BETA Technologies (NYSE:BETA) COO Sells $344,424.96 in Stock

BETA Technologies Inc (NYSE:BETAGet Free Report) COO Sean Donovan sold 19,008 shares of the business’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $18.12, for a total transaction of $344,424.96. Following the completion of the transaction, the chief operating officer owned 176,195 shares in the company, valued at approximately $3,192,653.40. The trade was a 9.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

BETA Technologies Stock Up 2.9%

BETA stock opened at $18.64 on Thursday. BETA Technologies Inc has a 12-month low of $13.43 and a 12-month high of $39.50. The company has a current ratio of 22.77, a quick ratio of 22.77 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $4.12 billion and a price-to-earnings ratio of -1.57. The firm has a fifty day moving average price of $16.76.

BETA Technologies (NYSE:BETAGet Free Report) last posted its quarterly earnings results on Tuesday, May 12th. The company reported ($0.53) earnings per share for the quarter, beating the consensus estimate of ($0.74) by $0.21. The company had revenue of $10.13 million during the quarter. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. Research analysts expect that BETA Technologies Inc will post -2.2 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently commented on BETA. Cantor Fitzgerald decreased their target price on shares of BETA Technologies from $38.00 to $31.00 and set an “overweight” rating for the company in a research report on Wednesday. Jefferies Financial Group dropped their target price on shares of BETA Technologies from $30.00 to $29.00 and set a “buy” rating on the stock in a research note on Tuesday, March 10th. The Goldman Sachs Group dropped their target price on shares of BETA Technologies from $38.00 to $34.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. Citigroup dropped their price target on shares of BETA Technologies from $41.00 to $33.00 and set a “buy” rating on the stock in a research note on Thursday, April 2nd. Finally, Weiss Ratings began coverage on shares of BETA Technologies in a research note on Friday, January 30th. They set a “sell (d-)” rating on the stock. Nine investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, BETA Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $32.78.

Check Out Our Latest Report on BETA

Hedge Funds Weigh In On BETA Technologies

Institutional investors and hedge funds have recently made changes to their positions in the business. Green Alpha Advisors LLC purchased a new stake in BETA Technologies during the 4th quarter valued at $603,000. SG Americas Securities LLC purchased a new position in BETA Technologies during the 4th quarter valued at about $1,386,000. Wolff Wiese Magana LLC purchased a new position in BETA Technologies during the 4th quarter valued at about $42,000. Stratos Wealth Partners LTD. purchased a new position in BETA Technologies in the fourth quarter worth about $360,000. Finally, Capricorn Fund Managers Ltd bought a new position in shares of BETA Technologies in the fourth quarter worth approximately $564,000.

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BETA Technologies Company Profile

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BETA Technologies is an American aerospace company that develops electric vertical takeoff and landing (eVTOL) aircraft and supporting infrastructure. The company focuses on designing aircraft and propulsion systems intended for short-range cargo, logistics and regional passenger movement, emphasizing electric propulsion, battery systems and integrated charging solutions to support distributed operations.

Its product and service set includes aircraft design and development, electric motor and battery integration, charging hardware and software, and flight testing aimed at meeting certification requirements.

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