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

BETA Technologies Inc (NYSE:BETA – Get Free Report) insider Kyle Clark sold 10,000 shares of the firm’s stock in a transaction on Wednesday, October 14th. The shares were sold at an average price of $17.58, for a total value of $175,800.00. Following the transaction, the insider owned 5,085,936 shares of the company’s stock, valued at $89,410,754.88. The trade was a 0.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • 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 value 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 transaction 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 transaction 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 transaction of $226,200.00.
  • On Saturday, September 26th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $23.32, for a total transaction of $233,200.00.
  • On Thursday, September 24th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $23.04, for a total transaction of $230,400.00.
  • On Friday, August 21st, Kyle Clark sold 23,205 shares of BETA Technologies stock. The stock was sold at an average price of $25.22, for a total transaction of $585,230.10.
  • On Wednesday, August 19th, Kyle Clark sold 30,000 shares of BETA Technologies stock. The stock was sold at an average price of $26.74, for a total transaction of $802,200.00.

BETA Technologies Stock Performance

NYSE:BETA opened at $18.82 on Friday. The company’s 50 day moving average price is $22.06 and its 200-day moving average price is $18.87. BETA Technologies Inc has a 52 week low of $13.43 and a 52 week high of $39.50. The company has a current ratio of 14.47, a quick ratio of 14.47 and a debt-to-equity ratio of 0.11.

BETA Technologies (NYSE:BETA – Get Free Report) last announced its quarterly earnings results on Wednesday, August 12th. The company reported ($0.64) earnings per share for the quarter, missing the consensus estimate of ($0.56) by ($0.08). BETA Technologies had a negative net margin of 1,913.91% and a negative return on equity of 96.24%. The firm had revenue of $14.66 million for the quarter. As a group, sell-side analysts predict that BETA Technologies Inc will post -2.25 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have commented on BETA. Cantor Fitzgerald reissued an “overweight” rating and issued a $31.00 target price on shares of BETA Technologies in a report on Monday, October 5th. Needham & Company LLC restated a “buy” rating and issued a $34.00 target price on shares of BETA Technologies in a report on Wednesday, August 12th. BTIG Research reaffirmed a “buy” rating and issued a $33.00 target price on shares of BETA Technologies in a research report on Thursday, August 13th. 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 target price for the company. Finally, Weiss Ratings upgraded shares of BETA Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, September 14th. Ten research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $31.50.

View Our Latest Analysis on BETA

Institutional Trading of BETA Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cliftonlarsonallen Wealth Advisors LLC purchased a new stake in shares of BETA Technologies in the 3rd quarter worth $2,905,000. Triumph Capital Management bought a new position in BETA Technologies in the 3rd quarter worth approximately $308,000. Farther Finance Advisors LLC lifted its holdings in shares of BETA Technologies by 275.0% in the third quarter. Farther Finance Advisors LLC now owns 4,620 shares of the company’s stock worth $102,000 after buying an additional 3,388 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in shares of BETA Technologies during the second quarter worth $235,000. Finally, IFP Advisors Inc boosted its position in shares of BETA Technologies by 555.6% during the second quarter. IFP Advisors Inc now owns 1,803 shares of the company’s stock worth $30,000 after acquiring an additional 1,528 shares during the last quarter.

About BETA Technologies

(Get Free Report)

BETA Technologies is an aerospace company developing electric aircraft and the infrastructure needed to support electric aviation. Founded in 2017 and headquartered in Vermont, the company focuses on designing, certifying and manufacturing electric vertical takeoff and landing (eVTOL) and conventional takeoff and landing (CTOL) aircraft.

Its aircraft family includes the ALIA VTOL and ALIA CTOL models, which are designed for applications such as cargo transport, passenger travel, medical logistics and defense missions.

See Also

Insider Buying and Selling by Quarter for BETA Technologies (NYSE:BETA)

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