Beta Bionics, Inc. (NASDAQ:BBNX) Major Shareholder Buys $17,000,000.00 in Stock

Beta Bionics, Inc. (NASDAQ:BBNX) major shareholder Hadley Harbor Aggre Wellington bought 1,000,000 shares of the company’s stock in a transaction on Friday, January 31st. The shares were bought at an average cost of $17.00 per share, for a total transaction of $17,000,000.00. Following the transaction, the insider now directly owns 3,901,599 shares in the company, valued at approximately $66,327,183. This represents a 34.46 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Beta Bionics Stock Down 4.5 %

NASDAQ BBNX traded down $1.06 during midday trading on Monday, hitting $22.75. 693,779 shares of the company traded hands, compared to its average volume of 793,990. Beta Bionics, Inc. has a 52 week low of $22.00 and a 52 week high of $24.50.

About Beta Bionics

We are a commercial-stage medical device company engaged in the design, development and commercialization of innovative solutions to improve the health and quality of life of insulin-requiring people with diabetes (PWD) by utilizing advanced adaptive closed-loop algorithms to simplify and improve the treatment of their disease.