Kyle Clark Sells 30,000 Shares of BETA Technologies (NYSE:BETA) Stock

BETA Technologies Inc (NYSE:BETA) insider Kyle Clark sold 30,000 shares of the stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $25.42, for a total transaction of $762,600.00. Following the completion of the sale, the insider owned 5,396,941 shares in the company, valued at $137,190,240.22. This represents a 0.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• 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 transaction 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 transaction 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 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 shares were 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 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 value 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 value of $236,700.00.

BETA Technologies Trading Down 5.1%

BETA stock traded down $1.34 during midday trading on Friday, hitting $24.90. 3,435,255 shares of the company’s stock were exchanged, compared to its average volume of 1,515,582. The stock’s fifty day moving average price is $18.34 and its 200-day moving average price is $17.78. The company has a debt-to-equity ratio of 0.10, a quick ratio of 21.37 and a current ratio of 21.36. The company has a market cap of $5.53 billion and a PE ratio of -1.91. BETA Technologies Inc has a one year low of $13.43 and a one year high of $39.50.

BETA Technologies (NYSE:BETA) last announced its quarterly earnings results on Wednesday, August 12th. The company reported ($0.64) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.56) by ($0.08). The business had revenue of $14.66 million during the quarter. BETA Technologies had a negative return on equity of 131.90% and a negative net margin of 1,913.91%. Research analysts predict that BETA Technologies Inc will post -2.17 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BETA Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the company. Sandia Investment Management LP bought a new stake in BETA Technologies in the 4th quarter valued at approximately $26,000. Rockefeller Capital Management L.P. bought a new position in shares of BETA Technologies during the 4th quarter worth approximately $35,000. Manchester Capital Management LLC bought a new position in shares of BETA Technologies during the 4th quarter worth approximately $38,000. California State Teachers Retirement System bought a new position in shares of BETA Technologies during the 1st quarter worth approximately $27,000. Finally, Kestra Advisory Services LLC acquired a new stake in shares of BETA Technologies in the fourth quarter valued at approximately $70,000.

Analyst Ratings Changes

A number of analysts recently issued reports on BETA shares. The Goldman Sachs Group lowered their target price on BETA Technologies from $38.00 to $34.00 and set a “buy” rating for the company in a research note on Monday, April 20th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $31.00 price target on shares of BETA Technologies in a research note on Thursday. Needham & Company LLC reiterated a “buy” rating and issued a $34.00 price target on shares of BETA Technologies in a report on Wednesday. BTIG Research reissued a “buy” rating and set a $33.00 price objective on shares of BETA Technologies in a research report on Thursday. Finally, Citigroup restated a “buy” rating on shares of BETA Technologies in a report on Thursday. Nine equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, BETA Technologies currently has an average rating of “Moderate Buy” and a consensus price target 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.