BETA Technologies (NYSE:BETA) Stock: Insider Kyle Clark Sells 10,000 Shares

BETA Technologies Inc (NYSE:BETA) insider Kyle Clark sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, October 30th. The shares were sold at an average price of $19.92, for a total transaction of $199,200.00. Following the sale, the insider owned 4,965,936 shares in the company, valued at $98,921,445.12. The trade was a 0.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Wednesday, October 28th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $20.24, for a total transaction of $202,400.00.
• On Friday, October 23rd, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $19.19, for a total value of $191,900.00.
• On Monday, October 26th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $19.76, for a total value of $197,600.00.
• On Wednesday, October 21st, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $19.06, for a total transaction of $190,600.00.
• 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 Friday, October 16th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $18.51, for a total transaction of $185,100.00.
• 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 transaction of $175,800.00.
• On Monday, October 12th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was 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 shares were sold at an average price of $20.19, for a total transaction of $201,900.00.

BETA Technologies Stock Performance

NYSE:BETA traded down $0.53 during mid-day trading on Friday, hitting $20.04. 1,304,726 shares of the company’s stock traded hands, compared to its average volume of 1,800,639. The firm has a 50 day moving average of $20.96 and a two-hundred day moving average of $19.17. BETA Technologies Inc has a 12 month low of $13.43 and a 12 month high of $39.50. The firm has a market capitalization of $4.52 billion and a price-to-earnings ratio of -1.54. 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) last released its earnings results on Wednesday, August 12th. The company reported ($0.64) EPS for the quarter, missing the consensus estimate of ($0.56) by ($0.08). BETA Technologies had a negative net margin of 1,913.91% and a negative return on equity of 96.24%. The firm had revenue of $14.66 million during the quarter. On average, equities analysts forecast that BETA Technologies Inc will post -2.25 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BETA Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of BETA. ProShare Advisors LLC purchased a new position in BETA Technologies during the 3rd quarter valued at about $328,000. State of Wyoming lifted its holdings in BETA Technologies by 33.5% in the third quarter. State of Wyoming now owns 21,944 shares of the company’s stock valued at $485,000 after acquiring an additional 5,507 shares during the period. Sterling Capital Management LLC grew its holdings in BETA Technologies by 433.0% during the 3rd quarter. Sterling Capital Management LLC now owns 2,761 shares of the company’s stock valued at $61,000 after buying an additional 2,243 shares in the last quarter. Inspire Investing LLC purchased a new stake in shares of BETA Technologies in the third quarter valued at $622,000. Finally, Hanson & Doremus Investment Management purchased a new position in BETA Technologies during the 3rd quarter worth $374,000.

Analyst Upgrades and Downgrades

BETA has been the subject of a number of research analyst reports. Weiss Ratings raised BETA Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, September 14th. 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. Cantor Fitzgerald reiterated an “overweight” rating and set a $31.00 price target on shares of BETA Technologies in a research report on Monday, October 5th. Citigroup reissued a “buy” rating on shares of BETA Technologies in a research note on Thursday, August 13th. Finally, Barclays started coverage on shares of BETA Technologies in a report on Friday, October 9th. They issued an “overweight” rating and a $35.00 target price on the stock. Ten equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target 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 South Burlington, Vermont, the company focuses on zero-emission aircraft for cargo, logistics, passenger, medical and defense applications.

BETA’s aircraft portfolio includes the ALIA electric vertical takeoff and landing (eVTOL) aircraft and the ALIA CTOL fixed-wing aircraft, which is designed for conventional runway operations.