Axiom Investors LLC DE Takes $2.95 Million Position in BETA Technologies Inc $BETA

Axiom Investors LLC DE acquired a new stake in BETA Technologies Inc (NYSE:BETA) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 104,400 shares of the company’s stock, valued at approximately $2,945,000.

Several other institutional investors and hedge funds also recently made changes to their positions in BETA. LPL Financial LLC acquired a new stake in BETA Technologies during the 4th quarter valued at approximately $372,000. Manchester Capital Management LLC acquired a new stake in BETA Technologies during the 4th quarter valued at approximately $38,000. Clearbridge Investments LLC acquired a new stake in BETA Technologies during the 4th quarter valued at approximately $18,402,000. Telemark Asset Management LLC acquired a new stake in BETA Technologies during the 4th quarter valued at approximately $5,642,000. Finally, Parallel Advisors LLC acquired a new stake in BETA Technologies during the 4th quarter valued at approximately $74,000.

Analysts Set New Price Targets

Several analysts have recently commented on BETA shares. Cantor Fitzgerald reduced their price objective on shares of BETA Technologies from $38.00 to $31.00 and set an “overweight” rating for the company in a research report on Wednesday, May 13th. The Goldman Sachs Group reduced their price objective on shares of BETA Technologies from $38.00 to $34.00 and set a “buy” rating for the company in a research report on Monday, April 20th. Citigroup reduced their price objective on shares of BETA Technologies from $33.00 to $25.00 and set a “buy” rating for the company in a research report on Monday, May 18th. Jefferies Financial Group reduced their price objective on shares of BETA Technologies from $30.00 to $29.00 and set a “buy” rating for the company in a research report on Tuesday, March 10th. Finally, Morgan Stanley reduced their price objective on shares of BETA Technologies from $34.00 to $33.00 and set an “overweight” rating for the company in a research report on Tuesday, March 10th. Nine research 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’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.11.

BETA Technologies Trading Down 5.8%

Shares of BETA Technologies stock opened at $16.54 on Wednesday. BETA Technologies Inc has a 1 year low of $13.43 and a 1 year high of $39.50. The firm has a market cap of $3.68 billion and a PE ratio of -1.34. The stock has a fifty day moving average price of $16.67 and a 200-day moving average price of $21.06. The company has a debt-to-equity ratio of 0.10, a current ratio of 21.36 and a quick ratio of 21.37.

BETA Technologies (NYSE:BETA) last announced its quarterly earnings data on Tuesday, May 12th. The company reported ($0.53) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.74) by $0.21. The firm had revenue of $10.13 million during the quarter. The company’s revenue was up 5.2% compared to the same quarter last year. Equities research analysts anticipate that BETA Technologies Inc will post -2.13 EPS for the current year.

Insider Activity at BETA Technologies

In other BETA Technologies news, Director Michael Robert Stone purchased 17,135 shares of the firm’s stock in a transaction on Tuesday, May 19th. The shares were purchased at an average cost of $14.59 per share, with a total value of $249,999.65. Following the completion of the purchase, the director owned 1,767,049 shares of the company’s stock, valued at $25,781,244.91. The trade was a 0.98% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Kyle Clark sold 67,296 shares of the business’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $18.12, for a total transaction of $1,219,403.52. Following the completion of the sale, the insider directly owned 748,915 shares of the company’s stock, valued at $13,570,339.80. This represents a 8.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 138,928 shares of company stock valued at $2,517,375 in the last ninety days. Insiders own 24.47% of the company’s stock.

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.