BETA Technologies (NYSE:BETA) Insider Sells $261,150.00 in Stock

BETA Technologies Inc (NYSE:BETA) insider Kyle Clark sold 15,000 shares of the company’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $17.41, for a total transaction of $261,150.00. Following the transaction, the insider owned 5,554,837 shares of the company’s stock, valued at approximately $96,709,712.17. This trade represents a 0.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, June 29th, Kyle Clark sold 15,000 shares of BETA Technologies stock. The stock was 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 stock was 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 stock was sold at an average price of $15.74, for a total transaction 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 value of $236,700.00.
• On Tuesday, June 16th, Kyle Clark sold 15,000 shares of BETA Technologies stock. The stock was 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 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 value of $1,219,403.52.

BETA Technologies Trading Up 5.0%

NYSE BETA traded up $0.91 during trading hours on Monday, reaching $19.02. The company had a trading volume of 1,244,917 shares, compared to its average volume of 1,505,581. The company has a current ratio of 21.36, a quick ratio of 21.37 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $4.23 billion and a P/E ratio of -1.54. The stock has a 50-day moving average of $16.72 and a 200 day moving average of $19.56. BETA Technologies Inc has a 1-year low of $13.43 and a 1-year high of $39.50.

BETA Technologies (NYSE:BETA) last posted its quarterly earnings data on Tuesday, May 12th. The company reported ($0.53) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.74) by $0.21. The company had revenue of $10.13 million for the quarter. BETA Technologies’s revenue was up 5.2% on a year-over-year basis. As a group, research analysts anticipate that BETA Technologies Inc will post -2.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently issued reports on BETA. Cantor Fitzgerald decreased their target price on BETA Technologies from $38.00 to $31.00 and set an “overweight” rating for the company in a report on Wednesday, May 13th. Morgan Stanley dropped their target price on BETA Technologies from $34.00 to $33.00 and set an “overweight” rating on the stock in a report on Tuesday, March 10th. The Goldman Sachs Group decreased their price target on BETA Technologies from $38.00 to $34.00 and set a “buy” rating for the company in a report on Monday, April 20th. BTIG Research cut their target price 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 lowered their price target on BETA Technologies from $30.00 to $29.00 and set a “buy” rating for the company in a report on Tuesday, March 10th. Nine investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $31.11.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in BETA. Green Alpha Advisors LLC acquired a new position in BETA Technologies during the fourth quarter worth $603,000. SG Americas Securities LLC purchased a new stake in shares of BETA Technologies in the fourth quarter valued at about $1,386,000. Wolff Wiese Magana LLC acquired a new position in shares of BETA Technologies during the 4th quarter worth approximately $42,000. Stratos Wealth Partners LTD. purchased a new stake in BETA Technologies in the 4th quarter valued at approximately $360,000. Finally, Capricorn Fund Managers Ltd purchased a new stake in shares of BETA Technologies in the fourth quarter valued at $564,000.

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.