Insider Selling: BETA Technologies (NYSE:BETA) Insider Sells $213,000.00 in Stock

BETA Technologies Inc (NYSE:BETA) insider Kyle Clark sold 10,000 shares of BETA Technologies stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $21.30, for a total transaction of $213,000.00. Following the completion of the transaction, the insider directly owned 5,155,936 shares in the company, valued at approximately $109,821,436.80. This trade represents a 0.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Thursday, October 1st, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $22.00, for a total transaction of $220,000.00.
• On Tuesday, September 29th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $22.62, for a total transaction of $226,200.00.
• On Saturday, September 26th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $23.32, for a total transaction of $233,200.00.
• On Thursday, September 24th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $23.04, for a total transaction of $230,400.00.
• On Friday, August 21st, Kyle Clark sold 23,205 shares of BETA Technologies stock. The stock was sold at an average price of $25.22, for a total transaction of $585,230.10.
• On Wednesday, August 19th, Kyle Clark sold 30,000 shares of BETA Technologies stock. The shares were sold at an average price of $26.74, for a total transaction of $802,200.00.
• On Monday, August 17th, Kyle Clark sold 30,000 shares of BETA Technologies stock. The shares were sold at an average price of $25.08, for a total value of $752,400.00.
• 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 value 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 value of $762,600.00.
• On Wednesday, August 12th, Kyle Clark sold 15,000 shares of BETA Technologies stock. The shares were sold at an average price of $23.47, for a total value of $352,050.00.

BETA Technologies Stock Up 1.5%

NYSE:BETA opened at $20.55 on Friday. The firm has a market capitalization of $4.63 billion and a price-to-earnings ratio of -1.58. BETA Technologies Inc has a 1-year low of $13.43 and a 1-year 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 business’s fifty day moving average price is $22.26 and its 200 day moving average price is $18.73.

BETA Technologies (NYSE:BETA) last announced 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). BETA Technologies had a negative return on equity of 96.24% and a negative net margin of 1,913.91%.The business had revenue of $14.66 million during the quarter. On average, sell-side analysts forecast that BETA Technologies Inc will post -2.25 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Weiss Ratings upgraded shares of BETA Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, September 14th. BTIG Research reiterated a “buy” rating and issued a $33.00 price objective on shares of BETA Technologies in a research note on Thursday, August 13th. Citigroup reiterated a “buy” rating on shares of BETA Technologies in a research report on Thursday, August 13th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $31.00 target price on shares of BETA Technologies in a research report on Monday. Finally, Needham & Company LLC reissued a “buy” rating and set a $34.00 target price on shares of BETA Technologies in a research note on Wednesday, August 12th. Nine investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.11.

Institutional Investors Weigh In On BETA Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the company. Farther Finance Advisors LLC raised its stake in shares of BETA Technologies by 275.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,620 shares of the company’s stock worth $102,000 after purchasing an additional 3,388 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of BETA Technologies in the 2nd quarter valued at approximately $235,000. IFP Advisors Inc grew its stake in shares of BETA Technologies by 555.6% in the 2nd quarter. IFP Advisors Inc now owns 1,803 shares of the company’s stock valued at $30,000 after buying an additional 1,528 shares in the last quarter. Squarepoint Ops LLC acquired a new position in BETA Technologies in the second quarter worth approximately $2,045,000. Finally, Allworth Financial LP increased its holdings in BETA Technologies by 257.2% in the second quarter. Allworth Financial LP now owns 1,786 shares of the company’s stock worth $30,000 after buying an additional 1,286 shares during the last quarter.

About BETA Technologies

BETA Technologies is an aerospace company developing electric aircraft and the infrastructure needed to support electric aviation. Founded in 2017 and headquartered in Vermont, the company focuses on designing, certifying and manufacturing electric vertical takeoff and landing (eVTOL) and conventional takeoff and landing (CTOL) aircraft.

Its aircraft family includes the ALIA VTOL and ALIA CTOL models, which are designed for applications such as cargo transport, passenger travel, medical logistics and defense missions.