BETA Technologies (NYSE:BETA) Insider Kyle Clark Sells 10,000 Shares of Stock

BETA Technologies Inc (NYSE:BETA) insider Kyle Clark sold 10,000 shares of the stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $19.91, for a total value of $199,100.00. Following the transaction, the insider directly owned 5,105,936 shares in the company, valued at approximately $101,659,185.76. The trade was a 0.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Wednesday, October 14th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $17.58, for a total value of $175,800.00.
• On Friday, October 9th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $20.66, for a total value of $206,600.00.
• On Wednesday, October 7th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $20.19, for a total value of $201,900.00.
• On Monday, October 5th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $21.30, for a total transaction of $213,000.00.
• On Thursday, October 1st, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $22.00, for a total transaction of $220,000.00.
• On Tuesday, September 29th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $22.62, for a total transaction of $226,200.00.
• 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 transaction 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 transaction 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 transaction of $585,230.10.
• On Wednesday, August 19th, Kyle Clark sold 30,000 shares of BETA Technologies stock. The shares were sold at an average price of $26.74, for a total transaction of $802,200.00.

BETA Technologies Trading Down 3.0%

Shares of BETA stock opened at $17.66 on Thursday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 14.47 and a current ratio of 14.47. The stock has a market capitalization of $3.98 billion and a P/E ratio of -1.36. The company has a 50 day moving average price of $22.14 and a 200 day moving average price of $18.84. BETA Technologies Inc has a fifty-two week low of $13.43 and a fifty-two week high of $39.50.

BETA Technologies (NYSE:BETA) last announced its earnings results on Wednesday, August 12th. The company reported ($0.64) earnings per share for the quarter, missing the consensus estimate of ($0.56) by ($0.08). The business 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 research analysts predict that BETA Technologies Inc will post -2.25 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $34.00 price objective on shares of BETA Technologies in a research report on Wednesday, August 12th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $31.00 price objective on shares of BETA Technologies in a research note on Monday, October 5th. Weiss Ratings upgraded BETA Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, September 14th. Citigroup reiterated a “buy” rating on shares of BETA Technologies in a report on Thursday, August 13th. Finally, Barclays assumed coverage on BETA Technologies in a research note on Friday, October 9th. They set an “overweight” rating and a $35.00 target price for the company. Ten investment 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. Based on data from MarketBeat.com, BETA Technologies currently has an average rating of “Moderate Buy” and an average price target of $31.50.

Institutional Trading of BETA Technologies

Hedge funds have recently added to or reduced their stakes in the company. Cliftonlarsonallen Wealth Advisors LLC purchased a new stake in shares of BETA Technologies in the 3rd quarter valued at approximately $2,905,000. Triumph Capital Management acquired a new stake in shares of BETA Technologies in the 3rd quarter valued at $308,000. Farther Finance Advisors LLC raised its holdings in shares of BETA Technologies by 275.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,620 shares of the company’s stock valued at $102,000 after purchasing an additional 3,388 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of BETA Technologies during the 2nd quarter worth $235,000. Finally, IFP Advisors Inc lifted its position in shares of BETA Technologies by 555.6% during 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.

BETA Technologies Company Profile

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.