BETA Technologies (NYSE:BETA) Insider Sells $236,700.00 in Stock

BETA Technologies Inc (NYSE:BETA) insider Kyle Clark sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $15.78, for a total value of $236,700.00. Following the transaction, the insider directly owned 5,674,837 shares in the company, valued at $89,548,927.86. The trade was a 0.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Monday, June 22nd, Kyle Clark sold 15,000 shares of BETA Technologies stock. The shares were sold at an average price of $15.74, for a total value of $236,100.00.
• On Tuesday, June 16th, Kyle Clark sold 15,000 shares of BETA Technologies stock. The stock was sold at an average price of $15.89, for a total transaction of $238,350.00.
• On Thursday, May 7th, Kyle Clark sold 4,965 shares of BETA Technologies stock. The shares were sold at an average price of $18.12, for a total transaction of $89,965.80.
• On Thursday, May 7th, Kyle Clark sold 67,296 shares of BETA Technologies stock. The shares were sold at an average price of $18.12, for a total transaction of $1,219,403.52.

BETA Technologies Price Performance

Shares of BETA opened at $15.95 on Friday. The company’s 50-day moving average is $16.72 and its 200-day moving average is $20.13. The company has a debt-to-equity ratio of 0.10, a current ratio of 21.36 and a quick ratio of 21.37. The firm has a market capitalization of $3.54 billion and a PE ratio of -1.29. 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 Tuesday, May 12th. The company reported ($0.53) EPS for the quarter, topping the consensus estimate of ($0.74) by $0.21. The company had revenue of $10.13 million for the quarter. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. Equities analysts forecast that BETA Technologies Inc will post -2.13 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on BETA. The Goldman Sachs Group lowered their target price on BETA Technologies from $38.00 to $34.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. Cantor Fitzgerald reduced their price target on BETA Technologies from $38.00 to $31.00 and set an “overweight” rating for the company in a research note on Wednesday, May 13th. Jefferies Financial Group decreased their price objective on BETA Technologies from $30.00 to $29.00 and set a “buy” rating on the stock in a report on Tuesday, March 10th. Morgan Stanley lowered their price objective on BETA Technologies from $34.00 to $33.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 10th. Finally, Weiss Ratings raised BETA Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 13th. Nine research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $31.11.

Institutional Investors Weigh In On BETA Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in BETA. Parallel Advisors LLC grew its position 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. Bank of America Corp DE raised its holdings in BETA Technologies by 117.2% in the 1st quarter. Bank of America Corp DE now owns 348,097 shares of the company’s stock valued at $5,117,000 after acquiring an additional 187,807 shares in the last quarter. California State Teachers Retirement System acquired a new position in BETA Technologies in the 1st quarter valued at $27,000. Readystate Asset Management LP lifted its position in shares of BETA Technologies by 19.0% during the 1st quarter. Readystate Asset Management LP now owns 25,000 shares of the company’s stock valued at $368,000 after acquiring an additional 4,000 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its position in shares of BETA Technologies by 246.2% during the 1st quarter. The Manufacturers Life Insurance Company now owns 34,186 shares of the company’s stock valued at $503,000 after acquiring an additional 24,312 shares during the period.

BETA Technologies Company Profile

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.