BETA Technologies Inc (NYSE:BETA – Get Free Report) insider Kyle Clark sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 11th. The shares were sold at an average price of $28.34, for a total value of $283,400.00. Following the completion of the transaction, the insider directly owned 4,885,936 shares of the company’s stock, valued at $138,467,426.24. This trade represents a 0.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Kyle Clark also recently made the following trade(s):
- On Monday, November 9th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $28.05, for a total transaction of $280,500.00.
- On Friday, November 6th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $26.39, for a total transaction of $263,900.00.
- On Wednesday, November 4th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $24.90, for a total transaction of $249,000.00.
- On Monday, November 2nd, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $20.69, for a total transaction of $206,900.00.
- On Friday, October 30th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $19.92, for a total transaction of $199,200.00.
- On Wednesday, October 28th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $20.24, for a total value of $202,400.00.
- On Friday, October 23rd, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $19.19, for a total value of $191,900.00.
- On Monday, October 26th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $19.76, for a total value of $197,600.00.
- On Wednesday, October 21st, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $19.06, for a total value of $190,600.00.
- On Monday, October 19th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $18.11, for a total value of $181,100.00.
BETA Technologies Stock Performance
Shares of BETA stock traded down $1.03 during trading hours on Thursday, hitting $26.68. The stock had a trading volume of 373,876 shares, compared to its average volume of 1,826,635. The firm has a market capitalization of $6.04 billion and a PE ratio of -7.18. BETA Technologies Inc has a twelve month low of $13.43 and a twelve month high of $36.43. The stock’s 50 day moving average is $21.45 and its 200 day moving average is $19.08. The company has a debt-to-equity ratio of 0.11, a current ratio of 11.51 and a quick ratio of 11.51.
BETA Technologies (NYSE:BETA – Get Free Report) last announced its earnings results on Tuesday, November 3rd. The company reported ($0.51) EPS for the quarter, beating analysts’ consensus estimates of ($0.54) by $0.03. The business had revenue of $17.67 million for the quarter. BETA Technologies had a negative net margin of 1,007.80% and a negative return on equity of 32.36%. The business’s revenue was up 98.6% compared to the same quarter last year. During the same period in the previous year, the firm earned ($9.83) earnings per share. As a group, research analysts forecast that BETA Technologies Inc will post -2.22 earnings per share for the current fiscal year.
Hedge Funds Weigh In On BETA Technologies
A number of large investors have recently bought and sold shares of the company. Parallel Advisors LLC boosted its holdings in BETA Technologies by 26.0% in the 1st quarter. Parallel Advisors LLC now owns 3,323 shares of the company’s stock valued at $49,000 after purchasing an additional 685 shares in the last quarter. Allworth Financial LP grew its holdings in BETA Technologies by 257.2% in 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. IFP Advisors Inc raised its position in BETA Technologies by 555.6% during the second quarter. IFP Advisors Inc now owns 1,803 shares of the company’s stock worth $30,000 after acquiring an additional 1,528 shares during the last quarter. California State Teachers Retirement System purchased a new stake in BETA Technologies in the 1st quarter valued at approximately $27,000. Finally, Sterling Capital Management LLC lifted its position in shares of BETA Technologies by 433.0% in the third quarter. Sterling Capital Management LLC now owns 2,761 shares of the company’s stock valued at $61,000 after acquiring an additional 2,243 shares in the last quarter.
Wall Street Analysts Forecast Growth
BETA has been the subject of several recent research reports. Wall Street Zen upgraded shares of BETA Technologies from a “sell” rating to a “hold” rating in a research note on Sunday, November 1st. Jefferies Financial Group cut BETA Technologies from a “buy” rating to a “hold” rating and dropped their price target for the company from $29.00 to $27.00 in a research report on Monday. Cantor Fitzgerald restated an “overweight” rating and issued a $31.00 price target on shares of BETA Technologies in a research report on Wednesday, November 4th. Weiss Ratings raised BETA Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, September 14th. Finally, Citigroup reaffirmed a “buy” rating 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, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $30.70.
Check Out Our Latest Stock Report on BETA Technologies
BETA Technologies Company Profile
BETA Technologies is an aerospace company that develops electric aircraft, electric propulsion systems and supporting charging infrastructure. Founded in 2017 by pilot and engineer Kyle Clark, the company is based in South Burlington, Vermont, and Clark serves as its chief executive officer. Its aircraft include the ALIA-250, designed for vertical takeoff and landing, and the CX300, a conventional takeoff-and-landing electric aircraft. BETA is developing these platforms for applications such as cargo transport, medical logistics and defense, with an emphasis on quieter, lower-emission flight.
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