Michael Robert Stone Buys 13,125 Shares of BETA Technologies (NYSE:BETA) Stock

BETA Technologies Inc (NYSE:BETA) Director Michael Stone acquired 13,125 shares of BETA Technologies stock in a transaction that occurred on Wednesday, September 2nd. The shares were purchased at an average cost of $19.19 per share, for a total transaction of $251,868.75. Following the purchase, the director directly owned 1,792,994 shares of the company’s stock, valued at approximately $34,407,554.86. This trade represents a 0.74% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Michael Robert Stone also recently made the following trade(s):

• On Tuesday, September 1st, Michael Stone bought 12,820 shares of BETA Technologies stock. The stock was purchased at an average cost of $19.58 per share, with a total value of $251,015.60.

BETA Technologies Trading Up 6.4%

Shares of BETA opened at $22.14 on Friday. 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 market capitalization of $4.99 billion and a PE ratio of -1.70. The stock has a fifty day moving average of $20.47 and a two-hundred day moving average of $18.16. The company has a debt-to-equity ratio of 0.11, a quick ratio of 14.47 and a current ratio of 14.47.

BETA Technologies (NYSE:BETA) last posted its quarterly earnings data on Wednesday, August 12th. The company reported ($0.64) earnings per share (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 return on equity of 96.24% and a negative net margin of 1,913.91%. As a group, analysts forecast that BETA Technologies Inc will post -2.25 EPS for the current year.

Institutional Trading of BETA Technologies

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

Wall Street Analysts Forecast Growth

Several research firms have commented on BETA. BTIG Research restated a “buy” rating and issued a $33.00 price target on shares of BETA Technologies in a report on Thursday, August 13th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $31.00 price target on shares of BETA Technologies in a research report on Thursday, August 13th. Weiss Ratings lowered shares of BETA Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday. Citigroup reiterated a “buy” rating on shares of BETA Technologies in a report on Thursday, August 13th. Finally, Needham & Company LLC restated a “buy” rating and set a $34.00 price objective on shares of BETA Technologies in a report on Wednesday, August 12th. Nine investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $31.11.

About BETA Technologies

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.