Insider Buying: Stryve Foods, Inc. (NASDAQ:SNAX) CEO Buys $14,392.50 in Stock

Stryve Foods, Inc. (NASDAQ:SNAX) CEO Christopher J. Boever purchased 4,750 shares of the company’s stock in a transaction dated Friday, November 17th. The stock was purchased at an average cost of $3.03 per share, for a total transaction of $14,392.50. Following the transaction, the chief executive officer now owns 300,688 shares of the company’s stock, valued at $911,084.64. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Stryve Foods Trading Up 22.6 %

Shares of SNAX stock opened at $3.20 on Monday. Stryve Foods, Inc. has a 1 year low of $2.24 and a 1 year high of $18.30. The firm’s fifty day simple moving average is $2.96 and its 200 day simple moving average is $5.55. The firm has a market capitalization of $7.23 million, a P/E ratio of -0.37 and a beta of 1.00. The company has a current ratio of 0.76, a quick ratio of 0.40 and a debt-to-equity ratio of 2.70.

Hedge Funds Weigh In On Stryve Foods

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC increased its position in Stryve Foods by 82.3% during the first quarter. Renaissance Technologies LLC now owns 25,700 shares of the company’s stock worth $32,000 after acquiring an additional 11,600 shares during the period. Vanguard Group Inc. boosted its stake in Stryve Foods by 252.1% during the first quarter. Vanguard Group Inc. now owns 58,772 shares of the company’s stock worth $73,000 after buying an additional 42,082 shares in the last quarter. Millennium Management LLC acquired a new stake in Stryve Foods during the second quarter worth $50,000. Citadel Advisors LLC acquired a new stake in Stryve Foods during the third quarter worth $95,000. Finally, CWA Asset Management Group LLC boosted its stake in Stryve Foods by 13.5% during the second quarter. CWA Asset Management Group LLC now owns 2,321,369 shares of the company’s stock worth $1,421,000 after buying an additional 276,000 shares in the last quarter.

Wall Street Analyst Weigh In

Separately, Northland Securities dropped their target price on shares of Stryve Foods from $10.00 to $8.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 15th.

About Stryve Foods

Stryve Foods, Inc manufactures, markets, and sells snacking products in North America. The company's product portfolio consists primarily of air-dried meat snack products marketed under the Stryve, Kalahari, Braaitime, and Vacadillos brands. It also produces charcuterie slabs, thinly sliced steaks, air-dried beef sticks, biltong, biltong slabs, crisps, carne seca, sliced biltong, and droëwors products.