Insider Selling: BETA Technologies (NYSE:BETA) Insider Sells $237,450.00 in Stock

BETA Technologies Inc (NYSE:BETA) insider Kyle Clark sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $15.83, for a total value of $237,450.00. Following the completion of the transaction, the insider directly owned 5,629,837 shares of the company’s stock, valued at $89,120,319.71. This represents a 0.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Friday, June 26th, Kyle Clark sold 15,000 shares of BETA Technologies stock. The stock was sold at an average price of $16.51, for a total transaction of $247,650.00.
• On Monday, June 22nd, Kyle Clark sold 15,000 shares of BETA Technologies stock. The stock was sold at an average price of $15.74, for a total transaction of $236,100.00.
• On Thursday, June 18th, Kyle Clark sold 15,000 shares of BETA Technologies stock. The shares were sold at an average price of $15.78, for a total transaction of $236,700.00.
• On Tuesday, June 16th, Kyle Clark sold 15,000 shares of BETA Technologies stock. The shares were sold at an average price of $15.89, for a total transaction of $238,350.00.
• 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 stock was sold at an average price of $18.12, for a total transaction of $1,219,403.52.

BETA Technologies Trading Up 4.1%

NYSE BETA traded up $0.66 on Friday, reaching $16.67. The company had a trading volume of 2,446,863 shares, compared to its average volume of 1,509,797. The firm has a market cap of $3.71 billion and a price-to-earnings ratio of -1.35. The company has a debt-to-equity ratio of 0.10, a current ratio of 21.36 and a quick ratio of 21.37. BETA Technologies Inc has a fifty-two week low of $13.43 and a fifty-two week high of $39.50. The business has a 50 day moving average of $16.72 and a two-hundred day moving average of $20.13.

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

Hedge Funds Weigh In On BETA Technologies

Several institutional investors have recently added to or reduced their stakes in BETA. Green Alpha Advisors LLC acquired a new stake in shares of BETA Technologies during the 4th quarter worth approximately $603,000. SG Americas Securities LLC acquired a new position in shares of BETA Technologies during the 4th quarter valued at $1,386,000. Wolff Wiese Magana LLC bought a new position in BETA Technologies during the fourth quarter worth $42,000. Stratos Wealth Partners LTD. bought a new position in BETA Technologies during the fourth quarter worth $360,000. Finally, Capricorn Fund Managers Ltd acquired a new stake in BETA Technologies in the fourth quarter worth $564,000.

Analyst Ratings Changes

BETA has been the subject of a number of recent analyst reports. BTIG Research decreased their target price 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. Cantor Fitzgerald dropped their price target on shares of BETA Technologies from $38.00 to $31.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 13th. Weiss Ratings raised shares of BETA Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 13th. Citigroup decreased their price objective on shares of BETA Technologies from $33.00 to $25.00 and set a “buy” rating for the company in a research report on Monday, May 18th. Finally, Jefferies Financial Group lowered their target price on shares of BETA Technologies from $30.00 to $29.00 and set a “buy” rating for the company in a research note on Tuesday, March 10th. Nine investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.11.

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.