BETA Technologies (NYSE:BETA) Insider Kyle Clark Sells 17,800 Shares of Stock

BETA Technologies Inc (NYSE:BETA) insider Kyle Clark sold 17,800 shares of the firm’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $24.66, for a total transaction of $438,948.00. Following the completion of the sale, the insider owned 5,379,141 shares in the company, valued at $132,649,617.06. This represents a 0.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• 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 transaction of $752,400.00.
• On Thursday, August 13th, Kyle Clark sold 30,000 shares of BETA Technologies stock. The shares were 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 value 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 value 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 stock was 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 shares were sold at an average price of $15.83, for a total value of $237,450.00.

BETA Technologies Stock Performance

Shares of NYSE BETA opened at $26.79 on Wednesday. The firm has a market capitalization of $6.04 billion and a price-to-earnings ratio of -2.06. BETA Technologies Inc has a one year low of $13.43 and a one year high of $39.50. The business has a fifty day simple moving average of $18.86 and a 200 day simple moving average of $17.81. The company has a current ratio of 14.47, a quick ratio of 14.47 and a debt-to-equity ratio of 0.11.

BETA Technologies (NYSE:BETA) last posted its quarterly earnings results on Wednesday, August 12th. The company reported ($0.64) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.56) by ($0.08). The business 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%. Sell-side analysts expect that BETA Technologies Inc will post -2.22 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Cantor Fitzgerald reiterated an “overweight” rating and set a $31.00 target price on shares of BETA Technologies in a research report on Thursday, August 13th. Weiss Ratings raised shares of BETA Technologies from a “sell (d-)” rating to a “sell (d)” rating in a research report on Tuesday, August 4th. Citigroup restated a “buy” rating on shares of BETA Technologies in a research note on Thursday, August 13th. Needham & Company LLC reaffirmed a “buy” rating and set a $34.00 price objective on shares of BETA Technologies in a report on Wednesday, August 12th. Finally, 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. Nine analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $31.11.

Institutional Investors Weigh In On BETA Technologies

Several institutional investors and hedge funds have recently made changes to their positions in the company. General Electric Co acquired a new stake in shares of BETA Technologies during the 4th quarter worth about $644,962,000. Vanguard Group Inc. acquired a new position in BETA Technologies in the fourth quarter valued at about $77,089,000. Bank of New York Mellon Corp acquired a new position in BETA Technologies in the first quarter valued at about $1,162,000. Masters Capital Management LLC bought a new stake in BETA Technologies during the first quarter worth about $10,290,000. Finally, Pictet Asset Management Holding SA bought a new stake in BETA Technologies during the fourth quarter worth about $10,896,000.

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.