BETA Technologies (NYSE:BETA) Insider Kyle Clark Sells 23,205 Shares

BETA Technologies Inc (NYSE:BETA) insider Kyle Clark sold 23,205 shares of the firm’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $25.22, for a total transaction of $585,230.10. Following the completion of the sale, the insider owned 5,235,936 shares of the company’s stock, valued at approximately $132,050,305.92. The trade was a 0.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Wednesday, August 19th, Kyle Clark sold 30,000 shares of BETA Technologies stock. The stock was sold at an average price of $26.74, for a total transaction of $802,200.00.
• On Monday, August 17th, Kyle Clark sold 30,000 shares of BETA Technologies stock. The shares were sold at an average price of $25.08, for a total transaction 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 shares were 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 stock was sold at an average price of $24.24, for a total transaction 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 transaction 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 stock was sold at an average price of $16.38, for a total value of $245,700.00.

BETA Technologies Stock Performance

BETA opened at $24.71 on Friday. The stock 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 current ratio of 14.47 and a quick ratio of 14.47. The stock’s 50 day simple moving average is $19.41 and its 200 day simple moving average is $17.91. BETA Technologies Inc has a 1-year low of $13.43 and a 1-year high of $39.50.

BETA Technologies (NYSE:BETA) last issued its quarterly earnings data on Wednesday, August 12th. The company reported ($0.64) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.56) by ($0.08). The firm 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, equities analysts anticipate that BETA Technologies Inc will post -2.22 EPS for the current fiscal year.

Institutional Trading of BETA Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sandia Investment Management LP acquired a new position in shares of BETA Technologies during the 4th quarter valued at about $26,000. California State Teachers Retirement System purchased a new position in shares of BETA Technologies during the 1st quarter worth about $27,000. Rockefeller Capital Management L.P. acquired a new stake in shares of BETA Technologies in the fourth quarter worth approximately $35,000. Manchester Capital Management LLC acquired a new stake in shares of BETA Technologies in the fourth quarter worth approximately $38,000. Finally, Parallel Advisors LLC grew its holdings in BETA Technologies by 26.0% in the first quarter. Parallel Advisors LLC now owns 3,323 shares of the company’s stock valued at $49,000 after purchasing an additional 685 shares during the period.

Analysts Set New Price Targets

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

About BETA Technologies

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.