Insider Selling: BETA Technologies (NYSE:BETA) Insider Sells $197,600.00 in Stock

BETA Technologies Inc (NYSE:BETA) insider Kyle Clark sold 10,000 shares of BETA Technologies stock in a transaction dated Monday, October 26th. The stock was sold at an average price of $19.76, for a total transaction of $197,600.00. Following the completion of the sale, the insider directly owned 5,005,936 shares in the company, valued at approximately $98,917,295.36. This represents a 0.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Friday, October 23rd, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $19.19, for a total transaction of $191,900.00.
• 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 transaction 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 transaction of $181,100.00.
• On Friday, October 16th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $18.51, for a total transaction of $185,100.00.
• On Wednesday, October 14th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were 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 shares were 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 shares were 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 value of $213,000.00.
• On Thursday, October 1st, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $22.00, for a total value of $220,000.00.

BETA Technologies Stock Performance

Shares of BETA opened at $20.63 on Friday. The business has a 50-day moving average of $20.96 and a 200 day moving average of $19.17. BETA Technologies Inc has a fifty-two week low of $13.43 and a fifty-two week high of $39.50. The company has a debt-to-equity ratio of 0.11, a current ratio of 14.47 and a quick ratio of 14.47.

BETA Technologies (NYSE:BETA) last released its quarterly earnings data on Wednesday, August 12th. The company reported ($0.64) EPS for the quarter, missing the consensus estimate of ($0.56) by ($0.08). The business had revenue of $14.66 million for the quarter. BETA Technologies had a negative net margin of 1,913.91% and a negative return on equity of 96.24%. Analysts forecast that BETA Technologies Inc will post -2.25 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Rockefeller Capital Management L.P. bought a new position in shares of BETA Technologies in the fourth quarter worth approximately $35,000. Allworth Financial LP boosted 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 purchasing an additional 1,286 shares in the last quarter. IFP Advisors Inc grew 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 valued at $30,000 after acquiring an additional 1,528 shares during the last quarter. California State Teachers Retirement System purchased a new position in BETA Technologies in the 1st quarter worth $27,000. Finally, Sterling Capital Management LLC lifted its stake in shares of BETA Technologies by 433.0% in the 3rd 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 during the last quarter.

Analyst Ratings Changes

A number of analysts recently issued reports on BETA shares. Wall Street Zen cut BETA Technologies from a “hold” rating to a “sell” rating in a report on Saturday, October 24th. BTIG Research reaffirmed a “buy” rating and set a $33.00 target price on shares of BETA Technologies in a report on Thursday, August 13th. Needham & Company LLC reiterated a “buy” rating and set a $34.00 price target on shares of BETA Technologies in a research report on Wednesday, October 21st. Citigroup reissued a “buy” rating on shares of BETA Technologies in a report on Thursday, August 13th. Finally, Weiss Ratings upgraded shares of BETA Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, September 14th. Ten equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.