BETA Technologies (NYSE:BETA) Insider Kyle Clark Sells 30,000 Shares of Stock

BETA Technologies Inc (NYSE:BETA) insider Kyle Clark sold 30,000 shares of BETA Technologies stock in a transaction on Monday, August 17th. The shares were sold at an average price of $25.08, for a total transaction of $752,400.00. Following the completion of the transaction, the insider owned 5,349,141 shares in the company, valued at approximately $134,156,456.28. This trade represents a 0.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• 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 transaction of $438,948.00.
• On Thursday, August 13th, Kyle Clark sold 30,000 shares of BETA Technologies stock. The stock was sold at an average price of $25.42, for a total transaction of $762,600.00.
• On Wednesday, August 12th, Kyle Clark sold 15,000 shares of BETA Technologies stock. The stock was sold at an average price of $23.47, for a total transaction 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 transaction of $415,942.30.
• 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 stock was 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 shares were 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 shares were 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 transaction of $237,450.00.

BETA Technologies Trading Up 4.7%

Shares of BETA opened at $26.79 on Wednesday. BETA Technologies Inc has a twelve month low of $13.43 and a twelve month high of $39.50. The company has a current ratio of 14.47, a quick ratio of 14.47 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $6.04 billion and a P/E ratio of -2.06. The firm’s 50-day moving average is $18.86 and its two-hundred day moving average is $17.81.

BETA Technologies (NYSE:BETA) last announced its quarterly earnings results on Wednesday, August 12th. The company reported ($0.64) EPS for the quarter, missing the consensus estimate of ($0.56) by ($0.08). The firm 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%. On average, research analysts predict that BETA Technologies Inc will post -2.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BETA has been the subject of several research reports. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $31.00 price target on shares of BETA Technologies in a research note on Thursday, August 13th. Weiss Ratings raised shares of BETA Technologies from a “sell (d-)” rating to a “sell (d)” rating in a report on Tuesday, August 4th. Needham & Company LLC reissued a “buy” rating and set a $34.00 price objective on shares of BETA Technologies in a research note on Wednesday, August 12th. Citigroup restated a “buy” rating on shares of BETA Technologies in a research report on Thursday, August 13th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $33.00 target price on shares of BETA Technologies in a research note on Thursday, August 13th. Nine equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $31.11.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in BETA. Sandia Investment Management LP purchased a new stake in BETA Technologies during the fourth quarter worth approximately $26,000. California State Teachers Retirement System acquired a new stake in shares of BETA Technologies in the first quarter valued at about $27,000. Rockefeller Capital Management L.P. purchased a new stake in shares of BETA Technologies during the 4th quarter valued at about $35,000. Manchester Capital Management LLC purchased a new stake in shares of BETA Technologies during the 4th quarter valued at about $38,000. Finally, Parallel Advisors LLC lifted its position in 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 acquiring an additional 685 shares in the last quarter.

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.