Kyle Clark Sells 23,205 Shares of BETA Technologies (NYSE:BETA) Stock

BETA Technologies Inc (NYSE:BETA) insider Kyle Clark sold 23,205 shares of the business’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $25.22, for a total value of $585,230.10. Following the sale, the insider owned 5,235,936 shares in the company, valued at approximately $132,050,305.92. The trade was a 0.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

• 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 transaction of $802,200.00.
• On Monday, August 17th, Kyle Clark sold 30,000 shares of BETA Technologies stock. The shares were sold at an average price of $25.08, for a total value of $752,400.00.
• On Friday, August 14th, Kyle Clark sold 17,800 shares of BETA Technologies stock. The shares were sold at an average price of $24.66, for a total value of $438,948.00.
• On Thursday, August 13th, Kyle Clark sold 30,000 shares of BETA Technologies stock. The shares were sold at an average price of $25.42, for a total transaction of $762,600.00.
• On Wednesday, August 12th, Kyle Clark sold 15,000 shares of BETA Technologies stock. The shares were sold at an average price of $23.47, for a total transaction of $352,050.00.
• On Tuesday, August 11th, Kyle Clark sold 17,005 shares of BETA Technologies stock. The shares were sold at an average price of $24.46, for a total value of $415,942.30.
• On Monday, August 10th, Kyle Clark sold 15,891 shares of BETA Technologies stock. The shares were sold at an average price of $24.24, for a total value of $385,197.84.
• On Friday, August 7th, Kyle Clark sold 15,000 shares of BETA Technologies stock. The stock was sold at an average price of $23.25, for a total transaction of $348,750.00.
• On Wednesday, July 1st, Kyle Clark sold 15,000 shares of BETA Technologies stock. The stock was 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 shares were sold at an average price of $16.38, for a total value of $245,700.00.

BETA Technologies Stock Down 3.0%

NYSE BETA opened at $24.71 on Friday. The business has a fifty day moving average price of $19.41 and a 200 day moving average price of $17.91. The company has a debt-to-equity ratio of 0.11, a quick ratio of 14.47 and a current ratio of 14.47. The company has a market cap of $5.57 billion and a P/E ratio of -1.90. BETA Technologies Inc has a one year low of $13.43 and a one year high of $39.50.

BETA Technologies (NYSE:BETA) last released its earnings results on Wednesday, August 12th. The company reported ($0.64) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.56) by ($0.08). BETA Technologies had a negative return on equity of 96.24% and a negative net margin of 1,913.91%.The business had revenue of $14.66 million during the quarter. Research analysts anticipate that BETA Technologies Inc will post -2.22 EPS for the current fiscal year.

Institutional Trading of BETA Technologies

A number of institutional investors have recently bought and sold shares of the business. Sandia Investment Management LP purchased a new position in BETA Technologies in the fourth quarter valued at approximately $26,000. California State Teachers Retirement System acquired a new position in shares of BETA Technologies in the 1st quarter valued at $27,000. Rockefeller Capital Management L.P. purchased a new position in shares of BETA Technologies in the 4th quarter valued at $35,000. Manchester Capital Management LLC acquired a new stake in BETA Technologies during the 4th quarter worth $38,000. Finally, Parallel Advisors LLC lifted its position in BETA Technologies by 26.0% in the first quarter. Parallel Advisors LLC now owns 3,323 shares of the company’s stock valued at $49,000 after acquiring an additional 685 shares during the last quarter.

Analyst Ratings Changes

Several research firms have recently commented on BETA. Needham & Company LLC restated a “buy” rating and set a $34.00 price target on shares of BETA Technologies in a research report on Wednesday, August 12th. Weiss Ratings downgraded BETA Technologies from a “sell (d)” rating to a “sell (d-)” rating in a report on Tuesday. Cantor Fitzgerald reiterated an “overweight” rating and issued a $31.00 price objective on shares of BETA Technologies in a report on Thursday, August 13th. Citigroup reissued a “buy” rating on shares of BETA Technologies in a research note on Thursday, August 13th. Finally, BTIG Research restated a “buy” rating and set a $33.00 target price on shares of BETA Technologies in a report on Thursday, August 13th. 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $31.11.

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.