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 Friday, October 16th. The shares were sold at an average price of $18.51, for a total value of $185,100.00. Following the sale, the insider directly owned 5,065,936 shares of the company’s stock, valued at $93,770,475.36. This represents a 0.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • 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 value of $181,100.00.
  • 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 stock was 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 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 value of $213,000.00.
  • On Thursday, October 1st, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was 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 value of $226,200.00.
  • On Saturday, September 26th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $23.32, for a total value of $233,200.00.
  • On Thursday, September 24th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $23.04, for a total transaction of $230,400.00.

BETA Technologies Stock Up 0.1%

NYSE:BETA traded up $0.01 during trading hours on Monday, reaching $18.04. 1,003,254 shares of the company were exchanged, compared to its average volume of 2,196,497. The business has a 50 day moving average of $21.83 and a 200 day moving average of $18.93. BETA Technologies Inc has a 1-year low of $13.43 and a 1-year 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 posted its earnings results on Wednesday, August 12th. The company reported ($0.64) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.56) by ($0.08). BETA Technologies had a negative return on equity of 96.24% and a negative net margin of 1,913.91%. The business had revenue of $14.66 million for the quarter. On average, equities research analysts anticipate that BETA Technologies Inc will post -2.25 EPS for the current year.

Institutional Investors Weigh In On BETA Technologies

Several large investors have recently modified their holdings of BETA. Bank of New York Mellon Corp bought a new position in BETA Technologies during the first quarter valued at $1,162,000. Masters Capital Management LLC purchased a new position in shares of BETA Technologies during the 1st quarter valued at $10,290,000. Cliftonlarsonallen Wealth Advisors LLC purchased a new position in shares of BETA Technologies during the 3rd quarter valued at $2,905,000. Quantinno Capital Management LP bought a new position in shares of BETA Technologies during the 1st quarter worth $1,115,000. Finally, Corient Private Wealth LP grew its stake in shares of BETA Technologies by 116.0% during the 2nd quarter. Corient Private Wealth LP now owns 151,118 shares of the company’s stock worth $2,531,000 after acquiring an additional 81,150 shares during the period.

Wall Street Analysts Forecast Growth

BETA has been the topic of a number of research reports. BTIG Research reiterated a “buy” rating and set a $33.00 target price on shares of BETA Technologies in a research report on Thursday, August 13th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $31.00 target price on shares of BETA Technologies in a research report on Monday, October 5th. Needham & Company LLC reiterated a “buy” rating and issued a $34.00 target price on shares of BETA Technologies in a report on Wednesday, August 12th. Citigroup restated a “buy” rating on shares of BETA Technologies in a report on Thursday, August 13th. Finally, Barclays started coverage on BETA Technologies in a research note on Friday, October 9th. They set an “overweight” rating and a $35.00 price objective on the stock. Ten equities 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 stock presently has an average rating of “Moderate Buy” and a consensus price target of $31.50.

View Our Latest Analysis on BETA

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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