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

Key Points

• Insider selling continued: Kyle Clark sold 10,000 BETA shares at an average of $19.06 for $190,600, reducing his stake by 0.20% to approximately 5.04 million shares. The sale was part of a series of 10,000-share disposals dating back to September 26.
• Financial performance remains weak: BETA opened at $18.64 and recently missed quarterly EPS expectations, reporting a loss of $0.64 per share versus the $0.56 consensus estimate. Analysts expect a full-year loss, while the company continues to report deeply negative margins and return on equity.
• Analysts remain optimistic about long-term growth: FAA approvals supporting customer flights and market-survey activity have advanced BETA’s electric aircraft commercialization efforts. The stock carries a “Moderate Buy” consensus rating with a $31.50 average price target, despite ongoing certification, execution and cash-burn risks.

BETA Technologies Inc (NYSE:BETA - Get Free Report) insider Kyle Clark sold 10,000 shares of the firm's stock in a transaction on Wednesday, October 21st. The shares were sold at an average price of $19.06, for a total value of $190,600.00. Following the completion of the sale, the insider directly owned 5,035,936 shares in the company, valued at approximately $95,984,940.16. This represents a 0.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Monday, October 19th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $18.11, for a total value of $181,100.00.
• On Friday, October 16th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $18.51, for a total transaction of $185,100.00.
• On Wednesday, October 14th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $17.58, for a total transaction of $175,800.00.
• On Monday, October 12th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $19.91, for a total transaction of $199,100.00.
• On Friday, October 9th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $20.66, for a total transaction of $206,600.00.
• On Wednesday, October 7th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $20.19, for a total transaction of $201,900.00.
• On Monday, October 5th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $21.30, for a total value of $213,000.00.
• On Thursday, October 1st, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $22.00, for a total transaction of $220,000.00.
• 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 stock was sold at an average price of $23.32, for a total value of $233,200.00.

BETA Technologies Trading Down 0.5%

NYSE:BETA opened at $18.64 on Friday. The company has a quick ratio of 14.47, a current ratio of 14.47 and a debt-to-equity ratio of 0.11. The company has a 50 day moving average price of $21.45 and a 200 day moving average price of $19.00. BETA Technologies Inc has a fifty-two week low of $13.43 and a fifty-two week high of $39.50.

BETA Technologies (NYSE:BETA - Get Free Report) last announced its quarterly earnings data on Wednesday, August 12th. The company reported ($0.64) EPS for the quarter, missing analysts' consensus estimates of ($0.56) by ($0.08). The firm had revenue of $14.66 million during the quarter. BETA Technologies had a negative net margin of 1,913.91% and a negative return on equity of 96.24%. As a group, equities analysts forecast that BETA Technologies Inc will post -2.25 earnings per share for the current fiscal year.

Institutional Trading of BETA Technologies

Several large investors have recently made changes to their positions in the company. Sterling Capital Management LLC raised its holdings in shares of BETA Technologies by 433.0% in the 3rd quarter. Sterling Capital Management LLC now owns 2,761 shares of the company's stock worth $61,000 after acquiring an additional 2,243 shares during the last quarter. Inspire Investing LLC purchased a new position in BETA Technologies during the third quarter worth about $622,000. Hanson & Doremus Investment Management bought a new position in shares of BETA Technologies in the third quarter valued at approximately $374,000. Cliftonlarsonallen Wealth Advisors LLC purchased a new position in shares of BETA Technologies in the 3rd quarter worth about $2,905,000. Finally, Triumph Capital Management bought a new position in BETA Technologies during the third quarter valued at $308,000.

More BETA Technologies News

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

• Positive Sentiment: FAA authorization enables customer flights: BETA said it received FAA approval to fly customers in its ALIA VTOL aircraft. The milestone provides validation of the aircraft and could accelerate demonstrations, customer engagement and commercialization. Beta Technologies gets FAA authorization to fly customers in VTOL aircraft
• Positive Sentiment: FAA market-survey approval advances the program: Coverage said BETA has made progress following FAA approval for market-survey activity, a step that allows the company to gather operational and customer feedback while building support for future eVTOL service. Beta Details VTOL Progress Following FAA Market Survey Approval
• Positive Sentiment: Analyst remains bullish: Needham reaffirmed its “buy” rating and maintained a $34 price target, implying substantial upside from the reference price. The target reflects optimism about BETA’s aircraft development and commercialization prospects. Needham & Company LLC rating
• Neutral Sentiment: Expansion plans show continued investment: BETA is developing a larger “Betaville” campus in South Burlington and seeking approval for a master build plan. The expansion may support manufacturing and operations, but it also increases execution and capital-spending requirements. As Beta Technologies Grows, Betaville Sprouts in South Burlington Beta seeks approval for master build plan
• Negative Sentiment: Commercial and financial risks remain: FAA authorization is an important milestone, but it does not establish large-scale revenue or profitability. BETA recently missed quarterly EPS expectations and continues to report significant losses, leaving the stock sensitive to delays, certification hurdles and cash-burn concerns.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on BETA shares. Citigroup reaffirmed a "buy" rating on shares of BETA Technologies in a research report on Thursday, August 13th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $31.00 target price on shares of BETA Technologies in a research note on Monday, October 5th. Barclays assumed coverage on BETA Technologies in a research note on Friday, October 9th. They issued an "overweight" rating and a $35.00 price objective on the stock. Needham & Company LLC restated a "buy" rating and set a $34.00 target price on shares of BETA Technologies in a research report on Wednesday. Finally, Weiss Ratings upgraded shares of BETA Technologies from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Monday, September 14th. Ten analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, BETA Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $31.50.

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 South Burlington, Vermont, the company focuses on zero-emission aircraft for cargo, logistics, passenger, medical and defense applications.

BETA's aircraft portfolio includes the ALIA electric vertical takeoff and landing (eVTOL) aircraft and the ALIA CTOL fixed-wing aircraft, which is designed for conventional runway operations.

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