Kyle Clark Sells 15,000 Shares of BETA Technologies (NYSE:BETA) Stock

BETA Technologies Inc (NYSE:BETA) insider Kyle Clark sold 15,000 shares of the business’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $16.38, for a total transaction of $245,700.00. Following the sale, the insider directly owned 5,584,837 shares of the company’s stock, valued at approximately $91,479,630.06. The trade was a 0.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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 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 shares were 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 shares were 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 stock was 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 value 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 value of $1,219,403.52.

BETA Technologies Stock Up 3.9%

BETA stock opened at $18.05 on Friday. The business’s 50-day moving average price is $16.68 and its 200-day moving average price is $19.64. The stock has a market cap of $4.01 billion and a P/E ratio of -1.46. The company has a quick ratio of 21.37, a current ratio of 21.36 and a debt-to-equity ratio of 0.10. BETA Technologies Inc has a twelve month low of $13.43 and a twelve month high of $39.50.

BETA Technologies (NYSE:BETA) last released its earnings results on Tuesday, May 12th. The company reported ($0.53) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.74) by $0.21. The firm had revenue of $10.13 million during the quarter. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. On average, equities research analysts forecast that BETA Technologies Inc will post -2.17 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Sandia Investment Management LP bought a new stake in shares of BETA Technologies in the 4th quarter worth about $26,000. California State Teachers Retirement System purchased a new position in BETA Technologies during the 1st quarter valued at $27,000. Rockefeller Capital Management L.P. bought a new position in BETA Technologies in the 4th quarter valued at $35,000. Manchester Capital Management LLC bought a new position in BETA Technologies in the 4th quarter valued at $38,000. Finally, Wolff Wiese Magana LLC purchased a new stake in BETA Technologies in the fourth quarter worth $42,000.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Citigroup dropped their target price on shares of BETA Technologies from $33.00 to $25.00 and set a “buy” rating for the company in a report on Monday, May 18th. BTIG Research lowered their price objective on BETA Technologies from $40.00 to $33.00 and set a “buy” rating on the stock in a research report on Wednesday, May 20th. The Goldman Sachs Group lowered their price objective on BETA Technologies from $38.00 to $34.00 and set a “buy” rating on the stock in a research report on Monday, April 20th. Needham & Company LLC reiterated a “buy” rating and set a $34.00 target price on shares of BETA Technologies in a research report on Wednesday, May 13th. Finally, Cantor Fitzgerald decreased their target price on BETA Technologies from $38.00 to $31.00 and set an “overweight” rating on the stock 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 issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $31.11.

About BETA Technologies

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.