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 stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $23.25, for a total transaction of $348,750.00. Following the completion of the transaction, the insider owned 5,474,837 shares in the company, valued at $127,289,960.25. The trade was a 0.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

• 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 transaction of $415,942.30.
• On Monday, August 10th, Kyle Clark sold 15,891 shares of BETA Technologies stock. The stock was sold at an average price of $24.24, for a total value of $385,197.84.
• 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.
• 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 value of $236,100.00.
• 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 value of $236,700.00.
• 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 value of $238,350.00.

BETA Technologies Stock Up 3.5%

BETA stock opened at $24.60 on Wednesday. BETA Technologies Inc has a twelve month low of $13.43 and a twelve month high of $39.50. The company has a quick ratio of 21.37, a current ratio of 21.36 and a debt-to-equity ratio of 0.10. The stock has a market cap of $5.47 billion and a P/E ratio of -1.99. The business’s 50-day moving average price is $18.06 and its 200-day moving average price is $17.78.

BETA Technologies (NYSE:BETA) last announced its quarterly earnings data on Tuesday, May 12th. The company reported ($0.53) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.74) by $0.21. The company had revenue of $10.13 million for the quarter. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. On average, equities research analysts forecast that BETA Technologies Inc will post -2.17 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on BETA. Weiss Ratings raised shares of BETA Technologies from a “sell (d-)” rating to a “sell (d)” rating in a report on Tuesday, August 4th. Cantor Fitzgerald reduced their price objective 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. BTIG Research decreased 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 report on Wednesday, May 20th. The Goldman Sachs Group lowered their target price on shares of BETA Technologies from $38.00 to $34.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. Finally, Citigroup dropped their target price on shares of BETA Technologies from $33.00 to $25.00 and set a “buy” rating for the company in a report on Monday, May 18th. Nine investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, BETA Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $31.11.

Institutional Investors Weigh In On BETA Technologies

Several large investors have recently made changes to their positions in the company. Bank of New York Mellon Corp purchased a new stake in shares of BETA Technologies in the second quarter worth about $2,877,000. Parallel Advisors LLC grew its holdings in BETA Technologies by 26.0% during the 1st quarter. Parallel Advisors LLC now owns 3,323 shares of the company’s stock valued at $49,000 after buying an additional 685 shares in the last quarter. Bank of America Corp DE grew its holdings in BETA Technologies by 117.2% during the 1st quarter. Bank of America Corp DE now owns 348,097 shares of the company’s stock valued at $5,117,000 after buying an additional 187,807 shares in the last quarter. California State Teachers Retirement System bought a new stake in BETA Technologies in the 1st quarter worth approximately $27,000. Finally, Readystate Asset Management LP increased its stake in BETA Technologies by 19.0% in the 1st quarter. Readystate Asset Management LP now owns 25,000 shares of the company’s stock worth $368,000 after acquiring an additional 4,000 shares during the last quarter.

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.