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

BETA Technologies Inc (NYSE:BETA) insider Kyle Clark sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, October 23rd. The shares were sold at an average price of $19.19, for a total value of $191,900.00. Following the completion of the sale, the insider owned 5,015,936 shares of the company’s stock, valued at $96,255,811.84. This trade represents a 0.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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 stock was 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 stock was sold at an average price of $18.11, for a total value of $181,100.00.
• On Friday, October 16th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $18.51, for a total value of $185,100.00.
• On Wednesday, October 14th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $17.58, for a total value of $175,800.00.
• On Monday, October 12th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $19.91, for a total value of $199,100.00.
• On Friday, October 9th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was 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 stock was 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 shares were 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 shares were sold at an average price of $22.00, for a total transaction of $220,000.00.

BETA Technologies Trading Up 4.5%

Shares of BETA traded up $0.90 during mid-day trading on Tuesday, reaching $20.72. The stock had a trading volume of 1,870,968 shares. BETA Technologies Inc has a 52-week low of $13.43 and a 52-week high of $39.50. The business’s fifty day moving average is $21.21 and its 200 day moving average is $19.25.

BETA Technologies (NYSE:BETA) last posted 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. Sell-side analysts forecast that BETA Technologies Inc will post -2.25 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of BETA. 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. Rockefeller Capital Management L.P. acquired a new position in shares of BETA Technologies in the 4th quarter worth approximately $35,000. Allworth Financial LP lifted its holdings in shares of BETA Technologies by 257.2% in the 2nd quarter. Allworth Financial LP now owns 1,786 shares of the company’s stock worth $30,000 after acquiring an additional 1,286 shares during the last quarter. IFP Advisors Inc boosted 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 period. Finally, California State Teachers Retirement System purchased a new position in shares of BETA Technologies during the 1st quarter worth approximately $27,000.

Analyst Ratings Changes

Several research firms have recently commented on BETA. Needham & Company LLC reaffirmed a “buy” rating and set a $34.00 price target on shares of BETA Technologies in a research report on Wednesday, October 21st. Cantor Fitzgerald reiterated an “overweight” rating and issued a $31.00 price objective on shares of BETA Technologies in a research report on Monday, October 5th. Citigroup reissued a “buy” rating on shares of BETA Technologies in a research note on Thursday, August 13th. Wall Street Zen cut BETA Technologies from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, BTIG Research restated a “buy” rating and issued a $33.00 target price on shares of BETA Technologies in a research report on Thursday, August 13th. Ten investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $31.50.

About BETA Technologies

BETA Technologies is an aerospace company developing electric aircraft and the infrastructure needed to support electric aviation. Founded in 2017 and headquartered in South Burlington, Vermont, the company focuses on zero-emission aircraft for cargo, logistics, passenger, medical and defense applications.

BETA’s aircraft portfolio includes the ALIA electric vertical takeoff and landing (eVTOL) aircraft and the ALIA CTOL fixed-wing aircraft, which is designed for conventional runway operations.