BETA Technologies (NYSE:BETA) Insider Sells $802,200.00 in Stock

BETA Technologies Inc (NYSE:BETA) insider Kyle Clark sold 30,000 shares of the business’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $26.74, for a total transaction of $802,200.00. Following the completion of the transaction, the insider owned 5,289,141 shares of the company’s stock, valued at approximately $141,431,630.34. This trade represents a 0.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Friday, August 21st, Kyle Clark sold 23,205 shares of BETA Technologies stock. The shares were sold at an average price of $25.22, for a total value of $585,230.10.
• 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 Friday, August 14th, Kyle Clark sold 17,800 shares of BETA Technologies stock. The stock was sold at an average price of $24.66, for a total value of $438,948.00.
• 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 value 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 value 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 value 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 value 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 stock was 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.

BETA Technologies Stock Down 0.1%

Shares of BETA Technologies stock opened at $24.71 on Monday. BETA Technologies Inc has a 52-week low of $13.43 and a 52-week high of $39.50. The company has a 50 day moving average of $19.41 and a 200 day moving average of $17.90. The company has a quick ratio of 14.47, a current ratio of 14.47 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $5.57 billion and a P/E ratio of -1.90.

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

Institutional Investors Weigh In On BETA Technologies

Hedge funds have recently modified their holdings of the stock. General Electric Co purchased a new position in BETA Technologies during the 4th quarter worth $644,962,000. TPG GP A LLC acquired a new stake in shares of BETA Technologies in the 4th quarter worth $462,515,000. Amazon Com Inc. purchased a new stake in shares of BETA Technologies in the fourth quarter valued at about $331,577,000. Vanguard Group Inc. purchased a new stake in shares of BETA Technologies in the fourth quarter valued at about $77,089,000. Finally, Norges Bank acquired a new position in shares of BETA Technologies during the fourth quarter worth about $41,485,000.

Analyst Ratings Changes

A number of brokerages have issued reports on BETA. BTIG Research reaffirmed a “buy” rating and set a $33.00 price target on shares of BETA Technologies in a report on Thursday, August 13th. Weiss Ratings cut BETA Technologies from a “sell (d)” rating to a “sell (d-)” rating in a research note on Tuesday, August 18th. Needham & Company LLC reaffirmed a “buy” rating and issued a $34.00 price target on shares of BETA Technologies in a report on Wednesday, August 12th. Citigroup reiterated a “buy” rating on shares of BETA Technologies in a research note on Thursday, August 13th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $31.00 price objective on shares of BETA Technologies in a report on Thursday, August 13th. Nine 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. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $31.11.

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.