fifty-two week high of $12.27. The stock’s 50-day moving average is $1.43 and its two-hundred day moving average is $3.40.

Shares of Steakholder Foods are going to reverse split on the morning of 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 results on Tuesday, August 25th. The company reported ($1.00) earnings per share (EPS) for the quarter.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Wall Street Zen upgraded shares of Steakholder Foods to a “sell” rating in a report on Saturday, October 3rd. Weiss Ratings downgraded shares of Steakholder Foods from a “sell (e+)” rating to a “sell (e)” rating in a research note on Thursday, October 8th. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

About Steakholder Foods

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.