BETA Technologies (NYSE:BETA) Insider Sells $181,100.00 in Stock

BETA Technologies Inc (NYSE:BETA) insider Kyle Clark sold 10,000 shares of the firm’s stock in a transaction dated Monday, October 19th. The stock was sold at an average price of $18.11, for a total transaction of $181,100.00. Following the completion of the transaction, the insider owned 5,055,936 shares in the company, valued at approximately $91,563,000.96. The trade was a 0.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• 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 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 transaction 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 stock was sold at an average price of $20.66, for a total transaction 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 transaction 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 shares were sold at an average price of $22.00, for a total transaction of $220,000.00.
• On Tuesday, September 29th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $22.62, for a total value of $226,200.00.
• On Saturday, September 26th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $23.32, for a total value of $233,200.00.
• On Thursday, September 24th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $23.04, for a total transaction of $230,400.00.

BETA Technologies Stock Up 0.1%

BETA Technologies stock traded up $0.01 during mid-day trading on Monday, hitting $18.04. 1,003,254 shares of the company’s stock were exchanged, compared to its average volume of 2,196,497. BETA Technologies Inc has a 1-year low of $13.43 and a 1-year high of $39.50. The stock has a 50 day moving average of $21.83 and a two-hundred day moving average of $18.93. The company has a current ratio of 14.47, a quick ratio of 14.47 and a debt-to-equity ratio of 0.11. The stock has a market cap of $4.07 billion and a P/E ratio of -1.39.

BETA Technologies (NYSE:BETA) last posted its quarterly earnings data 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). BETA Technologies had a negative return on equity of 96.24% and a negative net margin of 1,913.91%. The business had revenue of $14.66 million for the quarter. As a group, analysts anticipate that BETA Technologies Inc will post -2.25 EPS for the current fiscal year.

Hedge Funds Weigh In On BETA Technologies

Large investors have recently made changes to their positions in the company. Masters Capital Management LLC bought a new stake in shares of BETA Technologies during the 1st quarter valued at $10,290,000. Bank of America Corp DE boosted its position in shares of BETA Technologies by 117.2% in the 1st quarter. Bank of America Corp DE now owns 348,097 shares of the company’s stock worth $5,117,000 after purchasing an additional 187,807 shares during the last quarter. Bank of New York Mellon Corp bought a new position in shares of BETA Technologies in the 2nd quarter worth $2,877,000. Cliftonlarsonallen Wealth Advisors LLC acquired a new stake in shares of BETA Technologies during the third quarter worth $2,905,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of BETA Technologies during the second quarter worth $2,045,000.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BETA. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $31.00 price objective on shares of BETA Technologies in a report on Monday, October 5th. Weiss Ratings upgraded BETA Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, September 14th. Barclays started coverage on BETA Technologies in a research note on Friday, October 9th. They issued an “overweight” rating and a $35.00 price objective on the stock. Citigroup restated a “buy” rating on shares of BETA Technologies in a report on Thursday, August 13th. Finally, BTIG Research reiterated a “buy” rating and set a $33.00 price target on shares of BETA Technologies in a research report on Thursday, August 13th. Ten analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, BETA Technologies has a consensus 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 Vermont, the company focuses on designing, certifying and manufacturing electric vertical takeoff and landing (eVTOL) and conventional takeoff and landing (CTOL) aircraft.

Its aircraft family includes the ALIA VTOL and ALIA CTOL models, which are designed for applications such as cargo transport, passenger travel, medical logistics and defense missions.