Insider Selling: BETA Technologies (NYSE:BETA) Insider Sells 15,000 Shares

BETA Technologies Inc (NYSE:BETA) insider Kyle Clark sold 15,000 shares of BETA Technologies stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $16.51, for a total value of $247,650.00. Following the completion of the transaction, the insider directly owned 5,599,837 shares in the company, valued at $92,453,308.87. This represents a 0.27% decrease in their position. 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, June 24th, Kyle Clark sold 15,000 shares of BETA Technologies stock. The shares were sold at an average price of $15.83, for a total transaction of $237,450.00.
• On Monday, June 22nd, Kyle Clark sold 15,000 shares of BETA Technologies stock. The stock was sold at an average price of $15.74, for a total transaction of $236,100.00.
• On Thursday, June 18th, Kyle Clark sold 15,000 shares of BETA Technologies stock. The stock was sold at an average price of $15.78, for a total transaction 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 transaction of $238,350.00.
• On Thursday, May 7th, Kyle Clark sold 4,965 shares of BETA Technologies stock. The shares were sold at an average price of $18.12, for a total transaction of $89,965.80.
• On Thursday, May 7th, Kyle Clark sold 67,296 shares of BETA Technologies stock. The shares were sold at an average price of $18.12, for a total transaction of $1,219,403.52.

BETA Technologies Trading Up 4.1%

BETA Technologies stock traded up $0.66 during midday trading on Friday, reaching $16.67. The stock had a trading volume of 2,446,863 shares, compared to its average volume of 1,509,797. BETA Technologies Inc has a twelve month low of $13.43 and a twelve month high of $39.50. 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 market cap of $3.71 billion and a price-to-earnings ratio of -1.35. The firm’s fifty day simple moving average is $16.72 and its two-hundred day simple moving average is $20.13.

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

Institutional Investors Weigh In On BETA Technologies

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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Jefferies Financial Group reduced their price objective on BETA Technologies from $30.00 to $29.00 and set a “buy” rating for the company in a research note on Tuesday, March 10th. Weiss Ratings upgraded BETA Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 13th. Citigroup reduced their price target on shares of BETA Technologies from $33.00 to $25.00 and set a “buy” rating for the company in a research report on Monday, May 18th. The Goldman Sachs Group lowered their price objective on shares of BETA Technologies from $38.00 to $34.00 and set a “buy” rating on the stock in a research report on Monday, April 20th. Finally, Needham & Company LLC reissued a “buy” rating and set a $34.00 target price on shares of BETA Technologies in a research note on Wednesday, May 13th. Nine equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $31.11.

BETA Technologies Company 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.