BETA Technologies (NYSE:BETA) Insider Kyle Clark Sells 10,000 Shares of Company Stock

BETA Technologies Inc (NYSE:BETA) insider Kyle Clark sold 10,000 shares of BETA Technologies stock in a transaction on Monday, October 5th. The shares were sold at an average price of $21.30, for a total value of $213,000.00. Following the completion of the sale, the insider directly owned 5,155,936 shares of the company’s stock, valued at $109,821,436.80. This trade represents a 0.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Thursday, October 1st, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $22.00, for a total transaction of $220,000.00.
• On Tuesday, September 29th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $22.62, for a total transaction of $226,200.00.
• On Saturday, September 26th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $23.32, for a total transaction of $233,200.00.
• On Thursday, September 24th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $23.04, for a total transaction of $230,400.00.
• On Friday, August 21st, Kyle Clark sold 23,205 shares of BETA Technologies stock. The shares were sold at an average price of $25.22, for a total transaction of $585,230.10.
• On Wednesday, August 19th, Kyle Clark sold 30,000 shares of BETA Technologies stock. The stock was sold at an average price of $26.74, for a total value of $802,200.00.
• On Monday, August 17th, Kyle Clark sold 30,000 shares of BETA Technologies stock. The stock was sold at an average price of $25.08, for a total value 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 value 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 value of $762,600.00.
• On Wednesday, August 12th, Kyle Clark sold 15,000 shares of BETA Technologies stock. The shares were sold at an average price of $23.47, for a total value of $352,050.00.

BETA Technologies Stock Up 0.8%

Shares of BETA stock traded up $0.17 on Tuesday, hitting $20.88. The stock had a trading volume of 1,499,098 shares, compared to its average volume of 3,936,631. The company has a debt-to-equity ratio of 0.11, a current ratio of 14.47 and a quick ratio of 14.47. BETA Technologies Inc has a twelve month low of $13.43 and a twelve month high of $39.50. The company has a fifty day moving average price of $22.14 and a two-hundred day moving average price of $18.65.

BETA Technologies (NYSE:BETA) last announced its quarterly earnings results on Wednesday, August 12th. The company reported ($0.64) earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter. As a group, research analysts expect that BETA Technologies Inc will post -2.25 earnings per share for the current year.

Institutional Investors Weigh In On BETA Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the company. Integrated Wealth Concepts LLC bought a new position in BETA Technologies during the second quarter worth about $235,000. IFP Advisors Inc raised its stake in BETA Technologies by 555.6% in the second quarter. IFP Advisors Inc now owns 1,803 shares of the company’s stock valued at $30,000 after buying an additional 1,528 shares during the period. Squarepoint Ops LLC bought a new stake in BETA Technologies in the second quarter valued at approximately $2,045,000. Allworth Financial LP lifted its position in shares of BETA Technologies by 257.2% in the second quarter. Allworth Financial LP now owns 1,786 shares of the company’s stock valued at $30,000 after buying an additional 1,286 shares during the last quarter. Finally, Arizona State Retirement System bought a new position in shares of BETA Technologies during the 2nd quarter worth approximately $251,000.

Analysts Set New Price Targets

Several analysts have issued reports on BETA shares. Citigroup reissued a “buy” rating on shares of BETA Technologies in a research note on Thursday, August 13th. Needham & Company LLC reissued a “buy” rating and issued a $34.00 price objective on shares of BETA Technologies in a research report on Wednesday, August 12th. Weiss Ratings raised shares of BETA Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, September 14th. Cantor Fitzgerald reissued an “overweight” rating and set a $31.00 price target on shares of BETA Technologies in a research report on Monday. Finally, BTIG Research restated a “buy” rating and set a $33.00 price objective on shares of BETA Technologies in a research note on Thursday, August 13th. Nine equities 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 stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $31.11.

BETA Technologies Company Profile

BETA Technologies is an aerospace company developing electric aircraft and the infrastructure needed to support electric aviation. Founded in 2017 and headquartered in Vermont, the company focuses on designing, certifying and manufacturing electric vertical takeoff and landing (eVTOL) and conventional takeoff and landing (CTOL) aircraft.

Its aircraft family includes the ALIA VTOL and ALIA CTOL models, which are designed for applications such as cargo transport, passenger travel, medical logistics and defense missions.