Insider Selling: BETA Technologies (NYSE:BETA) Insider Sells $752,400.00 in Stock

BETA Technologies Inc (NYSE:BETA) insider Kyle Clark sold 30,000 shares of BETA Technologies stock in a transaction on Monday, August 17th. The stock was sold at an average price of $25.08, for a total transaction of $752,400.00. Following the completion of the transaction, the insider owned 5,349,141 shares in the company, valued at $134,156,456.28. This trade represents a 0.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• 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 stock was 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 shares were 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 stock was 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.
• On Friday, June 26th, Kyle Clark sold 15,000 shares of BETA Technologies stock. The stock was 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.

BETA Technologies Price Performance

Shares of BETA Technologies stock opened at $25.45 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 14.47 and a quick ratio of 14.47. BETA Technologies Inc has a fifty-two week low of $13.43 and a fifty-two week high of $39.50. The firm has a fifty day moving average price of $19.24 and a two-hundred day moving average price of $17.87. The company has a market cap of $5.74 billion and a PE ratio of -1.95.

BETA Technologies (NYSE:BETA) last posted its quarterly earnings data 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 company 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%. Analysts expect that BETA Technologies Inc will post -2.22 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on BETA. Weiss Ratings cut BETA Technologies from a “sell (d)” rating to a “sell (d-)” rating in a report on Tuesday. BTIG Research restated a “buy” rating and set a $33.00 price objective on shares of BETA Technologies in a research report on Thursday, August 13th. Cantor Fitzgerald restated an “overweight” rating and issued a $31.00 target price on shares of BETA Technologies in a research note on Thursday, August 13th. Needham & Company LLC reaffirmed a “buy” rating and issued a $34.00 target price on shares of BETA Technologies in a research report on Wednesday, August 12th. Finally, Citigroup reiterated a “buy” rating on shares of BETA Technologies in a research note on Thursday, August 13th. Nine investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, BETA Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $31.11.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp acquired a new position in shares of BETA Technologies during the second quarter worth approximately $2,877,000. Parallel Advisors LLC boosted its position in BETA Technologies by 26.0% in the 1st quarter. Parallel Advisors LLC now owns 3,323 shares of the company’s stock valued at $49,000 after buying an additional 685 shares during the last quarter. Bank of America Corp DE increased its stake in shares of BETA Technologies by 117.2% in the 1st quarter. Bank of America Corp DE now owns 348,097 shares of the company’s stock valued at $5,117,000 after buying an additional 187,807 shares during the period. California State Teachers Retirement System bought a new stake in shares of BETA Technologies during the first quarter worth $27,000. Finally, Readystate Asset Management LP lifted its stake in shares of BETA Technologies by 19.0% during the first quarter. Readystate Asset Management LP now owns 25,000 shares of the company’s stock valued at $368,000 after acquiring an additional 4,000 shares during the period.

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.