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 the company’s stock in a transaction that occurred on Friday, October 30th. The shares were sold at an average price of $19.92, for a total value of $199,200.00. Following the completion of the transaction, the insider directly owned 4,965,936 shares of the company’s stock, valued at $98,921,445.12. This trade represents a 0.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Wednesday, October 28th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $20.24, for a total transaction of $202,400.00.
• On Friday, October 23rd, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $19.19, for a total transaction of $191,900.00.
• On Monday, October 26th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $19.76, for a total transaction of $197,600.00.
• On Wednesday, October 21st, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $19.06, for a total transaction of $190,600.00.
• On Monday, October 19th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $18.11, for a total transaction 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 transaction 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 transaction of $175,800.00.
• On Monday, October 12th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were 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 shares were sold at an average price of $20.66, for a total transaction 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 value of $201,900.00.

BETA Technologies Price Performance

BETA Technologies stock opened at $20.04 on Friday. 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 fifty-two week low of $13.43 and a fifty-two week high of $39.50. The stock has a 50-day simple moving average of $20.85 and a 200-day simple moving average of $19.13.

BETA Technologies (NYSE:BETA) last released 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). The firm had revenue of $14.66 million for the quarter. BETA Technologies had a negative return on equity of 96.24% and a negative net margin of 1,913.91%. As a group, research analysts forecast that BETA Technologies Inc will post -2.25 EPS for the current year.

Institutional Trading of BETA Technologies

Hedge funds have recently added to or reduced their stakes in the stock. ProShare Advisors LLC purchased a new position in shares of BETA Technologies in the 3rd quarter valued at approximately $328,000. State of Wyoming raised its stake in shares of BETA Technologies by 33.5% during the third quarter. State of Wyoming now owns 21,944 shares of the company’s stock worth $485,000 after purchasing an additional 5,507 shares during the last quarter. Sterling Capital Management LLC raised its stake in shares of BETA Technologies by 433.0% during the third quarter. Sterling Capital Management LLC now owns 2,761 shares of the company’s stock worth $61,000 after purchasing an additional 2,243 shares during the last quarter. Inspire Investing LLC acquired a new stake in shares of BETA Technologies during the third quarter worth $622,000. Finally, Hanson & Doremus Investment Management acquired a new stake in shares of BETA Technologies during the third quarter worth $374,000.

Analyst Ratings Changes

BETA has been the topic of a number of recent research reports. Wall Street Zen cut shares of BETA Technologies from a “hold” rating to a “sell” rating in a report on Saturday, October 24th. Barclays initiated coverage on shares of BETA Technologies in a research note on Friday, October 9th. They set an “overweight” rating and a $35.00 price target for the company. BTIG Research reissued a “buy” rating and set a $33.00 price objective on shares of BETA Technologies in a research report on Thursday, August 13th. 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. Finally, Citigroup restated a “buy” rating on shares of BETA Technologies in a research note on Thursday, August 13th. Ten analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $31.50.

About BETA Technologies

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.