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 business’s stock in a transaction dated Wednesday, November 11th. The stock was sold at an average price of $28.34, for a total transaction of $283,400.00. Following the transaction, the insider owned 4,885,936 shares in the company, valued at approximately $138,467,426.24. The trade was a 0.20% decrease in their position. The transaction 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 Monday, November 9th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $28.05, for a total transaction of $280,500.00.
• On Friday, November 6th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $26.39, for a total value of $263,900.00.
• On Wednesday, November 4th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $24.90, for a total value of $249,000.00.
• On Monday, November 2nd, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $20.69, for a total value of $206,900.00.
• 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 value of $199,200.00.
• On Wednesday, October 28th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $20.24, for a total value of $202,400.00.
• 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 value 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 stock was sold at an average price of $18.11, for a total value of $181,100.00.

BETA Technologies Price Performance

Shares of NYSE:BETA opened at $25.23 on Friday. The firm has a market capitalization of $5.71 billion and a PE ratio of -6.82. The company has a current ratio of 11.51, a quick ratio of 11.51 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 $36.43. The business’s 50 day moving average is $21.55 and its 200-day moving average is $19.09.

BETA Technologies (NYSE:BETA) last issued its earnings results on Tuesday, November 3rd. The company reported ($0.51) EPS for the quarter, beating analysts’ consensus estimates of ($0.54) by $0.03. The business had revenue of $17.67 million during the quarter. BETA Technologies had a negative return on equity of 32.36% and a negative net margin of 1,007.80%. The business’s revenue for the quarter was up 98.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($9.83) earnings per share. Sell-side analysts predict that BETA Technologies Inc will post -2.22 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Masters Capital Management LLC bought a new stake in BETA Technologies during the 1st quarter worth approximately $10,290,000. Bank of America Corp DE increased its holdings in BETA Technologies by 117.2% during the 1st quarter. Bank of America Corp DE now owns 348,097 shares of the company’s stock valued at $5,117,000 after purchasing an additional 187,807 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in BETA Technologies during the 2nd quarter valued at $2,877,000. Cliftonlarsonallen Wealth Advisors LLC bought a new position in BETA Technologies in the 3rd quarter valued at $2,905,000. Finally, Squarepoint Ops LLC bought a new position in BETA Technologies in the 2nd quarter valued at $2,045,000.

Analyst Upgrades and Downgrades

Several brokerages recently commented on BETA. Wall Street Zen raised BETA Technologies from a “sell” rating to a “hold” rating in a research note on Sunday, November 1st. Needham & Company LLC lowered their price target on BETA Technologies from $34.00 to $28.00 and set a “buy” rating on the stock in a research report on Wednesday, November 4th. Cantor Fitzgerald reiterated an “overweight” rating and set a $31.00 price objective on shares of BETA Technologies in a research note on Wednesday, November 4th. Citigroup reissued a “buy” rating on shares of BETA Technologies in a report on Thursday, August 13th. Finally, Jefferies Financial Group downgraded shares of BETA Technologies from a “buy” rating to a “hold” rating and reduced their target price for the company from $29.00 to $27.00 in a research note on Monday. Nine investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, BETA Technologies has a consensus rating of “Moderate Buy” and an average price target of $30.70.

About BETA Technologies

BETA Technologies is an aerospace company that develops electric aircraft, electric propulsion systems and supporting charging infrastructure. Founded in 2017 by pilot and engineer Kyle Clark, the company is based in South Burlington, Vermont, and Clark serves as its chief executive officer. Its aircraft include the ALIA-250, designed for vertical takeoff and landing, and the CX300, a conventional takeoff-and-landing electric aircraft. BETA is developing these platforms for applications such as cargo transport, medical logistics and defense, with an emphasis on quieter, lower-emission flight.