BETA Technologies (NYSE:BETA) Insider Sells $236,100.00 in Stock

BETA Technologies Inc (NYSE:BETA) insider Kyle Clark sold 15,000 shares of the stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $15.74, for a total transaction of $236,100.00. Following the transaction, the insider directly owned 5,659,837 shares in the company, valued at approximately $89,085,834.38. This represents a 0.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Thursday, June 18th, Kyle Clark sold 15,000 shares of BETA Technologies stock. The shares were 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 stock was sold at an average price of $18.12, for a total value 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 value of $1,219,403.52.

BETA Technologies Trading Up 1.7%

Shares of BETA Technologies stock opened at $15.95 on Friday. The stock has a market capitalization of $3.54 billion and a PE ratio of -1.29. BETA Technologies Inc has a 52 week low of $13.43 and a 52 week high of $39.50. The stock has a 50 day moving average price of $16.72 and a two-hundred day moving average price of $20.13. 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 issued its earnings results on Tuesday, May 12th. The company reported ($0.53) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.74) by $0.21. The firm had revenue of $10.13 million for the quarter. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. As a group, equities analysts anticipate that BETA Technologies Inc will post -2.13 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. BTIG Research dropped their price objective on shares of BETA Technologies from $40.00 to $33.00 and set a “buy” rating on the stock in a research note 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. Needham & Company LLC reaffirmed a “buy” rating and set a $34.00 target price on shares of BETA Technologies in a research report on Wednesday, May 13th. Morgan Stanley decreased their price target on BETA Technologies from $34.00 to $33.00 and set an “overweight” rating for the company in a report on Tuesday, March 10th. Finally, Cantor Fitzgerald dropped their price objective on BETA Technologies from $38.00 to $31.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 13th. Nine analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $31.11.

Institutional Investors Weigh In On BETA Technologies

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

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.