Kyle Clark Sells 17,005 Shares of BETA Technologies (NYSE:BETA) Stock

Key Points

• Insider sale: Kyle Clark sold 17,005 BETA Technologies shares for approximately $415,942 at an average price of $24.46. He still directly owns 5.44 million shares valued at about $133.1 million.
• Recent stock performance: BETA shares traded at $24.60, up $0.84, with a market capitalization of approximately $5.47 billion. The stock’s 52-week range is $13.43 to $39.50.
• Analyst outlook: Analysts maintain a “Moderate Buy” consensus, with nine Buy ratings, one Hold, and one Sell; the average price target is $31.11. The company recently beat quarterly EPS expectations, although it remains unprofitable.

BETA Technologies Inc (NYSE:BETA - Get Free Report) insider Kyle Clark sold 17,005 shares of BETA Technologies stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $24.46, for a total value of $415,942.30. Following the sale, the insider directly owned 5,441,941 shares in the company, valued at approximately $133,109,876.86. This trade represents a 0.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Monday, August 10th, Kyle Clark sold 15,891 shares of BETA Technologies stock. The stock was 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 shares were 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 value 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 value 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 value of $236,700.00.
• On Tuesday, June 16th, Kyle Clark sold 15,000 shares of BETA Technologies stock. The shares were sold at an average price of $15.89, for a total transaction of $238,350.00.

BETA Technologies Price Performance

BETA stock traded up $0.84 during trading on Tuesday, hitting $24.60. The company had a trading volume of 2,618,409 shares, compared to its average volume of 1,486,748. The firm has a market capitalization of $5.47 billion and a price-to-earnings ratio of -1.99. The business has a 50 day moving average of $17.94 and a 200 day moving average of $17.79. BETA Technologies Inc has a fifty-two week low of $13.43 and a fifty-two week high of $39.50. The company has a current ratio of 21.36, a quick ratio of 21.37 and a debt-to-equity ratio of 0.10.

BETA Technologies (NYSE:BETA - Get Free Report) last announced its earnings results on Tuesday, May 12th. The company reported ($0.53) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.74) by $0.21. The company had revenue of $10.13 million during the quarter. BETA Technologies's revenue for the quarter was up 5.2% on a year-over-year basis. As a group, research analysts predict that BETA Technologies Inc will post -2.17 earnings per share for the current year.

Hedge Funds Weigh In On BETA Technologies

Institutional investors have recently bought and sold shares of the stock. Sandia Investment Management LP acquired a new position in shares of BETA Technologies in the fourth quarter worth about $26,000. California State Teachers Retirement System acquired a new stake in shares of BETA Technologies during the first quarter valued at approximately $27,000. Rockefeller Capital Management L.P. acquired a new stake in shares of BETA Technologies during the fourth quarter valued at approximately $35,000. Manchester Capital Management LLC purchased a new stake in shares of BETA Technologies in the 4th quarter valued at approximately $38,000. Finally, Parallel Advisors LLC lifted its position 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 acquiring an additional 685 shares in the last quarter.

Analyst Ratings Changes

BETA has been the topic of a number of research analyst reports. Needham & Company LLC reiterated a "buy" rating and set a $34.00 price objective on shares of BETA Technologies in a research note on Wednesday, May 13th. Cantor Fitzgerald dropped their price target on shares of BETA Technologies from $38.00 to $31.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 13th. The Goldman Sachs Group reduced their price objective on shares of BETA Technologies from $38.00 to $34.00 and set a "buy" rating for the company in a research report on Monday, April 20th. Weiss Ratings raised shares of BETA Technologies from a "sell (d-)" rating to a "sell (d)" rating in a research note on Tuesday, August 4th. Finally, Citigroup dropped their target price on shares of BETA Technologies from $33.00 to $25.00 and set a "buy" rating on the stock in a report on Monday, May 18th. 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's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price 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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