BETA Technologies (NYSE:BETA) Insider Sells $762,600.00 in Stock

Key Points

• Insider sale: Kyle Clark sold 30,000 BETA Technologies shares for approximately $762,600, reducing his stake by 0.55% to 5.4 million shares. He has also made several additional sales in recent weeks.
• Financial performance: BETA shares closed at $24.90, well above their 52-week low of $13.43 but below the $39.50 high. The company missed quarterly EPS expectations, reporting a loss of $0.64 per share versus the estimated $0.56 loss.
• Analyst outlook: Wall Street maintains a “Moderate Buy” consensus, with nine Buy ratings, one Hold, and one Sell. The average analyst price target is $31.11, suggesting potential upside from the latest share price.

BETA Technologies Inc (NYSE:BETA - Get Free Report) insider Kyle Clark sold 30,000 shares of BETA Technologies stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $25.42, for a total transaction of $762,600.00. Following the completion of the transaction, the insider owned 5,396,941 shares of the company's stock, valued at $137,190,240.22. This trade represents a 0.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• 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 value of $352,050.00.
• On Tuesday, August 11th, Kyle Clark sold 17,005 shares of BETA Technologies stock. The shares were sold at an average price of $24.46, for a total value 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 stock was sold at an average price of $23.25, for a total value 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 value of $261,150.00.
• On Monday, June 29th, Kyle Clark sold 15,000 shares of BETA Technologies stock. The shares were 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 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 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 shares were sold at an average price of $15.78, for a total transaction of $236,700.00.

BETA Technologies Price Performance

Shares of NYSE BETA traded down $1.34 during trading on Friday, reaching $24.90. The company had a trading volume of 3,435,255 shares, compared to its average volume of 1,515,582. BETA Technologies Inc has a 52 week low of $13.43 and a 52 week high of $39.50. The stock has a market cap of $5.53 billion and a PE ratio of -1.91. 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 50 day moving average price is $18.34 and its 200-day moving average price is $17.78.

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

Institutional Trading of BETA Technologies

Several institutional investors and hedge funds have recently made changes to their positions in the business. Parallel Advisors LLC lifted its stake in shares of BETA Technologies by 26.0% in the 1st quarter. Parallel Advisors LLC now owns 3,323 shares of the company's stock valued at $49,000 after purchasing an additional 685 shares during the period. Sandia Investment Management LP bought a new stake in BETA Technologies in the fourth quarter valued at about $26,000. Rockefeller Capital Management L.P. bought a new stake in BETA Technologies in the fourth quarter valued at about $35,000. Manchester Capital Management LLC acquired a new position in BETA Technologies in the fourth quarter valued at about $38,000. Finally, California State Teachers Retirement System acquired a new position in BETA Technologies in the first quarter valued at about $27,000.

Wall Street Analysts Forecast Growth

BETA has been the topic of a number of recent research reports. The Goldman Sachs Group decreased their price objective on BETA Technologies from $38.00 to $34.00 and set a "buy" rating on the stock in a research report on Monday, April 20th. BTIG Research restated a "buy" rating and set a $33.00 target price on shares of BETA Technologies in a research report on Thursday. Weiss Ratings raised BETA Technologies from a "sell (d-)" rating to a "sell (d)" rating in a research note on Tuesday, August 4th. Needham & Company LLC reiterated a "buy" rating and issued a $34.00 price target on shares of BETA Technologies in a report on Wednesday. Finally, Cantor Fitzgerald reiterated an "overweight" rating and issued a $31.00 price target on shares of BETA Technologies in a report on Thursday. 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. According to data from MarketBeat, BETA Technologies currently has an average 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.

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