Next Century Growth Investors LLC Purchases Shares of 94,526 BETA Technologies Inc $BETA

Next Century Growth Investors LLC purchased a new stake in BETA Technologies Inc (NYSE:BETA) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 94,526 shares of the company’s stock, valued at approximately $2,667,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Manchester Capital Management LLC purchased a new stake in shares of BETA Technologies during the 4th quarter worth $38,000. Wolff Wiese Magana LLC purchased a new position in BETA Technologies in the fourth quarter valued at $42,000. Kestra Advisory Services LLC purchased a new position in BETA Technologies in the fourth quarter valued at $70,000. Parallel Advisors LLC purchased a new position in BETA Technologies in the fourth quarter valued at $74,000. Finally, Wells Fargo & Company MN purchased a new position in BETA Technologies in the fourth quarter valued at $214,000.

Insider Transactions at BETA Technologies

In related news, Director Michael Robert Stone purchased 17,135 shares of BETA Technologies stock in a transaction that occurred on Tuesday, May 19th. The stock was purchased at an average cost of $14.59 per share, with a total value of $249,999.65. Following the completion of the transaction, the director directly owned 1,767,049 shares in the company, valued at approximately $25,781,244.91. The trade was a 0.98% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO David Lawrence Churchill sold 18,981 shares of the business’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $18.12, for a total transaction of $343,935.72. Following the completion of the sale, the chief technology officer directly owned 552,647 shares of the company’s stock, valued at approximately $10,013,963.64. This trade represents a 3.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 138,928 shares of company stock valued at $2,517,375 over the last quarter. 24.47% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

BETA has been the topic of several recent analyst reports. BTIG Research dropped their target price on BETA Technologies from $40.00 to $33.00 and set a “buy” rating on the stock in a report on Wednesday, May 20th. Jefferies Financial Group dropped their target price on BETA Technologies from $30.00 to $29.00 and set a “buy” rating on the stock in a report on Tuesday, March 10th. Weiss Ratings raised BETA Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 13th. Needham & Company LLC reissued a “buy” rating and issued a $34.00 target price on shares of BETA Technologies in a report on Wednesday, May 13th. Finally, Cantor Fitzgerald dropped their target price on BETA Technologies from $38.00 to $31.00 and set an “overweight” rating on the stock in a report on Wednesday, May 13th. Nine research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $31.11.

BETA Technologies Price Performance

Shares of BETA opened at $16.23 on Monday. BETA Technologies Inc has a 1-year low of $13.43 and a 1-year high of $39.50. The stock has a market cap of $3.61 billion and a PE ratio of -1.31. The company has a debt-to-equity ratio of 0.10, a current ratio of 21.36 and a quick ratio of 21.37. The firm has a fifty day moving average price of $16.78 and a 200 day moving average price of $20.88.

BETA Technologies (NYSE:BETA) last announced its quarterly earnings results on Tuesday, May 12th. The company reported ($0.53) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.74) by $0.21. The company had revenue of $10.13 million during the quarter. BETA Technologies’s revenue was up 5.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that BETA Technologies Inc will post -2.13 EPS for the current year.

BETA Technologies 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.