Insider Selling: BETA Technologies (NYSE:BETA) Insider Sells 23,205 Shares

BETA Technologies Inc (NYSE:BETA) insider Kyle Clark sold 23,205 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $25.22, for a total transaction of $585,230.10. Following the sale, the insider directly owned 5,235,936 shares in the company, valued at $132,050,305.92. This trade represents a 0.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Wednesday, August 19th, Kyle Clark sold 30,000 shares of BETA Technologies stock. The shares were sold at an average price of $26.74, for a total transaction of $802,200.00.
• 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 Friday, August 14th, Kyle Clark sold 17,800 shares of BETA Technologies stock. The shares were sold at an average price of $24.66, for a total transaction of $438,948.00.
• On Thursday, August 13th, Kyle Clark sold 30,000 shares of BETA Technologies stock. The stock was 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 transaction 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 transaction 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 transaction 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 shares were sold at an average price of $16.38, for a total transaction of $245,700.00.

BETA Technologies Price Performance

Shares of BETA traded down $0.77 during trading hours on Friday, reaching $24.71. The stock had a trading volume of 1,600,598 shares, compared to its average volume of 1,536,872. The company’s 50-day moving average is $19.24 and its two-hundred day moving average is $17.87. The stock has a market capitalization of $5.57 billion and a PE ratio of -1.90. BETA Technologies Inc has a 12 month low of $13.43 and a 12 month high of $39.50. The company has a debt-to-equity ratio of 0.11, a quick ratio of 14.47 and a current ratio of 14.47.

BETA Technologies (NYSE:BETA) last posted its 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). BETA Technologies had a negative return on equity of 96.24% and a negative net margin of 1,913.91%.The business had revenue of $14.66 million for the quarter. Research analysts expect that BETA Technologies Inc will post -2.22 EPS for the current year.

Institutional Trading of BETA Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the business. Sandia Investment Management LP bought a new stake in BETA Technologies during the fourth quarter worth $26,000. Rockefeller Capital Management L.P. bought a new stake in shares of BETA Technologies during the 4th quarter worth $35,000. Manchester Capital Management LLC bought a new position in BETA Technologies during the fourth quarter valued at about $38,000. California State Teachers Retirement System purchased a new stake in BETA Technologies during the first quarter worth about $27,000. Finally, Kestra Advisory Services LLC bought a new stake in BETA Technologies in the fourth quarter worth about $70,000.

Wall Street Analyst Weigh In

BETA has been the subject of several research analyst reports. 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. Needham & Company LLC restated a “buy” rating and issued a $34.00 target price on shares of BETA Technologies in a report on Wednesday, August 12th. Weiss Ratings cut BETA Technologies from a “sell (d)” rating to a “sell (d-)” rating in a research report on Tuesday. Citigroup reissued a “buy” rating on shares of BETA Technologies in a research report on Thursday, August 13th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $31.00 price objective on shares of BETA Technologies in a research note on Thursday, August 13th. Nine investment 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’s stock. According to MarketBeat.com, BETA Technologies presently has an average rating of “Moderate Buy” and an average price target 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.