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 dated Monday, August 17th. The shares were sold at an average price of $25.08, for a total value of $752,400.00. Following the completion of the transaction, the insider owned 5,349,141 shares in the company, valued at approximately $134,156,456.28. The trade was a 0.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• 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 value 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 value of $762,600.00.
• On Wednesday, August 12th, Kyle Clark sold 15,000 shares of BETA Technologies stock. The shares were 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 shares were 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 stock was 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 shares were sold at an average price of $16.38, for a total transaction 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 stock was sold at an average price of $15.83, for a total value of $237,450.00.

BETA Technologies Trading Down 1.2%

Shares of BETA stock opened at $26.44 on Thursday. The company has a market capitalization of $5.96 billion and a P/E ratio of -2.03. The company has a current ratio of 14.47, a quick ratio of 14.47 and a debt-to-equity ratio of 0.11. The business’s 50 day moving average is $19.07 and its two-hundred day moving average is $17.84. BETA Technologies Inc has a twelve month low of $13.43 and a twelve month high of $39.50.

BETA Technologies (NYSE:BETA) last released its quarterly 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). 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 for the quarter. Equities analysts forecast that BETA Technologies Inc will post -2.22 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on BETA shares. BTIG Research reaffirmed a “buy” rating and issued a $33.00 target price on shares of BETA Technologies in a report on Thursday, August 13th. Needham & Company LLC reissued a “buy” rating and set a $34.00 price target on shares of BETA Technologies in a report on Wednesday, August 12th. Citigroup restated a “buy” rating on shares of BETA Technologies in a research report on Thursday, August 13th. Weiss Ratings raised BETA Technologies from a “sell (d-)” rating to a “sell (d)” rating in a report on Tuesday, August 4th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $31.00 target price on shares of BETA Technologies in a research report on Thursday, August 13th. Nine equities 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’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.11.

Hedge Funds Weigh In On BETA Technologies

A number of large investors have recently made changes to their positions in BETA. Parallel Advisors LLC boosted its holdings in BETA Technologies by 26.0% during the first quarter. Parallel Advisors LLC now owns 3,323 shares of the company’s stock worth $49,000 after buying an additional 685 shares in the last quarter. Sandia Investment Management LP purchased a new position in BETA Technologies in the fourth quarter valued at about $26,000. Rockefeller Capital Management L.P. purchased a new position in BETA Technologies in the fourth quarter valued at about $35,000. Manchester Capital Management LLC acquired a new stake in shares of BETA Technologies during the 4th quarter valued at approximately $38,000. Finally, California State Teachers Retirement System acquired a new stake in shares of BETA Technologies during the 1st quarter valued at approximately $27,000.

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.