BETA Technologies (NYSE:BETA) Insider Kyle Clark Sells 30,000 Shares of Stock

BETA Technologies Inc (NYSE:BETAGet Free Report) insider Kyle Clark sold 30,000 shares of the stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $26.74, for a total transaction of $802,200.00. Following the completion of the transaction, the insider directly owned 5,289,141 shares in the company, valued at $141,431,630.34. The trade was a 0.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • 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 transaction of $585,230.10.
  • 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 stock was 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 value of $415,942.30.
  • On Monday, August 10th, Kyle Clark sold 15,891 shares of BETA Technologies stock. The shares were sold at an average price of $24.24, for a total value 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 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.

BETA Technologies Stock Performance

NYSE: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 stock has a 50 day simple moving average of $19.41 and a 200 day simple moving average of $17.91. 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 Inc has a 1-year low of $13.43 and a 1-year high of $39.50.

BETA Technologies (NYSE:BETAGet Free Report) last issued its quarterly earnings data on Wednesday, August 12th. The company reported ($0.64) EPS for the quarter, missing analysts’ consensus estimates of ($0.56) by ($0.08). BETA Technologies had a negative net margin of 1,913.91% and a negative return on equity of 96.24%. The firm had revenue of $14.66 million during the quarter. Research analysts anticipate that BETA Technologies Inc will post -2.22 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Citigroup restated a “buy” rating on shares of BETA Technologies in a research note on Thursday, August 13th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $31.00 price objective on shares of BETA Technologies in a research note on Thursday, August 13th. Needham & Company LLC reissued a “buy” rating and issued a $34.00 price objective 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, Weiss Ratings lowered shares of BETA Technologies from a “sell (d)” rating to a “sell (d-)” rating in a research report on Tuesday. Nine analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $31.11.

Check Out Our Latest Research Report on BETA

Hedge Funds Weigh In On BETA Technologies

Hedge funds and other institutional investors have recently modified their holdings of the business. Sandia Investment Management LP bought a new stake in shares of BETA Technologies during the 4th quarter worth $26,000. Rockefeller Capital Management L.P. acquired a new stake in BETA Technologies in the fourth quarter valued at about $35,000. Manchester Capital Management LLC bought a new position in BETA Technologies in the fourth quarter valued at about $38,000. California State Teachers Retirement System bought a new position in BETA Technologies in the first quarter valued at about $27,000. Finally, Kestra Advisory Services LLC acquired a new position in BETA Technologies during the fourth quarter worth about $70,000.

About BETA Technologies

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for BETA Technologies (NYSE:BETA)

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