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

BETA Technologies Inc (NYSE:BETA) insider Kyle Clark sold 10,000 shares of the company’s stock in a transaction on Wednesday, October 21st. The stock was sold at an average price of $19.06, for a total transaction of $190,600.00. Following the completion of the transaction, the insider owned 5,035,936 shares of the company’s stock, valued at $95,984,940.16. This trade represents a 0.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Monday, October 19th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $18.11, for a total value of $181,100.00.
• On Friday, October 16th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $18.51, for a total value of $185,100.00.
• On Wednesday, October 14th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $17.58, for a total value of $175,800.00.
• On Monday, October 12th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $19.91, for a total transaction of $199,100.00.
• On Friday, October 9th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $20.66, for a total value of $206,600.00.
• On Wednesday, October 7th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $20.19, for a total transaction of $201,900.00.
• On Monday, October 5th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $21.30, for a total value of $213,000.00.
• 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 value of $220,000.00.
• On Tuesday, September 29th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $22.62, for a total value 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.

BETA Technologies Stock Performance

Shares of BETA opened at $18.64 on Friday. The company’s fifty day moving average is $21.45 and its 200 day moving average is $19.00. BETA Technologies Inc has a fifty-two week low of $13.43 and a fifty-two week 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 issued its quarterly earnings results on Wednesday, August 12th. The company reported ($0.64) earnings per share (EPS) 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 company had revenue of $14.66 million during the quarter. On average, analysts forecast that BETA Technologies Inc will post -2.25 earnings per share for the current fiscal year.

Institutional Trading of BETA Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of BETA. Rockefeller Capital Management L.P. purchased a new stake in BETA Technologies during the fourth quarter worth approximately $35,000. Allworth Financial LP raised its position in BETA Technologies by 257.2% in the 2nd quarter. Allworth Financial LP now owns 1,786 shares of the company’s stock valued at $30,000 after purchasing an additional 1,286 shares during the last quarter. IFP Advisors Inc boosted its stake in BETA Technologies by 555.6% during the 2nd quarter. IFP Advisors Inc now owns 1,803 shares of the company’s stock worth $30,000 after purchasing an additional 1,528 shares during the period. California State Teachers Retirement System purchased a new stake in BETA Technologies during the 1st quarter valued at approximately $27,000. Finally, Sterling Capital Management LLC lifted its position in BETA Technologies by 433.0% during the 3rd quarter. Sterling Capital Management LLC now owns 2,761 shares of the company’s stock worth $61,000 after acquiring an additional 2,243 shares during the period.

Key Headlines Impacting BETA Technologies

Here are the key news stories impacting BETA Technologies this week:

• Positive Sentiment: FAA authorization enables customer flights: BETA said it received FAA approval to fly customers in its ALIA VTOL aircraft. The milestone provides validation of the aircraft and could accelerate demonstrations, customer engagement and commercialization. Beta Technologies gets FAA authorization to fly customers in VTOL aircraft
• Positive Sentiment: FAA market-survey approval advances the program: Coverage said BETA has made progress following FAA approval for market-survey activity, a step that allows the company to gather operational and customer feedback while building support for future eVTOL service. Beta Details VTOL Progress Following FAA Market Survey Approval
• Positive Sentiment: Analyst remains bullish: Needham reaffirmed its “buy” rating and maintained a $34 price target, implying substantial upside from the reference price. The target reflects optimism about BETA’s aircraft development and commercialization prospects. Needham & Company LLC rating
• Neutral Sentiment: Expansion plans show continued investment: BETA is developing a larger “Betaville” campus in South Burlington and seeking approval for a master build plan. The expansion may support manufacturing and operations, but it also increases execution and capital-spending requirements. As Beta Technologies Grows, Betaville Sprouts in South Burlington Beta seeks approval for master build plan
• Negative Sentiment: Commercial and financial risks remain: FAA authorization is an important milestone, but it does not establish large-scale revenue or profitability. BETA recently missed quarterly EPS expectations and continues to report significant losses, leaving the stock sensitive to delays, certification hurdles and cash-burn concerns.

Wall Street Analysts Forecast Growth

BETA has been the subject of a number of research analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $34.00 price target on shares of BETA Technologies in a report on Wednesday. Weiss Ratings raised shares of BETA Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, September 14th. Barclays started coverage on shares of BETA Technologies in a research report on Friday, October 9th. They issued an “overweight” rating and a $35.00 target price on the stock. BTIG Research reaffirmed a “buy” rating and set a $33.00 target price on shares of BETA Technologies in a research note on Thursday, August 13th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $31.00 target price on shares of BETA Technologies in a report on Monday, October 5th. Ten analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, BETA Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $31.50.

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 South Burlington, Vermont, the company focuses on zero-emission aircraft for cargo, logistics, passenger, medical and defense applications.

BETA’s aircraft portfolio includes the ALIA electric vertical takeoff and landing (eVTOL) aircraft and the ALIA CTOL fixed-wing aircraft, which is designed for conventional runway operations.