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 firm’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $26.74, for a total transaction of $802,200.00. Following the completion of the transaction, the insider directly owned 5,289,141 shares of the company’s stock, valued at approximately $141,431,630.34. This represents a 0.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Friday, August 21st, Kyle Clark sold 23,205 shares of BETA Technologies stock. The stock was sold at an average price of $25.22, for a total transaction of $585,230.10.
• 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 transaction 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 value of $762,600.00.
• On Wednesday, August 12th, Kyle Clark sold 15,000 shares of BETA Technologies stock. The stock was sold at an average price of $23.47, for a total value of $352,050.00.
• 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 Monday, August 10th, Kyle Clark sold 15,891 shares of BETA Technologies stock. The stock was 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 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 value 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 Trading Down 3.0%

Shares of NYSE:BETA opened at $24.71 on Friday. BETA Technologies Inc has a 52-week low of $13.43 and a 52-week high of $39.50. The stock has a market cap of $5.57 billion and a price-to-earnings ratio of -1.90. The company has a quick ratio of 14.47, a current ratio of 14.47 and a debt-to-equity ratio of 0.11. The business has a 50-day moving average price of $19.41 and a 200-day moving average price of $17.91.

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

Wall Street Analyst Weigh In

Several research firms have recently commented on BETA. Cantor Fitzgerald reaffirmed 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 report on Thursday, August 13th. Needham & Company LLC restated a “buy” rating and set a $34.00 target price on shares of BETA Technologies in a research report on Wednesday, August 12th. BTIG Research restated a “buy” rating and set a $33.00 target price on shares of BETA Technologies in a research report on Thursday, August 13th. Finally, Weiss Ratings lowered shares of BETA Technologies from a “sell (d)” rating to a “sell (d-)” rating in a report on Tuesday. Nine analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $31.11.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. General Electric Co purchased a new position in shares of BETA Technologies during the 4th quarter valued at approximately $644,962,000. Vanguard Group Inc. purchased a new stake in BETA Technologies during the fourth quarter worth $77,089,000. Bank of New York Mellon Corp purchased a new stake in BETA Technologies during the first quarter worth $1,162,000. Masters Capital Management LLC purchased a new stake in BETA Technologies during the first quarter worth $10,290,000. Finally, Pictet Asset Management Holding SA acquired a new stake in BETA Technologies during the fourth quarter valued at $10,896,000.

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.