Insider Selling: BETA Technologies (NYSE:BETA) Insider Sells $238,350.00 in Stock

BETA Technologies Inc (NYSE:BETA) insider Kyle Clark sold 15,000 shares of the business’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $15.89, for a total value of $238,350.00. Following the transaction, the insider directly owned 5,704,837 shares of the company’s stock, valued at approximately $90,649,859.93. The trade was a 0.26% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

• 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 transaction of $89,965.80.
• On Thursday, May 7th, Kyle Clark sold 67,296 shares of BETA Technologies stock. The shares were sold at an average price of $18.12, for a total transaction of $1,219,403.52.

BETA Technologies Price Performance

Shares of BETA traded up $0.32 during mid-day trading on Thursday, reaching $16.09. The company had a trading volume of 1,835,121 shares, compared to its average volume of 1,499,876. The company has a market capitalization of $3.58 billion and a price-to-earnings ratio of -1.30. The company has a debt-to-equity ratio of 0.10, a quick ratio of 21.37 and a current ratio of 21.36. The company’s 50 day simple moving average is $16.80 and its 200 day simple moving average is $20.65. BETA Technologies Inc has a 1-year low of $13.43 and a 1-year high of $39.50.

BETA Technologies (NYSE:BETA) last released its quarterly earnings data on Tuesday, May 12th. The company reported ($0.53) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.74) by $0.21. The company had revenue of $10.13 million for the quarter. The firm’s revenue was up 5.2% compared to the same quarter last year. Analysts expect that BETA Technologies Inc will post -2.13 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on BETA shares. Cantor Fitzgerald lowered their price target on shares of BETA Technologies from $38.00 to $31.00 and set an “overweight” rating for the company in a report on Wednesday, May 13th. Morgan Stanley cut their price objective on BETA Technologies from $34.00 to $33.00 and set an “overweight” rating on the stock in a report on Tuesday, March 10th. The Goldman Sachs Group reduced their price objective on BETA Technologies from $38.00 to $34.00 and set a “buy” rating on the stock in a research report on Monday, April 20th. Citigroup lowered their target price on BETA Technologies from $33.00 to $25.00 and set a “buy” rating for the company in a report on Monday, May 18th. Finally, BTIG Research dropped their target price on BETA Technologies from $40.00 to $33.00 and set a “buy” rating for the company in a research report on Wednesday, May 20th. Nine research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, BETA Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $31.11.

Hedge Funds Weigh In On BETA Technologies

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

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.