BETA Technologies (NYSE:BETA) Insider Sells $199,100.00 in Stock

BETA Technologies Inc (NYSE:BETA) insider Kyle Clark sold 10,000 shares of the stock in a transaction that occurred on Monday, October 12th. The shares were sold at an average price of $19.91, for a total value of $199,100.00. Following the sale, the insider directly owned 5,105,936 shares of the company’s stock, valued at approximately $101,659,185.76. This trade represents a 0.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Wednesday, October 14th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $17.58, for a total value of $175,800.00.
• On Friday, October 9th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were 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 value of $201,900.00.
• On Monday, October 5th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was 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 stock was 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 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 value 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 value 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 value of $802,200.00.

BETA Technologies Stock Down 3.9%

Shares of NYSE:BETA traded down $0.73 on Friday, hitting $18.07. 1,405,765 shares of the company traded hands, compared to its average volume of 3,418,954. The stock has a 50 day simple moving average of $21.95 and a 200-day simple moving average of $18.87. 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 company has a market cap of $4.07 billion and a PE ratio of -1.39. BETA Technologies Inc has a 52 week low of $13.43 and a 52 week high of $39.50.

BETA Technologies (NYSE:BETA) last issued its earnings results on Wednesday, August 12th. The company reported ($0.64) earnings per share (EPS) for the quarter, missing the consensus estimate 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%. As a group, research analysts expect that BETA Technologies Inc will post -2.25 earnings per share for the current year.

Institutional Investors Weigh In On BETA Technologies

A number of hedge funds have recently modified their holdings of BETA. Parallel Advisors LLC raised its holdings in BETA Technologies by 26.0% in the 1st quarter. Parallel Advisors LLC now owns 3,323 shares of the company’s stock worth $49,000 after purchasing an additional 685 shares during the period. Rockefeller Capital Management L.P. bought a new stake in BETA Technologies during the fourth quarter valued at about $35,000. Allworth Financial LP grew its holdings in BETA Technologies by 257.2% during the second 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 during the period. IFP Advisors Inc increased its position in BETA Technologies by 555.6% in the second quarter. IFP Advisors Inc now owns 1,803 shares of the company’s stock worth $30,000 after buying an additional 1,528 shares in the last quarter. Finally, California State Teachers Retirement System purchased a new stake in BETA Technologies in the first quarter worth about $27,000.

Wall Street Analyst Weigh In

A number of analysts have commented on BETA shares. Citigroup reissued a “buy” rating on shares of BETA Technologies in a report on Thursday, August 13th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $31.00 price objective on shares of BETA Technologies in a research report on Monday, October 5th. BTIG Research reiterated a “buy” rating and issued a $33.00 price objective on shares of BETA Technologies in a report on Thursday, August 13th. Barclays started coverage on BETA Technologies in a research report on Friday, October 9th. They issued 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 analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, BETA Technologies has an average rating of “Moderate Buy” and an average target price of $31.50.

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.