BETA Technologies (NYSE:BETA) Insider Sells 17,800 Shares of Stock

Key Points

• Insider Kyle Clark sold 17,800 BETA shares at an average price of $24.66, generating $438,948. After the transaction, he still owned approximately 5.38 million shares valued at $132.6 million.
• BETA Technologies shares recently traded at $26.79, near the upper end of their recent range, but the company reported a quarterly loss of $0.64 per share, missing expectations of a $0.56 loss, on revenue of $14.66 million.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $31.11; nine analysts rate the stock Buy, compared with one Hold and one Sell.

BETA Technologies Inc (NYSE:BETA - Get Free Report) insider Kyle Clark sold 17,800 shares of BETA Technologies stock in a transaction on Friday, August 14th. The shares were sold at an average price of $24.66, for a total value of $438,948.00. Following the completion of the sale, the insider directly owned 5,379,141 shares of the company's stock, valued at approximately $132,649,617.06. This represents a 0.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, August 17th, Kyle Clark sold 30,000 shares of BETA Technologies stock. The stock was sold at an average price of $25.08, for a total value of $752,400.00.
• 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 Wednesday, August 12th, Kyle Clark sold 15,000 shares of BETA Technologies stock. The stock was sold at an average price of $23.47, for a total transaction of $352,050.00.
• 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 shares were sold at an average price of $24.24, for a total value 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 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 transaction of $237,450.00.

BETA Technologies Price Performance

NYSE:BETA traded up $1.19 during mid-day trading on Tuesday, reaching $26.79. 3,018,978 shares of the stock were exchanged, compared to its average volume of 1,769,555. The company has a current ratio of 14.47, a quick ratio of 14.47 and a debt-to-equity ratio of 0.11. The business has a fifty day moving average price of $18.86 and a 200 day moving average price of $17.81. BETA Technologies Inc has a 1-year low of $13.43 and a 1-year high of $39.50. The firm has a market capitalization of $6.04 billion and a PE ratio of -2.06.

BETA Technologies (NYSE:BETA - Get Free Report) last announced its earnings results on Wednesday, August 12th. The company reported ($0.64) EPS for the quarter, missing the consensus estimate of ($0.56) by ($0.08). BETA Technologies had a negative return on equity of 96.24% and a negative net margin of 1,913.91%.The firm had revenue of $14.66 million during the quarter. Research analysts expect that BETA Technologies Inc will post -2.22 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently issued reports on BETA. Weiss Ratings upgraded BETA Technologies from a "sell (d-)" rating to a "sell (d)" rating in a report on Tuesday, August 4th. Cantor Fitzgerald reissued an "overweight" rating and set a $31.00 price target on shares of BETA Technologies in a research report on Thursday, August 13th. Citigroup restated a "buy" rating on shares of BETA Technologies in a research report on Thursday, August 13th. Needham & Company LLC reiterated a "buy" rating and issued a $34.00 target price on shares of BETA Technologies in a research report on Wednesday, August 12th. Finally, BTIG Research reissued a "buy" rating and set a $33.00 target price on shares of BETA Technologies in a research report on Thursday, August 13th. Nine investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, BETA Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $31.11.

Hedge Funds Weigh In On BETA Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sandia Investment Management LP acquired a new stake in shares of BETA Technologies in the fourth quarter worth $26,000. California State Teachers Retirement System acquired a new position in BETA Technologies in the 1st quarter valued at $27,000. Rockefeller Capital Management L.P. bought a new position in BETA Technologies in the 4th quarter worth $35,000. Manchester Capital Management LLC bought a new position in BETA Technologies in the 4th quarter worth $38,000. Finally, Parallel Advisors LLC lifted its position in BETA Technologies by 26.0% during the 1st quarter. Parallel Advisors LLC now owns 3,323 shares of the company's stock worth $49,000 after acquiring an additional 685 shares during the last quarter.

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.

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