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

Key Points

• Insider Kyle Clark sold 15,000 BETA shares at an average price of $23.47, generating $352,050; he still owns approximately 5.43 million shares.
• Clark has made multiple additional sales recently, including 30,000 shares on August 13, while BETA stock traded at $24.90 and remained well above its 50-day and 200-day moving averages.
• BETA missed its latest earnings estimate, reporting a quarterly loss of $0.64 per share versus expectations of $0.56, but analysts maintain a consensus “Moderate Buy” rating with an average price target of $31.11.

BETA Technologies Inc (NYSE:BETA - Get Free Report) insider Kyle Clark sold 15,000 shares of the stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $23.47, for a total value of $352,050.00. Following the transaction, the insider owned 5,426,941 shares in the company, valued at approximately $127,370,305.27. This trade represents a 0.28% decrease in their position. The sale 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 Thursday, August 13th, Kyle Clark sold 30,000 shares of BETA Technologies stock. The shares were sold at an average price of $25.42, for a total transaction of $762,600.00.
• 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 stock was sold at an average price of $24.24, for a total transaction of $385,197.84.
• On Friday, August 7th, Kyle Clark sold 15,000 shares of BETA Technologies stock. The shares were sold at an average price of $23.25, for a total transaction of $348,750.00.
• On Wednesday, July 1st, Kyle Clark sold 15,000 shares of BETA Technologies stock. The stock was 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 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.
• 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 transaction 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.

BETA Technologies Stock Performance

Shares of BETA Technologies stock traded down $1.34 during trading on Friday, reaching $24.90. The company's stock had a trading volume of 3,435,255 shares, compared to its average volume of 1,515,582. The company has a debt-to-equity ratio of 0.10, a quick ratio of 21.37 and a current ratio of 21.36. The business's fifty day moving average price is $18.34 and its 200-day moving average price is $17.78. The firm has a market cap of $5.53 billion and a price-to-earnings ratio of -1.91. BETA Technologies Inc has a one year low of $13.43 and a one year high of $39.50.

BETA Technologies (NYSE:BETA - Get Free Report) last announced its earnings results on Wednesday, August 12th. The company reported ($0.64) earnings per share for the quarter, missing the consensus estimate of ($0.56) by ($0.08). BETA Technologies had a negative net margin of 1,913.91% and a negative return on equity of 131.90%. The business had revenue of $14.66 million for the quarter. As a group, equities research analysts predict that BETA Technologies Inc will post -2.17 earnings per share for the current year.

Institutional Trading of BETA Technologies

A number of hedge funds have recently modified their holdings of the company. Sandia Investment Management LP acquired a new stake in shares of BETA Technologies during the 4th quarter worth approximately $26,000. California State Teachers Retirement System acquired a new position in shares of BETA Technologies in the first quarter valued at $27,000. Rockefeller Capital Management L.P. acquired a new position in shares of BETA Technologies in the fourth quarter valued at $35,000. Manchester Capital Management LLC bought a new position in BETA Technologies in the fourth quarter worth $38,000. Finally, Parallel Advisors LLC lifted its position in BETA Technologies by 26.0% in the first quarter. Parallel Advisors LLC now owns 3,323 shares of the company's stock worth $49,000 after purchasing an additional 685 shares during the period.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. BTIG Research reissued a "buy" rating and issued a $33.00 price objective on shares of BETA Technologies in a research report on Thursday. Weiss Ratings raised shares of BETA Technologies from a "sell (d-)" rating to a "sell (d)" rating in a research report on Tuesday, August 4th. Citigroup reiterated a "buy" rating on shares of BETA Technologies in a research note on Thursday. Needham & Company LLC reissued a "buy" rating and issued a $34.00 price target on shares of BETA Technologies in a report on Wednesday. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $31.00 price target on shares of BETA Technologies in a research report on Thursday. Nine equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price 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.

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