Steakholder Foods (NASDAQ:STKH) Stock: Insider Yaron Kaiser Buys 26,141 Shares

Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) Director Yaron Kaiser acquired 26,141 shares of the stock in a transaction dated Friday, October 30th. The stock was bought at an average cost of $0.42 per share, with a total value of $10,979.22. Following the completion of the purchase, the director owned 67,604 shares of the company’s stock, valued at approximately $28,393.68. The trade was a 63.05% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Thursday, October 29th, Yaron Kaiser acquired 30,291 shares of Steakholder Foods stock. The stock was bought at an average cost of $0.41 per share, for a total transaction of $12,419.31.

Steakholder Foods Trading Down 0.5%

STKH 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 firm has a 50-day moving average price of $1.55 and a 200-day moving average price of $3.47.

Steakholder Foods shares are set 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 data on Tuesday, August 25th. The company reported ($1.00) earnings per share for the quarter.

Analyst Ratings Changes

STKH has been the topic of a number of recent analyst reports. Weiss Ratings cut 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 note on Saturday, October 3rd. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, 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.