Insider Buying: Steakholder Foods (NASDAQ:STKH) CEO Acquires $24,000.00 in Stock

Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) CEO Arik Kaufman bought 60,000 shares of the business’s stock in a transaction on Friday, October 30th. The stock was purchased at an average price of $0.40 per share, with a total value of $24,000.00. Following the completion of the transaction, the chief executive officer directly owned 112,623 shares of the company’s stock, valued at $45,049.20. This trade represents a 114.02% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Thursday, October 29th, Arik Kaufman acquired 36,826 shares of Steakholder Foods stock. The stock was purchased at an average price of $0.38 per share, with a total value of $13,993.88.

Steakholder Foods Trading Down 1.1%

Shares of Steakholder Foods stock opened at $0.42 on Thursday. Steakholder Foods Ltd. Sponsored ADR has a 52 week low of $0.30 and a 52 week high of $12.27. The company’s 50-day moving average price is $1.37 and its two-hundred day moving average price is $3.36.

Steakholder Foods’s stock is 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 closing bell on Sunday, November 8th.

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

Analysts Set New Price Targets

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