Beta Bionics, Inc. (NASDAQ:BBNX) Major Shareholder Purchases $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 that occurred on Friday, January 31st. The stock was purchased at an average cost of $17.00 per share, with a total value of $17,000,000.00. Following the acquisition, the insider now directly owns 3,901,599 shares in the company, valued at $66,327,183. This trade represents a 34.46 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Beta Bionics Stock Performance

BBNX opened at $23.00 on Wednesday. Beta Bionics, Inc. has a 52 week low of $21.72 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.