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

BETA Technologies Inc (NYSE:BETA) insider Kyle Clark sold 15,000 shares of the business’s stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $16.51, for a total value of $247,650.00. Following the completion of the sale, the insider directly owned 5,599,837 shares of the company’s stock, valued at $92,453,308.87. The trade was a 0.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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.
• On Monday, June 22nd, Kyle Clark sold 15,000 shares of BETA Technologies stock. The shares were 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 shares were sold at an average price of $15.78, for a total value 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 value of $238,350.00.
• On Thursday, May 7th, Kyle Clark sold 4,965 shares of BETA Technologies stock. The shares were sold at an average price of $18.12, for a total value of $89,965.80.
• On Thursday, May 7th, Kyle Clark sold 67,296 shares of BETA Technologies stock. The stock was 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. BETA Technologies Inc has a 1 year low of $13.43 and a 1 year high of $39.50. The company has a debt-to-equity ratio of 0.10, a current ratio of 21.36 and a quick ratio of 21.37. The firm has a market cap of $3.71 billion and a price-to-earnings ratio of -1.35. The company has a fifty day moving average price of $16.69 and a 200-day moving average price of $20.11.

BETA Technologies (NYSE:BETA) last released its quarterly earnings results on Tuesday, May 12th. The company reported ($0.53) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.74) by $0.21. The firm 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. As a group, equities research analysts predict that BETA Technologies Inc will post -2.13 EPS for the current fiscal year.

Hedge Funds Weigh In On BETA Technologies

Several institutional investors have recently bought and sold shares of BETA. General Electric Co purchased a new stake in BETA Technologies in the fourth quarter worth $644,962,000. TPG GP A LLC purchased a new position in shares of BETA Technologies during the 4th quarter valued at $462,515,000. Amazon Com Inc. bought a new position in shares of BETA Technologies during the 4th quarter worth $331,577,000. Vanguard Group Inc. purchased a new stake in BETA Technologies in the 4th quarter worth about $77,089,000. Finally, Norges Bank purchased a new stake in BETA Technologies in the 4th quarter worth about $41,485,000.

Analyst Ratings Changes

Several research firms have commented on BETA. Cantor Fitzgerald dropped their target price 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. Citigroup reduced their target price on BETA Technologies from $33.00 to $25.00 and set a “buy” rating for the company in a report on Monday, May 18th. Needham & Company LLC reiterated a “buy” rating and set a $34.00 price target on shares of BETA Technologies in a report on Wednesday, May 13th. BTIG Research cut their price objective on BETA Technologies from $40.00 to $33.00 and set a “buy” rating on the stock in a research report on Wednesday, May 20th. Finally, Jefferies Financial Group reduced their price objective on BETA Technologies from $30.00 to $29.00 and set a “buy” rating for the company in a research note on Tuesday, March 10th. Nine equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, BETA Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.11.

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.