BETA Technologies (NYSE:BETA) Insider Kyle Clark Sells 15,000 Shares of Stock

BETA Technologies Inc (NYSE:BETA) insider Kyle Clark sold 15,000 shares of the business’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $15.78, for a total transaction of $236,700.00. Following the completion of the transaction, the insider owned 5,674,837 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is available at this link.

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

• On Monday, June 22nd, Kyle Clark sold 15,000 shares of BETA Technologies stock. The stock was sold at an average price of $15.74, for a total transaction 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 value 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 value of $1,219,403.52.

BETA Technologies Price Performance

Shares of NYSE BETA opened at $15.87 on Wednesday. The company has a current ratio of 21.36, a quick ratio of 21.37 and a debt-to-equity ratio of 0.10. The stock has a fifty day simple moving average of $16.77 and a two-hundred day simple moving average of $20.32. BETA Technologies Inc has a 1-year low of $13.43 and a 1-year high of $39.50. The firm has a market cap of $3.53 billion and a price-to-earnings ratio of -1.28.

BETA Technologies (NYSE:BETA) last issued its quarterly earnings results on Tuesday, May 12th. The company reported ($0.53) EPS for the quarter, beating analysts’ consensus estimates of ($0.74) by $0.21. The firm had revenue of $10.13 million for the quarter. The business’s revenue was up 5.2% on a year-over-year basis. Analysts anticipate that BETA Technologies Inc will post -2.13 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on BETA shares. Needham & Company LLC reaffirmed a “buy” rating and set a $34.00 price objective on shares of BETA Technologies in a report on Wednesday, May 13th. Morgan Stanley reduced their target price on shares of BETA Technologies from $34.00 to $33.00 and set an “overweight” rating for the company in a research note on Tuesday, March 10th. Weiss Ratings raised shares of BETA Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 13th. Citigroup dropped their price target on shares of BETA Technologies from $33.00 to $25.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Finally, BTIG Research cut their price objective on shares of BETA Technologies from $40.00 to $33.00 and set a “buy” rating for the company in a report on Wednesday, May 20th. Nine research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $31.11.

Institutional Trading of BETA Technologies

Institutional investors have recently added to or reduced their stakes in the stock. Sandia Investment Management LP purchased a new position in BETA Technologies during the 4th quarter valued at about $26,000. Rockefeller Capital Management L.P. purchased a new stake in shares of BETA Technologies in the fourth quarter worth about $35,000. Manchester Capital Management LLC purchased a new stake in shares of BETA Technologies in the fourth quarter worth about $38,000. Wolff Wiese Magana LLC bought a new position in shares of BETA Technologies in the fourth quarter valued at approximately $42,000. Finally, California State Teachers Retirement System bought a new position in shares of BETA Technologies in the first quarter valued at approximately $27,000.

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.