BETA Technologies (NYSE:BETA) Insider Kyle Clark Sells 15,000 Shares

BETA Technologies Inc (NYSE:BETA) insider Kyle Clark sold 15,000 shares of the stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $15.89, for a total transaction of $238,350.00. Following the transaction, the insider directly owned 5,704,837 shares in the company, valued at approximately $90,649,859.93. This represents a 0.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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 Trading Up 2.0%

BETA opened at $16.09 on Friday. The company has a fifty day moving average price of $16.81 and a two-hundred day moving average price of $20.58. BETA Technologies Inc has a 1-year low of $13.43 and a 1-year high of $39.50. The company has a market cap of $3.58 billion and a P/E ratio of -1.30. The company has a current ratio of 21.36, a quick ratio of 21.37 and a debt-to-equity ratio of 0.10.

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 company’s revenue was up 5.2% on a year-over-year basis. Analysts predict that BETA Technologies Inc will post -2.13 EPS for the current fiscal year.

Analysts Set New Price Targets

BETA has been the topic of several recent research reports. Citigroup cut their price target on BETA Technologies from $33.00 to $25.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Jefferies Financial Group decreased their price objective on BETA Technologies from $30.00 to $29.00 and set a “buy” rating for the company in a report on Tuesday, March 10th. Morgan Stanley lowered their target price on BETA Technologies from $34.00 to $33.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 10th. Weiss Ratings upgraded BETA Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 13th. Finally, BTIG Research reduced their price target on shares of 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 equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $31.11.

Institutional Investors Weigh In On BETA Technologies

Several institutional investors have recently bought and sold shares of BETA. General Electric Co bought a new position in BETA Technologies during the 4th quarter valued at $644,962,000. TPG GP A LLC bought a new stake in shares of BETA Technologies in the 4th quarter worth $462,515,000. Amazon Com Inc. bought a new stake in shares of BETA Technologies in the 4th quarter worth $331,577,000. Vanguard Group Inc. bought a new stake in shares of BETA Technologies in the 4th quarter worth $77,089,000. Finally, Norges Bank purchased a new stake in shares of BETA Technologies in the fourth quarter valued at about $41,485,000.

About BETA Technologies

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.