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

BETA Technologies Inc (NYSE:BETA) insider Kyle Clark sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $15.78, for a total value of $236,700.00. Following the transaction, the insider owned 5,674,837 shares of the company’s stock, valued at approximately $89,548,927.86. This trade represents a 0.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Monday, June 22nd, Kyle Clark sold 15,000 shares of BETA Technologies stock. The stock was sold at an average price of $15.74, for a total transaction of $236,100.00.
• 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 transaction of $89,965.80.
• On Thursday, May 7th, Kyle Clark sold 67,296 shares of BETA Technologies stock. The stock was sold at an average price of $18.12, for a total transaction of $1,219,403.52.

BETA Technologies Price Performance

Shares of NYSE BETA traded up $0.14 during midday trading on Tuesday, reaching $15.87. The stock had a trading volume of 1,429,792 shares, compared to its average volume of 1,500,025. The company has a market capitalization of $3.53 billion and a price-to-earnings ratio of -1.28. BETA Technologies Inc has a 12-month low of $13.43 and a 12-month high of $39.50. The stock has a 50-day moving average of $16.78 and a 200-day moving average of $20.41. The company has a debt-to-equity ratio of 0.10, a quick ratio of 21.37 and a current ratio of 21.36.

BETA Technologies (NYSE:BETA) last released its earnings results on Tuesday, May 12th. The company reported ($0.53) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.74) by $0.21. The firm had revenue of $10.13 million for the quarter. The business’s revenue was up 5.2% on a year-over-year basis. As a group, research analysts anticipate that BETA Technologies Inc will post -2.13 EPS for the current fiscal year.

Institutional Trading of BETA Technologies

Hedge funds have recently modified their holdings of the company. Sandia Investment Management LP bought a new position in shares of BETA Technologies during the 4th quarter valued at approximately $26,000. California State Teachers Retirement System bought a new stake in BETA Technologies in the first quarter worth $27,000. Rockefeller Capital Management L.P. purchased a new stake in BETA Technologies during the fourth quarter valued at $35,000. Manchester Capital Management LLC bought a new position in BETA Technologies during the fourth quarter valued at $38,000. Finally, Wolff Wiese Magana LLC bought a new position in BETA Technologies during the fourth quarter valued at $42,000.

Wall Street Analyst Weigh In

BETA has been the topic of several recent analyst reports. The Goldman Sachs Group decreased their target price on BETA Technologies from $38.00 to $34.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. Needham & Company LLC reiterated a “buy” rating and set a $34.00 price objective on shares of BETA Technologies in a research report on Wednesday, May 13th. Jefferies Financial Group lowered their target price on shares of BETA Technologies from $30.00 to $29.00 and set a “buy” rating on the stock in a report on Tuesday, March 10th. Weiss Ratings upgraded shares of BETA Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 13th. Finally, Cantor Fitzgerald cut their target price on shares of BETA Technologies from $38.00 to $31.00 and set an “overweight” rating for the company in a research note on Wednesday, May 13th. Nine equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, BETA Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.11.

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.