BETA Technologies Inc $BETA Position Increased by Capricorn Fund Managers Ltd

Capricorn Fund Managers Ltd raised its holdings in shares of BETA Technologies Inc (NYSE:BETA) by 318.5% in the 1st quarter, Holdings Channel reports. The firm owned 83,696 shares of the company’s stock after purchasing an additional 63,696 shares during the quarter. Capricorn Fund Managers Ltd’s holdings in BETA Technologies were worth $1,230,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Rockefeller Capital Management L.P. bought a new position in shares of BETA Technologies in the 4th quarter worth about $35,000. T. Rowe Price Investment Management Inc. bought a new stake in shares of BETA Technologies during the 4th quarter valued at about $35,347,000. Zimmer Partners LP bought a new stake in shares of BETA Technologies during the 4th quarter valued at about $2,116,000. Symmetry Investments LP acquired a new stake in BETA Technologies during the fourth quarter worth about $1,269,000. Finally, Quadrature Capital Ltd acquired a new stake in BETA Technologies during the fourth quarter worth about $246,000.

Wall Street Analyst Weigh In

BETA has been the subject of a number of analyst reports. Morgan Stanley reduced their price objective on BETA Technologies from $34.00 to $33.00 and set an “overweight” rating for the company in a research report on Tuesday, March 10th. Weiss Ratings raised BETA Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 13th. BTIG Research cut their target price on BETA Technologies from $40.00 to $33.00 and set a “buy” rating on the stock in a research note on Wednesday, May 20th. The Goldman Sachs Group reduced their price target on shares of BETA Technologies from $38.00 to $34.00 and set a “buy” rating for the company in a report on Monday, April 20th. Finally, 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 report on Monday, May 18th. Nine research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.11.

BETA Technologies Trading Up 2.2%

NYSE:BETA opened at $16.74 on Wednesday. The stock has a market cap of $3.72 billion and a price-to-earnings ratio of -1.35. The company has a debt-to-equity ratio of 0.10, a quick ratio of 21.37 and a current ratio of 21.36. BETA Technologies Inc has a 1 year low of $13.43 and a 1 year high of $39.50. The business has a fifty day moving average of $16.64 and a 200-day moving average of $19.83.

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

Insider Transactions at BETA Technologies

In other BETA Technologies news, CTO David Lawrence Churchill sold 18,981 shares of the firm’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $18.12, for a total transaction of $343,935.72. Following the transaction, the chief technology officer owned 552,647 shares of the company’s stock, valued at approximately $10,013,963.64. This trade represents a 3.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Sean Donovan sold 19,008 shares of the business’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $18.12, for a total transaction of $344,424.96. Following the sale, the chief operating officer owned 176,195 shares in the company, valued at $3,192,653.40. This trade represents a 9.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 213,928 shares of company stock worth $3,713,625 over the last ninety days. Insiders own 24.47% of the company’s stock.

BETA Technologies 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.