BETA Technologies (NYSE:BETA) Insider Kyle Clark Sells 10,000 Shares of Stock

Key Points

• Insider sale: Kyle Clark sold 10,000 BETA Technologies shares at an average price of $22, generating $220,000. He retained 5,175,936 shares, and the transaction reduced his ownership by 0.19%.
• Pattern of selling: Clark has sold shares repeatedly since August, including 10,000 shares on each of September 24, 26, and 29, alongside several larger transactions.
• Stock and outlook: BETA shares traded around $21.67, while analysts maintained a “Moderate Buy” consensus with a $31.11 target. The company remains unprofitable and recently missed quarterly earnings expectations.

BETA Technologies Inc (NYSE:BETA - Get Free Report) insider Kyle Clark sold 10,000 shares of BETA Technologies stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $22.00, for a total value of $220,000.00. Following the sale, the insider directly owned 5,175,936 shares in the company, valued at approximately $113,870,592. The trade was a 0.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Tuesday, September 29th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $22.62, for a total value of $226,200.00.
• On Saturday, September 26th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $23.32, for a total value of $233,200.00.
• On Thursday, September 24th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $23.04, for a total value of $230,400.00.
• On Friday, August 21st, Kyle Clark sold 23,205 shares of BETA Technologies stock. The shares were sold at an average price of $25.22, for a total value of $585,230.10.
• On Wednesday, August 19th, Kyle Clark sold 30,000 shares of BETA Technologies stock. The stock was sold at an average price of $26.74, for a total value of $802,200.00.
• On Monday, August 17th, Kyle Clark sold 30,000 shares of BETA Technologies stock. The shares were sold at an average price of $25.08, for a total value of $752,400.00.
• On Friday, August 14th, Kyle Clark sold 17,800 shares of BETA Technologies stock. The shares were sold at an average price of $24.66, for a total value of $438,948.00.
• 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 value 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.

BETA Technologies Stock Down 2.0%

Shares of NYSE:BETA traded down $0.43 during midday trading on Thursday, reaching $21.67. The company had a trading volume of 1,309,099 shares, compared to its average volume of 3,891,124. The stock has a market capitalization of $4.89 billion and a P/E ratio of -1.66. The company has a debt-to-equity ratio of 0.11, a current ratio of 14.47 and a quick ratio of 14.47. BETA Technologies Inc has a one year low of $13.43 and a one year high of $39.50. The stock's fifty day moving average price is $21.96 and its 200-day moving average price is $18.54.

BETA Technologies (NYSE:BETA - Get Free Report) last released 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). The company had revenue of $14.66 million during the quarter. BETA Technologies had a negative return on equity of 96.24% and a negative net margin of 1,913.91%. Equities research analysts expect that BETA Technologies Inc will post -2.25 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BETA Technologies

Several large investors have recently made changes to their positions in BETA. Parallel Advisors LLC raised its holdings in shares of BETA Technologies by 26.0% during the first quarter. Parallel Advisors LLC now owns 3,323 shares of the company's stock valued at $49,000 after buying an additional 685 shares during the last quarter. Rockefeller Capital Management L.P. bought a new position in shares of BETA Technologies in the fourth quarter worth $35,000. Allworth Financial LP increased its holdings in shares of BETA Technologies by 257.2% during the second quarter. Allworth Financial LP now owns 1,786 shares of the company's stock valued at $30,000 after purchasing an additional 1,286 shares during the period. Manchester Capital Management LLC acquired a new position in shares of BETA Technologies during the fourth quarter valued at $38,000. Finally, IFP Advisors Inc raised its stake in shares of BETA Technologies by 555.6% during the second quarter. IFP Advisors Inc now owns 1,803 shares of the company's stock valued at $30,000 after purchasing an additional 1,528 shares in the last quarter.

Analyst Upgrades and Downgrades

Several analysts have issued reports on BETA shares. Citigroup restated a "buy" rating on shares of BETA Technologies in a research note 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. BTIG Research reiterated a "buy" rating and issued a $33.00 price target on shares of BETA Technologies in a report on Thursday, August 13th. 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. Finally, Weiss Ratings raised BETA Technologies from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Monday, September 14th. Nine investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $31.11.

BETA Technologies Company Profile

BETA Technologies is an aerospace company developing electric aircraft and the infrastructure needed to support electric aviation. Founded in 2017 and headquartered in Vermont, the company focuses on designing, certifying and manufacturing electric vertical takeoff and landing (eVTOL) and conventional takeoff and landing (CTOL) aircraft.

Its aircraft family includes the ALIA VTOL and ALIA CTOL models, which are designed for applications such as cargo transport, passenger travel, medical logistics and defense missions.

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