Kyle Clark Sells 15,000 Shares of BETA Technologies (NYSE:BETA) Stock

BETA Technologies Inc (NYSE:BETA) insider Kyle Clark sold 15,000 shares of the stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $15.74, for a total transaction of $236,100.00. Following the sale, the insider directly owned 5,659,837 shares of the company’s stock, valued at $89,085,834.38. The trade was a 0.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• 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 shares were 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 transaction 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 transaction of $1,219,403.52.

BETA Technologies Stock Performance

BETA Technologies stock opened at $15.65 on Thursday. The company has a current ratio of 21.36, a quick ratio of 21.37 and a debt-to-equity ratio of 0.10. The firm has a 50-day moving average of $16.74 and a 200-day moving average of $20.22. The firm has a market cap of $3.48 billion and a P/E ratio of -1.26. BETA Technologies Inc has a 1-year low of $13.43 and a 1-year high of $39.50.

BETA Technologies (NYSE:BETA) last posted its earnings results on Tuesday, May 12th. The company reported ($0.53) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.74) by $0.21. The business had revenue of $10.13 million during the quarter. The company’s revenue was up 5.2% compared to the same quarter last year. Sell-side analysts expect that BETA Technologies Inc will post -2.13 EPS for the current year.

Institutional Trading of BETA Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Sandia Investment Management LP bought a new stake in BETA Technologies during the 4th quarter valued at approximately $26,000. California State Teachers Retirement System bought a new position in shares of BETA Technologies in the 1st quarter worth approximately $27,000. Rockefeller Capital Management L.P. purchased a new position in shares of BETA Technologies in the 4th quarter valued at approximately $35,000. Manchester Capital Management LLC purchased a new position in shares of BETA Technologies in the 4th quarter valued at approximately $38,000. Finally, Wolff Wiese Magana LLC bought a new stake in shares of BETA Technologies during the fourth quarter valued at approximately $42,000.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Cantor Fitzgerald cut their price objective on BETA Technologies from $38.00 to $31.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 13th. BTIG Research decreased their target price on BETA Technologies from $40.00 to $33.00 and set a “buy” rating for the company in a report on Wednesday, May 20th. Weiss Ratings raised BETA Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 13th. The Goldman Sachs Group cut their price target on shares of BETA Technologies from $38.00 to $34.00 and set a “buy” rating on the stock in a report on Monday, April 20th. Finally, Jefferies Financial Group reduced their price objective on shares of BETA Technologies from $30.00 to $29.00 and set a “buy” rating on the stock 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $31.11.

BETA Technologies Company Profile

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.