BETA Technologies (NYSE:BETA) Insider Sells $438,948.00 in Stock

BETA Technologies Inc (NYSE:BETA) insider Kyle Clark sold 17,800 shares of BETA Technologies stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $24.66, for a total value of $438,948.00. Following the sale, the insider directly owned 5,379,141 shares in the company, valued at $132,649,617.06. This trade represents a 0.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Monday, August 17th, Kyle Clark sold 30,000 shares of BETA Technologies stock. The stock was sold at an average price of $25.08, for a total value of $752,400.00.
• On Thursday, August 13th, Kyle Clark sold 30,000 shares of BETA Technologies stock. The shares were 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 shares were 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 shares were sold at an average price of $24.46, for a total transaction of $415,942.30.
• On Monday, August 10th, Kyle Clark sold 15,891 shares of BETA Technologies stock. The stock was sold at an average price of $24.24, for a total transaction of $385,197.84.
• On Friday, August 7th, Kyle Clark sold 15,000 shares of BETA Technologies stock. The stock was sold at an average price of $23.25, for a total transaction of $348,750.00.
• On Wednesday, July 1st, Kyle Clark sold 15,000 shares of BETA Technologies stock. The shares were sold at an average price of $17.41, for a total transaction of $261,150.00.
• On Monday, June 29th, Kyle Clark sold 15,000 shares of BETA Technologies stock. The shares were sold at an average price of $16.38, for a total transaction of $245,700.00.
• On Friday, June 26th, Kyle Clark sold 15,000 shares of BETA Technologies stock. The shares were sold at an average price of $16.51, for a total transaction of $247,650.00.
• On Wednesday, June 24th, Kyle Clark sold 15,000 shares of BETA Technologies stock. The stock was sold at an average price of $15.83, for a total transaction of $237,450.00.

BETA Technologies Stock Down 3.6%

BETA opened at $25.45 on Friday. The company has a market capitalization of $5.74 billion and a PE ratio of -1.95. The firm has a 50-day simple moving average of $19.24 and a two-hundred day simple moving average of $17.87. The company has a quick ratio of 14.47, a current ratio of 14.47 and a debt-to-equity ratio of 0.11. BETA Technologies Inc has a 52 week low of $13.43 and a 52 week high of $39.50.

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

Institutional Investors Weigh In On BETA Technologies

Several institutional investors have recently modified their holdings of the stock. Sandia Investment Management LP bought a new position in shares of BETA Technologies during the 4th quarter valued at approximately $26,000. California State Teachers Retirement System bought a new stake in BETA Technologies in the first quarter worth $27,000. Rockefeller Capital Management L.P. bought a new stake in BETA Technologies in the fourth quarter worth $35,000. Manchester Capital Management LLC purchased a new position in BETA Technologies during the fourth quarter worth $38,000. Finally, Parallel Advisors LLC boosted its stake 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 during the period.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on BETA shares. Needham & Company LLC reiterated a “buy” rating and set a $34.00 target price on shares of BETA Technologies in a research report on Wednesday, August 12th. Citigroup restated a “buy” rating on shares of BETA Technologies in a research report on Thursday, August 13th. Weiss Ratings downgraded shares of BETA Technologies from a “sell (d)” rating to a “sell (d-)” rating in a research note on Tuesday. BTIG Research reiterated a “buy” rating and set a $33.00 price objective 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 objective 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 given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $31.11.

About BETA Technologies

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.