BETA Technologies (NYSE:BETA) Insider Sells $261,150.00 in Stock

BETA Technologies Inc (NYSE:BETA) insider Kyle Clark sold 15,000 shares of the company’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $17.41, for a total transaction of $261,150.00. Following the completion of the sale, the insider directly owned 5,554,837 shares in the company, valued at approximately $96,709,712.17. The trade was 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 the SEC website.

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

• On Monday, June 29th, Kyle Clark sold 15,000 shares of BETA Technologies stock. The stock was sold at an average price of $16.38, for a total transaction of $245,700.00.
• On Friday, June 26th, Kyle Clark sold 15,000 shares of BETA Technologies stock. The shares were sold at an average price of $16.51, for a total value of $247,650.00.
• On Wednesday, June 24th, Kyle Clark sold 15,000 shares of BETA Technologies stock. The stock was sold at an average price of $15.83, for a total value of $237,450.00.
• 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 value of $236,100.00.
• On Thursday, June 18th, Kyle Clark sold 15,000 shares of BETA Technologies stock. The stock was sold at an average price of $15.78, for a total value 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 value 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 Stock Up 0.3%

NYSE BETA opened at $17.02 on Thursday. The stock’s 50 day simple moving average is $16.85 and its 200 day simple moving average is $19.33. BETA Technologies Inc has a one year low of $13.43 and a one year high of $39.50. The firm has a market cap of $3.78 billion and a PE ratio of -1.37. 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 (NYSE:BETA) last posted its quarterly earnings data on Tuesday, May 12th. The company reported ($0.53) earnings per share for the quarter, beating the consensus estimate of ($0.74) by $0.21. The company had revenue of $10.13 million during the quarter. The firm’s revenue was up 5.2% on a year-over-year basis. As a group, sell-side analysts forecast that BETA Technologies Inc will post -2.17 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BETA Technologies

Several hedge funds have recently bought and sold shares of the company. General Electric Co bought a new stake in shares of BETA Technologies in the 4th quarter valued at $644,962,000. Massachusetts Financial Services Co. MA bought a new position in BETA Technologies during the fourth quarter worth about $6,349,000. Vanguard Group Inc. acquired a new position in BETA Technologies in the fourth quarter valued at about $77,089,000. Liberty Street Advisors Inc. acquired a new position in BETA Technologies in the fourth quarter valued at about $28,187,000. Finally, Pictet Asset Management Holding SA bought a new stake in shares of BETA Technologies in the fourth quarter worth about $10,896,000.

Analyst Ratings Changes

A number of analysts recently commented on BETA shares. Citigroup lowered their price objective on BETA Technologies from $33.00 to $25.00 and set a “buy” rating for the company in a research report on Monday, May 18th. Weiss Ratings upgraded shares of BETA Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 13th. BTIG Research cut their price objective on shares of BETA Technologies from $40.00 to $33.00 and set a “buy” rating on the stock in a report on Wednesday, May 20th. The Goldman Sachs Group lowered their target price on shares of BETA Technologies from $38.00 to $34.00 and set a “buy” rating for the company in a report on Monday, April 20th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $34.00 price target on shares of BETA Technologies in a research note on Wednesday, May 13th. Nine 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.