Insider Selling: BETA Technologies (NYSE:BETA) Insider Sells 17,005 Shares of Stock

BETA Technologies Inc (NYSE:BETA) insider Kyle Clark sold 17,005 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $24.46, for a total value of $415,942.30. Following the completion of the sale, the insider directly owned 5,441,941 shares of the company’s stock, valued at approximately $133,109,876.86. This trade represents a 0.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, August 10th, Kyle Clark sold 15,891 shares of BETA Technologies stock. The shares were 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 shares were sold at an average price of $23.25, for a total value of $348,750.00.
• On Wednesday, July 1st, Kyle Clark sold 15,000 shares of BETA Technologies stock. The shares were sold at an average price of $17.41, for a total value of $261,150.00.
• On Monday, June 29th, Kyle Clark sold 15,000 shares of BETA Technologies stock. The stock was sold at an average price of $16.38, for a total value of $245,700.00.
• On Friday, June 26th, Kyle Clark sold 15,000 shares of BETA Technologies stock. The stock was sold at an average price of $16.51, for a total value of $247,650.00.
• On Wednesday, June 24th, Kyle Clark sold 15,000 shares of BETA Technologies stock. The stock was sold at an average price of $15.83, for a total value of $237,450.00.
• On Monday, June 22nd, Kyle Clark sold 15,000 shares of BETA Technologies stock. The shares were sold at an average price of $15.74, for a total value of $236,100.00.
• On Thursday, June 18th, Kyle Clark sold 15,000 shares of BETA Technologies stock. The shares were sold at an average price of $15.78, for a total value of $236,700.00.
• On Tuesday, June 16th, Kyle Clark sold 15,000 shares of BETA Technologies stock. The shares were sold at an average price of $15.89, for a total value of $238,350.00.

BETA Technologies Stock Up 3.5%

Shares of NYSE BETA traded up $0.84 during mid-day trading on Tuesday, reaching $24.60. The company had a trading volume of 2,618,409 shares, compared to its average volume of 1,486,748. The stock has a fifty day moving average of $17.94 and a two-hundred day moving average of $17.79. The company has a debt-to-equity ratio of 0.10, a quick ratio of 21.37 and a current ratio of 21.36. The company has a market capitalization of $5.47 billion and a price-to-earnings ratio of -1.99. BETA Technologies Inc has a 12-month low of $13.43 and a 12-month high of $39.50.

BETA Technologies (NYSE:BETA) last announced its quarterly earnings data on Tuesday, May 12th. The company reported ($0.53) EPS for the quarter, beating analysts’ consensus estimates of ($0.74) by $0.21. The company had revenue of $10.13 million for the quarter. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. As a group, equities research analysts expect that BETA Technologies Inc will post -2.17 EPS for the current year.

Hedge Funds Weigh In On BETA Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sandia Investment Management LP bought a new position in BETA Technologies during the fourth quarter valued at approximately $26,000. California State Teachers Retirement System bought a new stake in BETA Technologies in the first quarter worth approximately $27,000. Rockefeller Capital Management L.P. bought a new stake in BETA Technologies in the fourth quarter worth approximately $35,000. Manchester Capital Management LLC acquired a new position in shares of BETA Technologies during the 4th quarter worth $38,000. Finally, Parallel Advisors LLC increased its stake in shares of BETA Technologies by 26.0% during the 1st quarter. Parallel Advisors LLC now owns 3,323 shares of the company’s stock worth $49,000 after purchasing an additional 685 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on BETA shares. Cantor Fitzgerald decreased their target price on shares of BETA Technologies from $38.00 to $31.00 and set an “overweight” rating for the company in a research note 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. Needham & Company LLC reiterated a “buy” rating and set a $34.00 price objective on shares of BETA Technologies in a report on Wednesday, May 13th. Weiss Ratings raised BETA Technologies from a “sell (d-)” rating to a “sell (d)” rating in a research report on Tuesday, August 4th. Finally, The Goldman Sachs Group lowered their target price on BETA Technologies from $38.00 to $34.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. Nine research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.