BETA Technologies (NYSE:BETA) Insider Sells $385,197.84 in Stock

BETA Technologies Inc (NYSE:BETA) insider Kyle Clark sold 15,891 shares of the company’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $24.24, for a total value of $385,197.84. Following the transaction, the insider directly owned 5,458,946 shares in the company, valued at $132,324,851.04. This represents a 0.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• 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 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.
• On Wednesday, July 1st, Kyle Clark sold 15,000 shares of BETA Technologies stock. The shares were sold at an average price of $17.41, for a total transaction of $261,150.00.
• On Monday, June 29th, Kyle Clark sold 15,000 shares of BETA Technologies stock. The stock was sold at an average price of $16.38, for a total transaction of $245,700.00.
• On Friday, June 26th, Kyle Clark sold 15,000 shares of BETA Technologies stock. The stock was sold at an average price of $16.51, for a total transaction of $247,650.00.
• On Wednesday, June 24th, Kyle Clark sold 15,000 shares of BETA Technologies stock. The stock was 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 shares were 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 shares were 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 shares were sold at an average price of $15.89, for a total transaction of $238,350.00.

BETA Technologies Stock Performance

BETA traded up $0.84 on Tuesday, hitting $24.60. The company’s stock had a trading volume of 2,618,409 shares, compared to its average volume of 1,486,748. BETA Technologies Inc has a 12 month low of $13.43 and a 12 month high of $39.50. The firm has a market cap of $5.47 billion and a P/E ratio of -1.99. The company has a quick ratio of 21.37, a current ratio of 21.36 and a debt-to-equity ratio of 0.10. The company’s 50 day simple moving average is $17.94 and its 200-day simple moving average is $17.79.

BETA Technologies (NYSE:BETA) last issued its earnings results on Tuesday, May 12th. The company reported ($0.53) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.74) by $0.21. The business had revenue of $10.13 million for the quarter. The company’s revenue was up 5.2% on a year-over-year basis. Analysts forecast that BETA Technologies Inc will post -2.17 EPS for the current year.

Analysts Set New Price Targets

BETA has been the subject of several recent research reports. BTIG Research reduced their price target on BETA Technologies from $40.00 to $33.00 and set a “buy” rating for the company in a research report on Wednesday, May 20th. Weiss Ratings raised BETA Technologies from a “sell (d-)” rating to a “sell (d)” rating in a report on Tuesday, August 4th. Citigroup cut their target price on BETA Technologies from $33.00 to $25.00 and set a “buy” rating for the company in a research note on Monday, May 18th. Cantor Fitzgerald reduced their target price on BETA Technologies from $38.00 to $31.00 and set an “overweight” rating for the company in a report on Wednesday, May 13th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $34.00 price target on shares of BETA Technologies in a research report on Wednesday, May 13th. Nine investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, BETA Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $31.11.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Parallel Advisors LLC grew its position in shares of BETA Technologies by 26.0% during the 1st quarter. Parallel Advisors LLC now owns 3,323 shares of the company’s stock valued at $49,000 after purchasing an additional 685 shares in the last quarter. Sandia Investment Management LP purchased a new stake in shares of BETA Technologies in the fourth quarter worth $26,000. Rockefeller Capital Management L.P. purchased a new stake in shares of BETA Technologies in the fourth quarter worth $35,000. Manchester Capital Management LLC purchased a new stake in shares of BETA Technologies in the fourth quarter worth $38,000. Finally, California State Teachers Retirement System bought a new stake in BETA Technologies during the first quarter valued at $27,000.

About BETA Technologies

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.