BETA Technologies (NYSE:BETA) Insider Kyle Clark Sells 15,891 Shares of Stock

BETA Technologies Inc (NYSE:BETA) insider Kyle Clark sold 15,891 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $24.24, for a total transaction of $385,197.84. Following the sale, the insider owned 5,458,946 shares in the company, valued at approximately $132,324,851.04. This trade represents a 0.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• 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 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 stock was sold at an average price of $17.41, for a total value of $261,150.00.
• On Monday, June 29th, Kyle Clark sold 15,000 shares of BETA Technologies stock. The stock was sold at an average price of $16.38, for a total value of $245,700.00.
• On Friday, June 26th, Kyle Clark sold 15,000 shares of BETA Technologies stock. The stock was sold at an average price of $16.51, for a total value of $247,650.00.
• On Wednesday, June 24th, Kyle Clark sold 15,000 shares of BETA Technologies stock. The shares were sold at an average price of $15.83, for a total value of $237,450.00.
• On Monday, June 22nd, Kyle Clark sold 15,000 shares of BETA Technologies stock. The shares were sold at an average price of $15.74, for a total value of $236,100.00.
• On Thursday, June 18th, Kyle Clark sold 15,000 shares of BETA Technologies stock. The stock was sold at an average price of $15.78, for a total value of $236,700.00.
• On Tuesday, June 16th, Kyle Clark sold 15,000 shares of BETA Technologies stock. The stock was sold at an average price of $15.89, for a total value of $238,350.00.

BETA Technologies Stock Up 3.5%

Shares of NYSE:BETA opened at $24.60 on Wednesday. The company has a current ratio of 21.36, a quick ratio of 21.37 and a debt-to-equity ratio of 0.10. The firm has a market cap of $5.47 billion and a price-to-earnings ratio of -1.99. The stock’s 50-day moving average price is $18.06 and its two-hundred day moving average price is $17.78. BETA Technologies Inc has a 12-month low of $13.43 and a 12-month high of $39.50.

BETA Technologies (NYSE:BETA) last posted its quarterly earnings data on Tuesday, May 12th. The company reported ($0.53) EPS for the quarter, beating analysts’ consensus estimates of ($0.74) by $0.21. The company had revenue of $10.13 million for the quarter. BETA Technologies’s quarterly revenue was up 5.2% on a year-over-year basis. On average, research analysts forecast that BETA Technologies Inc will post -2.17 EPS for the current year.

Institutional Investors Weigh In On BETA Technologies

Institutional investors have recently bought and sold shares of the business. Stratos Wealth Partners LTD. acquired a new stake in shares of BETA Technologies in the fourth quarter worth $360,000. Massachusetts Financial Services Co. MA purchased a new stake in BETA Technologies during the 4th quarter worth $6,349,000. Liberty Street Advisors Inc. purchased a new stake in BETA Technologies during the 4th quarter worth $28,187,000. Clean Yield Group acquired a new stake in BETA Technologies in the 4th quarter valued at $235,000. Finally, Vanguard Group Inc. acquired a new stake in BETA Technologies in the 4th quarter valued at $77,089,000.

Analyst Ratings Changes

BETA has been the subject of a number of recent analyst reports. Weiss Ratings upgraded shares of BETA Technologies from a “sell (d-)” rating to a “sell (d)” rating in a report on Tuesday, August 4th. The Goldman Sachs Group cut their price target 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 decreased their price target on shares of BETA Technologies from $33.00 to $25.00 and set a “buy” rating on the stock in a report on Monday, May 18th. BTIG Research lowered their price objective on shares of BETA Technologies from $40.00 to $33.00 and set a “buy” rating for the company in a research note on Wednesday, May 20th. Finally, Cantor Fitzgerald dropped their price objective on BETA Technologies from $38.00 to $31.00 and set an “overweight” rating for the company in a report on Wednesday, May 13th. Nine analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, BETA Technologies currently has a consensus rating of “Moderate Buy” and an average target price 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.