BETA Technologies Inc (NYSE:BETA – Get Free Report) insider Kyle Clark sold 10,000 shares of BETA Technologies stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $19.91, for a total value of $199,100.00. Following the transaction, the insider directly owned 5,105,936 shares in the company, valued at approximately $101,659,185.76. This trade represents a 0.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Kyle Clark also recently made the following trade(s):
- On Wednesday, October 14th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $17.58, for a total value of $175,800.00.
- On Friday, October 9th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $20.66, for a total transaction of $206,600.00.
- On Wednesday, October 7th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $20.19, for a total transaction of $201,900.00.
- On Monday, October 5th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $21.30, for a total transaction of $213,000.00.
- On Thursday, October 1st, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $22.00, for a total transaction of $220,000.00.
- On Tuesday, September 29th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $22.62, for a total transaction of $226,200.00.
- On Saturday, September 26th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $23.32, for a total transaction of $233,200.00.
- On Thursday, September 24th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $23.04, for a total transaction of $230,400.00.
- 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 transaction of $585,230.10.
- On Wednesday, August 19th, Kyle Clark sold 30,000 shares of BETA Technologies stock. The shares were sold at an average price of $26.74, for a total transaction of $802,200.00.
BETA Technologies Trading Up 6.4%
Shares of NYSE:BETA opened at $18.82 on Friday. The firm has a fifty day moving average of $22.06 and a two-hundred day moving average of $18.87. The company has a debt-to-equity ratio of 0.11, a current ratio of 14.47 and a quick ratio of 14.47. BETA Technologies Inc has a 12-month low of $13.43 and a 12-month high of $39.50.
BETA Technologies (NYSE:BETA – Get Free Report) last posted its quarterly earnings results on Wednesday, August 12th. The company reported ($0.64) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.56) by ($0.08). BETA Technologies had a negative return on equity of 96.24% and a negative net margin of 1,913.91%. The company had revenue of $14.66 million during the quarter. Equities analysts predict that BETA Technologies Inc will post -2.25 earnings per share for the current year.
Institutional Trading of BETA Technologies
Several hedge funds have recently added to or reduced their stakes in BETA. Cliftonlarsonallen Wealth Advisors LLC bought a new position in BETA Technologies in the 3rd quarter worth approximately $2,905,000. Triumph Capital Management acquired a new position in BETA Technologies during the 3rd quarter valued at $308,000. Farther Finance Advisors LLC boosted its holdings in BETA Technologies by 275.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,620 shares of the company’s stock valued at $102,000 after purchasing an additional 3,388 shares during the period. Integrated Wealth Concepts LLC bought a new stake in BETA Technologies in the 2nd quarter valued at $235,000. Finally, IFP Advisors Inc grew its position in BETA Technologies by 555.6% in the 2nd quarter. IFP Advisors Inc now owns 1,803 shares of the company’s stock worth $30,000 after purchasing an additional 1,528 shares during the last quarter.
Analyst Ratings Changes
A number of research firms recently commented on BETA. Citigroup restated a “buy” rating on shares of BETA Technologies in a report on Thursday, August 13th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $31.00 target price on shares of BETA Technologies in a research note on Monday, October 5th. BTIG Research reissued a “buy” rating and issued a $33.00 target price on shares of BETA Technologies in a research report on Thursday, August 13th. Needham & Company LLC reissued a “buy” rating and issued a $34.00 target price on shares of BETA Technologies in a research report on Wednesday, August 12th. Finally, Weiss Ratings upgraded shares of BETA Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, September 14th. Ten research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $31.50.
Read Our Latest Stock Analysis on BETA Technologies
BETA Technologies Company Profile
BETA Technologies is an aerospace company developing electric aircraft and the infrastructure needed to support electric aviation. Founded in 2017 and headquartered in Vermont, the company focuses on designing, certifying and manufacturing electric vertical takeoff and landing (eVTOL) and conventional takeoff and landing (CTOL) aircraft.
Its aircraft family includes the ALIA VTOL and ALIA CTOL models, which are designed for applications such as cargo transport, passenger travel, medical logistics and defense missions.
See Also
- Five stocks we like better than BETA Technologies
- ASML Can’t Keep Up With AI Demand—Why That’s a Good Thing
- Enovix’s 100,000-Battery Drone Order Sets Up a Test of Its Production Plans
- AMD’s Support Could Help Fermi Stock Overcome Its Biggest Hurdle
- Beyond the GPU: Credo Paves the Next AI Data Superhighway
Receive News & Ratings for BETA Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BETA Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
