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 company’s stock in a transaction dated Wednesday, October 28th. The stock was sold at an average price of $20.24, for a total transaction of $202,400.00. Following the completion of the sale, the insider owned 4,985,936 shares in the company, valued at approximately $100,915,344.64. This trade represents a 0.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Friday, October 30th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $19.92, for a total transaction of $199,200.00.
• On Friday, October 23rd, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $19.19, for a total transaction of $191,900.00.
• 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 value of $197,600.00.
• On Wednesday, October 21st, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $19.06, for a total value 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 value 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 value of $185,100.00.
• On Wednesday, October 14th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $17.58, for a total value 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 value of $199,100.00.
• On Friday, October 9th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $20.66, for a total value 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 value of $201,900.00.

BETA Technologies Trading Down 2.6%

BETA opened at $20.04 on Friday. The stock has a 50-day moving average price of $20.85 and a 200-day moving average price of $19.13. The company has a quick ratio of 14.47, a current ratio of 14.47 and a debt-to-equity ratio of 0.11. BETA Technologies Inc has a 1 year low of $13.43 and a 1 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 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 firm had revenue of $14.66 million during the quarter. On average, equities research analysts anticipate that BETA Technologies Inc will post -2.25 EPS for the current fiscal year.

Institutional Investors Weigh In On BETA Technologies

Large investors have recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. bought a new position in BETA Technologies in the fourth quarter valued at about $35,000. Allworth Financial LP boosted its position in BETA Technologies by 257.2% in the second quarter. Allworth Financial LP now owns 1,786 shares of the company’s stock worth $30,000 after purchasing an additional 1,286 shares during the last quarter. IFP Advisors Inc boosted its position in BETA Technologies by 555.6% in the second quarter. IFP Advisors Inc now owns 1,803 shares of the company’s stock worth $30,000 after purchasing an additional 1,528 shares during the last quarter. California State Teachers Retirement System bought a new stake in shares of BETA Technologies during the 1st quarter valued at about $27,000. Finally, Sterling Capital Management LLC grew its stake in shares of BETA Technologies by 433.0% during the 3rd quarter. Sterling Capital Management LLC now owns 2,761 shares of the company’s stock valued at $61,000 after purchasing an additional 2,243 shares during the period.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on BETA shares. Cantor Fitzgerald reissued an “overweight” rating and set a $31.00 price target on shares of BETA Technologies in a research report on Monday, October 5th. Weiss Ratings raised BETA Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, September 14th. BTIG Research reaffirmed a “buy” rating and issued a $33.00 price objective on shares of BETA Technologies in a research report on Thursday, August 13th. Citigroup reiterated a “buy” rating on shares of BETA Technologies in a research note on Thursday, August 13th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $34.00 target price on shares of BETA Technologies in a report on Wednesday, October 21st. Ten analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, BETA Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $31.50.

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.