Kyle Clark Sells 30,000 Shares of BETA Technologies (NYSE:BETA) Stock

BETA Technologies Inc (NYSE:BETA) insider Kyle Clark sold 30,000 shares of the stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $26.74, for a total value of $802,200.00. Following the transaction, the insider owned 5,289,141 shares in the company, valued at approximately $141,431,630.34. This trade represents a 0.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Kyle Clark also recently made the following trade(s):

• On Friday, August 21st, Kyle Clark sold 23,205 shares of BETA Technologies stock. The stock was sold at an average price of $25.22, for a total value of $585,230.10.
• On Monday, August 17th, Kyle Clark sold 30,000 shares of BETA Technologies stock. The stock was sold at an average price of $25.08, for a total value of $752,400.00.
• On Friday, August 14th, Kyle Clark sold 17,800 shares of BETA Technologies stock. The shares were sold at an average price of $24.66, for a total transaction of $438,948.00.
• On Thursday, August 13th, Kyle Clark sold 30,000 shares of BETA Technologies stock. The stock was sold at an average price of $25.42, for a total transaction of $762,600.00.
• On Wednesday, August 12th, Kyle Clark sold 15,000 shares of BETA Technologies stock. The stock was sold at an average price of $23.47, for a total transaction of $352,050.00.
• On Tuesday, August 11th, Kyle Clark sold 17,005 shares of BETA Technologies stock. The stock was sold at an average price of $24.46, for a total transaction of $415,942.30.
• On Monday, August 10th, Kyle Clark sold 15,891 shares of BETA Technologies stock. The shares were sold at an average price of $24.24, for a total value of $385,197.84.
• On Friday, August 7th, Kyle Clark sold 15,000 shares of BETA Technologies stock. The shares were sold at an average price of $23.25, for a total value of $348,750.00.
• On Wednesday, July 1st, Kyle Clark sold 15,000 shares of BETA Technologies stock. The shares were sold at an average price of $17.41, for a total transaction of $261,150.00.
• On Monday, June 29th, Kyle Clark sold 15,000 shares of BETA Technologies stock. The shares were sold at an average price of $16.38, for a total transaction of $245,700.00.

BETA Technologies Price Performance

Shares of BETA Technologies stock traded down $0.77 during trading on Friday, reaching $24.71. 1,600,598 shares of the company’s stock were exchanged, compared to its average volume of 1,536,872. The company has a market cap of $5.57 billion and a P/E ratio of -1.90. The company has a debt-to-equity ratio of 0.11, a quick ratio of 14.47 and a current ratio of 14.47. BETA Technologies Inc has a 1-year low of $13.43 and a 1-year high of $39.50. The firm’s 50-day moving average price is $19.24 and its 200 day moving average price is $17.87.

BETA Technologies (NYSE:BETA) last released its quarterly earnings data on Wednesday, August 12th. The company reported ($0.64) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.56) by ($0.08). The company had revenue of $14.66 million for the quarter. BETA Technologies had a negative return on equity of 96.24% and a negative net margin of 1,913.91%. As a group, research analysts anticipate that BETA Technologies Inc will post -2.22 earnings per share for the current year.

Hedge Funds Weigh In On BETA Technologies

Several hedge funds have recently modified their holdings of the company. General Electric Co purchased a new stake in shares of BETA Technologies during the fourth quarter valued at approximately $644,962,000. TPG GP A LLC bought a new stake in BETA Technologies in the 4th quarter valued at about $462,515,000. Amazon Com Inc. bought a new stake in BETA Technologies in the 4th quarter valued at about $331,577,000. Vanguard Group Inc. purchased a new stake in BETA Technologies during the fourth quarter valued at about $77,089,000. Finally, Norges Bank purchased a new stake in shares of BETA Technologies during the 4th quarter valued at approximately $41,485,000.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Cantor Fitzgerald restated an “overweight” rating and issued a $31.00 price target on shares of BETA Technologies in a research report on Thursday, August 13th. Citigroup reaffirmed a “buy” rating on shares of BETA Technologies in a research report on Thursday, August 13th. Needham & Company LLC reissued a “buy” rating and set a $34.00 price objective on shares of BETA Technologies in a report on Wednesday, August 12th. BTIG Research restated a “buy” rating and issued a $33.00 target price on shares of BETA Technologies in a report on Thursday, August 13th. Finally, Weiss Ratings cut BETA Technologies from a “sell (d)” rating to a “sell (d-)” rating in a research report on Tuesday. Nine investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, BETA Technologies currently has an average rating of “Moderate Buy” and an average price target of $31.11.

BETA Technologies Company Profile

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.