Insider Selling: BETA Technologies (NYSE:BETA) Insider Sells 30,000 Shares

Key Points

• Insider selling: Kyle Clark sold 30,000 BETA shares for approximately $802,200, reducing his direct holdings by 0.56% to 5.29 million shares. The sale followed multiple additional insider disposals in August and earlier months.
• Stock and earnings: BETA shares fell 3.0% to $24.71, although they remained above their 50-day and 200-day moving averages. The company reported a quarterly loss of $0.64 per share, missing the consensus estimate of a $0.56 loss, on revenue of $14.66 million.
• Analyst outlook remains positive: Nine analysts rate BETA a Buy, one rates it Hold and one rates it Sell, resulting in a consensus “Moderate Buy” rating and an average price target of $31.11.

BETA Technologies Inc (NYSE:BETA - Get Free Report) insider Kyle Clark sold 30,000 shares of the company's stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $26.74, for a total transaction of $802,200.00. Following the transaction, the insider directly owned 5,289,141 shares of the company's stock, valued at $141,431,630.34. This represents a 0.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Friday, August 21st, Kyle Clark sold 23,205 shares of BETA Technologies stock. The stock was sold at an average price of $25.22, for a total value of $585,230.10.
• 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 transaction of $752,400.00.
• On Friday, August 14th, Kyle Clark sold 17,800 shares of BETA Technologies stock. The stock was sold at an average price of $24.66, for a total transaction 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.
• 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 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 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 value of $245,700.00.

BETA Technologies Trading Down 3.0%

Shares of BETA traded down $0.77 during trading hours on Friday, hitting $24.71. 1,600,598 shares of the stock traded hands, compared to its average volume of 1,536,872. The business has a fifty day moving average of $19.24 and a 200-day moving average of $17.87. The firm has a market capitalization of $5.57 billion and a PE ratio of -1.90. BETA Technologies Inc has a 1-year low of $13.43 and a 1-year high of $39.50. The company has a current ratio of 14.47, a quick ratio of 14.47 and a debt-to-equity ratio of 0.11.

BETA Technologies (NYSE:BETA - Get Free Report) last released its earnings results on Wednesday, August 12th. The company reported ($0.64) EPS for the quarter, missing analysts' consensus estimates 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 business had revenue of $14.66 million for the quarter. Analysts expect that BETA Technologies Inc will post -2.22 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. BTIG Research reissued a "buy" rating and set a $33.00 price objective 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 report on Wednesday, August 12th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $31.00 target price on shares of BETA Technologies in a report on Thursday, August 13th. Weiss Ratings cut shares of BETA Technologies from a "sell (d)" rating to a "sell (d-)" rating in a research report on Tuesday. Finally, Citigroup reissued a "buy" rating on shares of BETA Technologies in a report on Thursday, August 13th. Nine research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, BETA Technologies presently has a consensus rating of "Moderate Buy" and a consensus target price of $31.11.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. General Electric Co acquired a new stake in BETA Technologies during the 4th quarter valued at $644,962,000. Vanguard Group Inc. bought a new position in shares of BETA Technologies in the fourth quarter valued at about $77,089,000. Bank of New York Mellon Corp acquired a new stake in shares of BETA Technologies during the 1st quarter worth about $1,162,000. Masters Capital Management LLC acquired a new stake in shares of BETA Technologies during the 1st quarter worth about $10,290,000. Finally, Pictet Asset Management Holding SA bought a new stake in shares of BETA Technologies during the 4th quarter worth about $10,896,000.

About BETA Technologies

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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