Steakholder Foods (NASDAQ:STKH) Stock: Insider Arik Kaufman Purchases 60,000 Shares

Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) CEO Arik Kaufman purchased 60,000 shares of the stock in a transaction that occurred on Friday, October 30th. The shares were acquired at an average cost of $0.40 per share, with a total value of $24,000.00. Following the completion of the transaction, the chief executive officer owned 112,623 shares in the company, valued at $45,049.20. This trade represents a 114.02% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

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

Steakholder Foods Price Performance

Shares of STKH stock opened at $0.41 on Monday. Steakholder Foods Ltd. Sponsored ADR has a twelve month low of $0.30 and a twelve month high of $12.27. The company’s 50-day moving average price is $1.55 and its 200-day moving average price is $3.47.

Steakholder Foods shares are going to reverse split 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 announced its quarterly earnings data 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 analysts recently weighed in on the stock. 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 Steakholder Foods to a “sell” rating in a research report on Saturday, October 3rd. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock currently has a consensus 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.