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

BETA Technologies Inc (NYSE:BETA) insider Kyle Clark sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, October 23rd. The stock was sold at an average price of $19.19, for a total transaction of $191,900.00. Following the sale, the insider directly owned 5,015,936 shares of the company’s stock, valued at $96,255,811.84. The trade was a 0.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Monday, October 26th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $19.76, for a total transaction 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 transaction 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 shares were 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.
• On Monday, October 5th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $21.30, for a total transaction of $213,000.00.
• On Thursday, October 1st, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $22.00, for a total transaction of $220,000.00.

BETA Technologies Trading Up 4.5%

NYSE:BETA opened at $20.72 on Wednesday. BETA Technologies Inc has a one year low of $13.43 and a one year high of $39.50. The stock has a 50-day simple moving average of $21.21 and a 200 day simple moving average of $19.25.

BETA Technologies (NYSE:BETA) last announced its quarterly earnings data on Wednesday, August 12th. The company reported ($0.64) earnings per share for the quarter, missing the consensus estimate of ($0.56) by ($0.08). The company had revenue of $14.66 million during the quarter. Equities research analysts predict that BETA Technologies Inc will post -2.25 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on BETA shares. Wall Street Zen downgraded BETA Technologies from a “hold” rating to a “sell” rating in a report on Saturday. Barclays assumed coverage on BETA Technologies in a research note on Friday, October 9th. They set an “overweight” rating and a $35.00 price objective on the stock. Needham & Company LLC restated a “buy” rating and set a $34.00 price objective on shares of BETA Technologies in a research note on Wednesday, October 21st. Weiss Ratings raised shares of BETA Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, September 14th. Finally, Citigroup reiterated a “buy” rating on shares of BETA Technologies in a research note on Thursday, August 13th. Ten equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $31.50.

Institutional Investors Weigh In On BETA Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the business. Parallel Advisors LLC lifted its holdings in BETA Technologies by 26.0% in the first quarter. Parallel Advisors LLC now owns 3,323 shares of the company’s stock worth $49,000 after acquiring an additional 685 shares during the last quarter. Rockefeller Capital Management L.P. bought a new position in shares of BETA Technologies during the fourth quarter valued at approximately $35,000. Allworth Financial LP grew its holdings in shares of BETA Technologies by 257.2% during the second quarter. Allworth Financial LP now owns 1,786 shares of the company’s stock valued at $30,000 after purchasing an additional 1,286 shares during the last quarter. IFP Advisors Inc grew its holdings in shares of BETA Technologies by 555.6% during the second quarter. IFP Advisors Inc now owns 1,803 shares of the company’s stock valued at $30,000 after purchasing an additional 1,528 shares during the last quarter. Finally, California State Teachers Retirement System acquired a new stake in shares of BETA Technologies during the 1st quarter worth approximately $27,000.

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.