79,032 Shares in BETA Technologies Inc $BETA Acquired by Bank of New York Mellon Corp

Key Points

• Bank of New York Mellon acquired 79,032 shares of BETA Technologies during the first quarter, valued at approximately $1.16 million. Several other investment firms also initiated positions.
• BETA shares were trading at $23.73 after declining 3.5%. The company reported quarterly revenue of $14.66 million and an EPS loss of $0.64, missing analysts’ expected loss of $0.56.
• Analysts remain broadly optimistic, with a consensus “Moderate Buy” rating and an average price target of $31.11, although several firms recently lowered their targets. BETA also guided for fiscal 2026 revenue of $42 million to $50 million while continuing to forecast a full-year loss.

Bank of New York Mellon Corp purchased a new position in BETA Technologies Inc (NYSE:BETA - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 79,032 shares of the company's stock, valued at approximately $1,162,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Sandia Investment Management LP bought a new stake in shares of BETA Technologies during the fourth quarter valued at approximately $26,000. Rockefeller Capital Management L.P. bought a new position in shares of BETA Technologies in the 4th quarter worth $35,000. Manchester Capital Management LLC bought a new position in shares of BETA Technologies in the 4th quarter worth $38,000. Kestra Advisory Services LLC acquired a new stake in BETA Technologies in the 4th quarter valued at $70,000. Finally, Parallel Advisors LLC acquired a new stake in BETA Technologies in the 4th quarter valued at $74,000.

BETA Technologies Trading Down 3.5%

NYSE BETA opened at $23.73 on Thursday. 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 business has a fifty day simple moving average of $18.17 and a 200 day simple moving average of $17.77. BETA Technologies Inc has a 12 month low of $13.43 and a 12 month high of $39.50. The firm has a market capitalization of $5.27 billion and a P/E ratio of -1.92.

BETA Technologies (NYSE:BETA - Get Free Report) last posted its quarterly earnings data 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). The business had revenue of $14.66 million for the quarter. On average, analysts predict that BETA Technologies Inc will post -2.17 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. The Goldman Sachs Group lowered their price objective on shares of BETA Technologies from $38.00 to $34.00 and set a "buy" rating on the stock in a report on Monday, April 20th. Citigroup reduced their price objective on shares of BETA Technologies from $33.00 to $25.00 and set a "buy" rating for the company in a report on Monday, May 18th. BTIG Research decreased their target price on shares of BETA Technologies from $40.00 to $33.00 and set a "buy" rating for the company in a research report on Wednesday, May 20th. Cantor Fitzgerald lowered their target price on shares of BETA Technologies from $38.00 to $31.00 and set an "overweight" rating on the stock in a report on Wednesday, May 13th. Finally, 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. Nine equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $31.11.

Trending Headlines about BETA Technologies

Here are the key news stories impacting BETA Technologies this week:

• Positive Sentiment: BETA Technologies guided for fiscal 2026 revenue of $42 million to $50 million, above the $41 million analyst consensus. The company also highlighted continued progress in eVTOL operations and business investment. BETA Technologies Announces Second Quarter 2026 Results
• Positive Sentiment: Needham & Company reaffirmed its Buy rating and set a $34 price target, implying substantial upside from the recent trading level. The target adds to the generally positive analyst outlook.
• Neutral Sentiment: Analyst estimates continue to call for a full-year loss, with consensus around negative $2.17 per share. BETA’s strong liquidity and low leverage provide financial flexibility, but the company remains unprofitable.
• Negative Sentiment: BETA reported second-quarter EPS of negative $0.64, missing the negative $0.56 consensus estimate by $0.08. Quarterly revenue was $14.66 million, making the deeper-than-expected loss the primary reason for the stock’s decline. BETA Technologies shares fall after wider-than-expected second-quarter loss
• Negative Sentiment: Founder and CEO Kyle Clark sold 47,896 shares across transactions dated August 7–11 for roughly $1.15 million. The sales represent small reductions in his holdings, but repeated insider selling may weigh on investor sentiment.

Insider Transactions at BETA Technologies

In related news, insider Kyle Clark sold 17,005 shares of the business's stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $24.46, for a total transaction of $415,942.30. Following the transaction, the insider directly owned 5,441,941 shares in the company, valued at approximately $133,109,876.86. The trade was a 0.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael Robert Stone purchased 17,135 shares of the business's stock in a transaction that occurred on Tuesday, May 19th. The shares were purchased at an average price of $14.59 per share, for a total transaction of $249,999.65. Following the completion of the acquisition, the director owned 1,767,049 shares of the company's stock, valued at $25,781,244.91. The trade was a 0.98% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold 152,896 shares of company stock worth $2,852,990 over the last three months. 24.47% of the stock is owned by insiders.

BETA Technologies 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source