BETA Technologies (NYSE:BETA) Insider Sells $245,700.00 in Stock

BETA Technologies Inc (NYSE:BETA) insider Kyle Clark sold 15,000 shares of BETA Technologies stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $16.38, for a total value of $245,700.00. Following the completion of the sale, the insider owned 5,584,837 shares of the company’s stock, valued at approximately $91,479,630.06. The trade was a 0.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• 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 transaction of $247,650.00.
• On Wednesday, June 24th, Kyle Clark sold 15,000 shares of BETA Technologies stock. The shares were sold at an average price of $15.83, for a total transaction 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 transaction of $236,100.00.
• On Thursday, June 18th, Kyle Clark sold 15,000 shares of BETA Technologies stock. The stock was sold at an average price of $15.78, for a total transaction of $236,700.00.
• On Tuesday, June 16th, Kyle Clark sold 15,000 shares of BETA Technologies stock. The stock was sold at an average price of $15.89, for a total transaction of $238,350.00.
• On Thursday, May 7th, Kyle Clark sold 4,965 shares of BETA Technologies stock. The shares were sold at an average price of $18.12, for a total value of $89,965.80.
• On Thursday, May 7th, Kyle Clark sold 67,296 shares of BETA Technologies stock. The shares were sold at an average price of $18.12, for a total value of $1,219,403.52.

BETA Technologies Stock Down 0.3%

BETA stock opened at $18.05 on Friday. The stock’s 50 day simple moving average is $16.72 and its 200 day simple moving average is $19.63. 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 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 cap of $4.01 billion and a P/E ratio of -1.46.

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 firm had revenue of $10.13 million during the quarter. The firm’s revenue was up 5.2% on a year-over-year basis. On average, research analysts expect that BETA Technologies Inc will post -2.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on BETA. BTIG Research decreased their price target on shares of BETA Technologies from $40.00 to $33.00 and set a “buy” rating for the company in a research note on Wednesday, May 20th. Weiss Ratings upgraded shares of BETA Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 13th. Jefferies Financial Group decreased their target price 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. Citigroup lowered their target price on shares of BETA Technologies from $33.00 to $25.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Finally, Morgan Stanley dropped their price target on shares of BETA Technologies from $34.00 to $33.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 10th. Nine investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, BETA Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $31.11.

Institutional Trading of BETA Technologies

Several institutional investors and hedge funds have recently made changes to their positions in the company. Green Alpha Advisors LLC bought a new position in shares of BETA Technologies during the fourth quarter valued at about $603,000. SG Americas Securities LLC bought a new stake in BETA Technologies in the 4th quarter worth about $1,386,000. Wolff Wiese Magana LLC bought a new stake in BETA Technologies in the 4th quarter worth about $42,000. Stratos Wealth Partners LTD. bought a new stake in BETA Technologies in the 4th quarter worth about $360,000. Finally, Capricorn Fund Managers Ltd purchased a new stake in BETA Technologies in the 4th quarter valued at about $564,000.

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.