Insider Selling: BETA Technologies (NYSE:BETA) Insider Sells $233,200.00 in Stock

BETA Technologies Inc (NYSE:BETA) insider Kyle Clark sold 10,000 shares of BETA Technologies stock in a transaction that occurred on Saturday, September 26th. The shares were sold at an average price of $23.32, for a total transaction of $233,200.00. Following the completion of the sale, the insider owned 5,205,936 shares of the company’s stock, valued at $121,402,427.52. This trade represents a 0.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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 shares were 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 shares were sold at an average price of $26.74, for a total transaction of $802,200.00.
• On Monday, August 17th, Kyle Clark sold 30,000 shares of BETA Technologies stock. The stock was sold at an average price of $25.08, for a total transaction of $752,400.00.
• On Friday, August 14th, Kyle Clark sold 17,800 shares of BETA Technologies stock. The shares were sold at an average price of $24.66, for a total value of $438,948.00.
• On Thursday, August 13th, Kyle Clark sold 30,000 shares of BETA Technologies stock. The stock was sold at an average price of $25.42, for a total value of $762,600.00.
• On Wednesday, August 12th, Kyle Clark sold 15,000 shares of BETA Technologies stock. The shares were sold at an average price of $23.47, for a total value of $352,050.00.
• On Tuesday, August 11th, Kyle Clark sold 17,005 shares of BETA Technologies stock. The stock was sold at an average price of $24.46, for a total value of $415,942.30.
• On Monday, August 10th, Kyle Clark sold 15,891 shares of BETA Technologies stock. The stock was sold at an average price of $24.24, for a total value of $385,197.84.
• On Friday, August 7th, Kyle Clark sold 15,000 shares of BETA Technologies stock. The shares were sold at an average price of $23.25, for a total value of $348,750.00.

BETA Technologies Trading Down 1.4%

Shares of BETA stock opened at $22.12 on Thursday. BETA Technologies Inc has a 12 month low of $13.43 and a 12 month high of $39.50. The company has a market cap of $4.99 billion and a PE ratio of -1.70. The company has a quick ratio of 14.47, a current ratio of 14.47 and a debt-to-equity ratio of 0.11. The business’s 50 day moving average is $21.89 and its two-hundred day moving average is $18.50.

BETA Technologies (NYSE:BETA) last issued its quarterly earnings data 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). The firm had revenue of $14.66 million during the quarter. BETA Technologies had a negative return on equity of 96.24% and a negative net margin of 1,913.91%. Equities analysts predict that BETA Technologies Inc will post -2.25 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on BETA shares. Weiss Ratings raised BETA Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, September 14th. Cantor Fitzgerald reissued an “overweight” rating and issued a $31.00 price target on shares of BETA Technologies in a report on Thursday, August 13th. Needham & Company LLC restated a “buy” rating and issued a $34.00 price target on shares of BETA Technologies in a research report on Wednesday, August 12th. Citigroup restated a “buy” rating on shares of BETA Technologies in a report on Thursday, August 13th. Finally, BTIG Research reaffirmed a “buy” rating and set a $33.00 price objective on shares of BETA Technologies in a research report on Thursday, August 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 stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $31.11.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in BETA. Integrated Wealth Concepts LLC acquired a new position in BETA Technologies in the second quarter valued at about $235,000. IFP Advisors Inc grew its position in BETA Technologies by 555.6% during the 2nd 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. Squarepoint Ops LLC acquired a new stake in BETA Technologies during the 2nd quarter valued at $2,045,000. Allworth Financial LP increased its holdings in BETA Technologies by 257.2% during the 2nd quarter. Allworth Financial LP now owns 1,786 shares of the company’s stock valued at $30,000 after purchasing an additional 1,286 shares in the last quarter. Finally, Arizona State Retirement System acquired a new position in BETA Technologies in the second quarter worth $251,000.

BETA Technologies Company Profile

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.