BETA Technologies (NYSE:BETA) Insider Sells $230,400.00 in Stock

BETA Technologies Inc (NYSE:BETA) insider Kyle Clark sold 10,000 shares of the business’s stock in a transaction dated Thursday, September 24th. The shares were sold at an average price of $23.04, for a total transaction of $230,400.00. Following the sale, the insider directly owned 5,225,936 shares of the company’s stock, valued at approximately $120,405,565.44. This represents a 0.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• 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 transaction of $233,200.00.
• On Friday, August 21st, Kyle Clark sold 23,205 shares of BETA Technologies stock. The stock was sold at an average price of $25.22, for a total transaction 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 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 stock was 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 stock was sold at an average price of $23.47, for a total value 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.

BETA Technologies Price Performance

Shares of BETA traded down $1.04 during midday trading on Monday, reaching $22.81. The stock had a trading volume of 1,926,644 shares, compared to its average volume of 3,864,028. 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 company has a market capitalization of $5.14 billion and a P/E ratio of -1.75. The firm’s 50 day moving average price is $21.75 and its 200-day moving average price is $18.44. BETA Technologies Inc has a 52 week low of $13.43 and a 52 week high of $39.50.

BETA Technologies (NYSE:BETA) last released its earnings results on Wednesday, August 12th. The company reported ($0.64) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $14.66 million for the quarter. On average, analysts forecast that BETA Technologies Inc will post -2.25 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on BETA shares. 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 reissued a “buy” rating and set a $33.00 price objective on shares of BETA Technologies in a research note on Thursday, August 13th. Weiss Ratings upgraded BETA Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, September 14th. Citigroup reaffirmed a “buy” rating on shares of BETA Technologies in a research report on Thursday, August 13th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $31.00 price target on shares of BETA Technologies in a research note on Thursday, August 13th. Nine investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $31.11.

Institutional Investors Weigh In On BETA Technologies

Several institutional investors and hedge funds have recently modified their holdings of BETA. Integrated Wealth Concepts LLC bought a new position in BETA Technologies during the second quarter valued at about $235,000. IFP Advisors Inc lifted its holdings in BETA Technologies by 555.6% in the 2nd quarter. IFP Advisors Inc now owns 1,803 shares of the company’s stock worth $30,000 after purchasing an additional 1,528 shares during the last quarter. Squarepoint Ops LLC bought a new stake in BETA Technologies during the second quarter worth approximately $2,045,000. Allworth Financial LP grew its holdings in BETA Technologies by 257.2% during the second quarter. Allworth Financial LP now owns 1,786 shares of the company’s stock valued at $30,000 after purchasing an additional 1,286 shares during the last quarter. Finally, Arizona State Retirement System bought a new position in shares of BETA Technologies in the second quarter valued at approximately $251,000.

BETA Technologies Company Profile

BETA Technologies is an electric aerospace company based in South Burlington, Vermont. Founded in 2017 by Kyle Clark, the company develops electric aircraft and the supporting infrastructure intended to enable lower-emission regional air transportation.

BETA’s aircraft portfolio includes the ALIA CTOL conventional takeoff and landing aircraft and the ALIA VTOL vertical takeoff and landing aircraft. The company is developing these platforms for applications including cargo transportation, passenger service, medical logistics, and defense operations.