BETA Technologies (NYSE:BETA) Insider Kyle Clark Sells 15,000 Shares

BETA Technologies Inc (NYSE:BETA) insider Kyle Clark sold 15,000 shares of the stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $15.83, for a total value of $237,450.00. Following the completion of the sale, the insider owned 5,629,837 shares in the company, valued at $89,120,319.71. This trade represents a 0.27% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• 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 value of $247,650.00.
• 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 transaction of $236,700.00.
• On Tuesday, June 16th, Kyle Clark sold 15,000 shares of BETA Technologies stock. The shares were sold at an average price of $15.89, for a total transaction of $238,350.00.
• On Thursday, May 7th, Kyle Clark sold 4,965 shares of BETA Technologies stock. The stock was sold at an average price of $18.12, for a total transaction of $89,965.80.
• On Thursday, May 7th, Kyle Clark sold 67,296 shares of BETA Technologies stock. The shares were sold at an average price of $18.12, for a total transaction of $1,219,403.52.

BETA Technologies Stock Performance

NYSE:BETA opened at $16.67 on Friday. The company has a market capitalization of $3.71 billion and a price-to-earnings ratio of -1.35. The company has a debt-to-equity ratio of 0.10, a current ratio of 21.36 and a quick ratio of 21.37. BETA Technologies Inc has a 1-year low of $13.43 and a 1-year high of $39.50. The business has a 50 day moving average of $16.69 and a 200 day moving average of $20.11.

BETA Technologies (NYSE:BETA) last posted its quarterly earnings results on Tuesday, May 12th. The company reported ($0.53) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.74) by $0.21. The company had revenue of $10.13 million for the quarter. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. On average, sell-side analysts predict that BETA Technologies Inc will post -2.13 earnings per share for the current fiscal year.

Institutional Trading of BETA Technologies

Hedge funds and other institutional investors have recently modified their holdings of the business. Sandia Investment Management LP bought a new position in shares of BETA Technologies in the 4th quarter worth about $26,000. California State Teachers Retirement System purchased a new stake in BETA Technologies in the first quarter worth about $27,000. Rockefeller Capital Management L.P. bought a new position in shares of BETA Technologies during the fourth quarter valued at approximately $35,000. Manchester Capital Management LLC bought a new position in shares of BETA Technologies during the fourth quarter valued at approximately $38,000. Finally, Wolff Wiese Magana LLC purchased a new position in shares of BETA Technologies during the fourth quarter valued at approximately $42,000.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Needham & Company LLC reissued a “buy” rating and set a $34.00 target price on shares of BETA Technologies in a research note on Wednesday, May 13th. BTIG Research reduced their price objective on shares of BETA Technologies from $40.00 to $33.00 and set a “buy” rating on the stock in a research report on Wednesday, May 20th. The Goldman Sachs Group decreased their price objective on shares of BETA Technologies from $38.00 to $34.00 and set a “buy” rating for the company in a report on Monday, April 20th. Citigroup cut their target price on shares of BETA Technologies from $33.00 to $25.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Finally, Cantor Fitzgerald reduced their price target on shares of BETA Technologies from $38.00 to $31.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 13th. Nine investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, BETA Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $31.11.

About BETA Technologies

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.