BETA Technologies (NYSE:BETA) Insider Sells $226,200.00 in Stock

BETA Technologies Inc (NYSE:BETA) insider Kyle Clark sold 10,000 shares of BETA Technologies stock in a transaction dated Tuesday, September 29th. The stock was sold at an average price of $22.62, for a total value of $226,200.00. Following the sale, the insider directly owned 5,195,936 shares in the company, valued at approximately $117,532,072.32. This trade represents a 0.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• 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 value of $220,000.00.
• On Saturday, September 26th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $23.32, for a total value 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 value of $230,400.00.
• On Friday, August 21st, Kyle Clark sold 23,205 shares of BETA Technologies stock. The shares were sold at an average price of $25.22, for a total value of $585,230.10.
• 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 value of $802,200.00.
• 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 transaction of $752,400.00.
• On Friday, August 14th, Kyle Clark sold 17,800 shares of BETA Technologies stock. The stock was 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.

BETA Technologies Trading Up 1.5%

BETA stock opened at $22.06 on Friday. BETA Technologies Inc has a 1-year low of $13.43 and a 1-year high of $39.50. The firm has a market cap of $4.97 billion and a P/E ratio of -1.69. The business’s 50 day moving average is $22.03 and its 200-day moving average is $18.56. The company has a current ratio of 14.47, a quick ratio of 14.47 and a debt-to-equity ratio of 0.11.

BETA Technologies (NYSE:BETA) last posted its earnings results on Wednesday, August 12th. The company reported ($0.64) EPS for the quarter, missing the consensus estimate 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%. Equities analysts anticipate that BETA Technologies Inc will post -2.25 earnings per share for the current fiscal year.

Institutional Trading of BETA Technologies

Large investors have recently made changes to their positions in the business. TPG GP A LLC bought a new position in shares of BETA Technologies in the fourth quarter valued at about $462,515,000. Amazon Com Inc. bought a new position in shares of BETA Technologies in the fourth quarter worth about $331,577,000. Norges Bank acquired a new position in shares of BETA Technologies during the fourth quarter worth approximately $41,485,000. Masters Capital Management LLC acquired a new position in shares of BETA Technologies during the first quarter worth approximately $10,290,000. Finally, Clearbridge Investments LLC bought a new stake in shares of BETA Technologies during the fourth quarter valued at approximately $18,402,000.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Citigroup reissued a “buy” rating on shares of BETA Technologies in a report on Thursday, August 13th. Needham & Company LLC reiterated a “buy” rating and set a $34.00 target price on shares of BETA Technologies in a research report on Wednesday, August 12th. Cantor Fitzgerald reissued an “overweight” rating and set a $31.00 price target on shares of BETA Technologies in a report on Thursday, August 13th. BTIG Research restated a “buy” rating and issued a $33.00 price target on shares of BETA Technologies in a research report on Thursday, August 13th. Finally, Weiss Ratings upgraded shares of BETA Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, September 14th. Nine equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $31.11.

About BETA Technologies

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.