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

Key Points

• Insider sale: Kyle Clark sold 15,000 BETA Technologies shares at an average of $23.25, generating $348,750. He still directly owns 5.47 million shares valued at approximately $127.3 million.
• Recent trading activity: Clark has made several additional stock sales in recent months, including more than 32,000 shares during August 10–11 at prices above $24.
• Stock and outlook: BETA shares recently traded at $24.60, while analysts maintain a “Moderate Buy” consensus with an average price target of $31.11. The company exceeded quarterly EPS expectations, although it remains unprofitable.

BETA Technologies Inc (NYSE:BETA - Get Free Report) insider Kyle Clark sold 15,000 shares of BETA Technologies stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $23.25, for a total transaction of $348,750.00. Following the transaction, the insider directly owned 5,474,837 shares of the company's stock, valued at approximately $127,289,960.25. This trade represents a 0.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Tuesday, August 11th, Kyle Clark sold 17,005 shares of BETA Technologies stock. The stock was sold at an average price of $24.46, for a total transaction of $415,942.30.
• On Monday, August 10th, Kyle Clark sold 15,891 shares of BETA Technologies stock. The shares were sold at an average price of $24.24, for a total transaction of $385,197.84.
• 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 transaction of $261,150.00.
• 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 transaction of $245,700.00.
• 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 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 value 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 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 stock was sold at an average price of $15.89, for a total value of $238,350.00.

BETA Technologies Price Performance

Shares of NYSE:BETA traded up $0.84 during midday trading on Tuesday, reaching $24.60. 2,618,409 shares of the company's stock traded hands, compared to its average volume of 1,486,748. The company has a fifty day simple moving average of $17.94 and a two-hundred day simple moving average of $17.79. BETA Technologies Inc has a 1 year low of $13.43 and a 1 year high of $39.50. The company has a market cap of $5.47 billion and a P/E ratio of -1.99. The company has a debt-to-equity ratio of 0.10, a quick ratio of 21.37 and a current ratio of 21.36.

BETA Technologies (NYSE:BETA - Get Free Report) 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. The firm's revenue was up 5.2% compared to the same quarter last year. Equities analysts predict that BETA Technologies Inc will post -2.17 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

BETA has been the subject of several research analyst reports. Needham & Company LLC restated a "buy" rating and set a $34.00 price target on shares of BETA Technologies in a research report on Wednesday, May 13th. Citigroup lowered their price objective on BETA Technologies from $33.00 to $25.00 and set a "buy" rating on the stock in a report on Monday, May 18th. Cantor Fitzgerald cut their price objective on BETA Technologies from $38.00 to $31.00 and set an "overweight" rating for the company in a research note on Wednesday, May 13th. BTIG Research reduced their target price on BETA Technologies from $40.00 to $33.00 and set a "buy" rating for the company in a report on Wednesday, May 20th. Finally, Weiss Ratings upgraded BETA Technologies from a "sell (d-)" rating to a "sell (d)" rating in a research report on Tuesday, August 4th. Nine research 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 MarketBeat, the company currently 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 made changes to their positions in the stock. Sandia Investment Management LP purchased a new stake in shares of BETA Technologies in the fourth quarter valued at approximately $26,000. Rockefeller Capital Management L.P. acquired a new stake in BETA Technologies during the fourth quarter worth about $35,000. Manchester Capital Management LLC purchased a new position in BETA Technologies during the fourth quarter worth about $38,000. California State Teachers Retirement System purchased a new position in BETA Technologies during the first quarter worth about $27,000. Finally, Kestra Advisory Services LLC acquired a new position in BETA Technologies in the 4th quarter valued at about $70,000.

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.

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