BETA Technologies (NYSE:BETA) Insider Sells $175,474.08 in Stock

BETA Technologies Inc (NYSE:BETAGet Free Report) insider Brian Dunkiel sold 9,684 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $18.12, for a total value of $175,474.08. Following the transaction, the insider owned 132,241 shares of the company’s stock, valued at $2,396,206.92. This trade represents a 6.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

BETA Technologies Stock Performance

Shares of NYSE BETA opened at $18.64 on Thursday. The company has a quick ratio of 22.77, a current ratio of 22.77 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $4.12 billion and a price-to-earnings ratio of -1.57. The company has a 50 day moving average price of $16.76. BETA Technologies Inc has a 52-week low of $13.43 and a 52-week high of $39.50.

BETA Technologies (NYSE:BETAGet Free Report) last announced its quarterly 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 firm had revenue of $10.13 million during the quarter. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. Analysts forecast that BETA Technologies Inc will post -2.2 earnings per share for the current year.

Institutional Trading of BETA Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Sei Investments Co. lifted its holdings in shares of BETA Technologies by 33.2% during the 1st quarter. Sei Investments Co. now owns 13,198 shares of the company’s stock valued at $194,000 after purchasing an additional 3,286 shares during the last quarter. Walleye Capital LLC lifted its holdings in shares of BETA Technologies by 3.6% during the 1st quarter. Walleye Capital LLC now owns 82,441 shares of the company’s stock valued at $1,212,000 after purchasing an additional 2,833 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of BETA Technologies by 26.0% during the 1st quarter. Parallel Advisors LLC now owns 3,323 shares of the company’s stock valued at $49,000 after purchasing an additional 685 shares during the last quarter. Wealthfront Advisers LLC purchased a new stake in shares of BETA Technologies during the 1st quarter valued at $257,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of BETA Technologies during the 1st quarter valued at $1,162,000.

BETA Technologies News Roundup

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

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Needham & Company LLC reiterated a “buy” rating and issued a $34.00 price target on shares of BETA Technologies in a report on Wednesday. BTIG Research reiterated a “buy” rating and issued a $40.00 price target on shares of BETA Technologies in a report on Tuesday, March 10th. Weiss Ratings started coverage on BETA Technologies in a report on Friday, January 30th. They issued a “sell (d-)” rating for the company. Citigroup lowered their target price on BETA Technologies from $41.00 to $33.00 and set a “buy” rating for the company in a report on Thursday, April 2nd. Finally, Jefferies Financial Group lowered their target price on BETA Technologies from $30.00 to $29.00 and set a “buy” rating for the company in a report on Tuesday, March 10th. Nine investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, BETA Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $32.78.

Read Our Latest Research Report on BETA

BETA Technologies Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for BETA Technologies (NYSE:BETA)

Receive News & Ratings for BETA Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BETA Technologies and related companies with MarketBeat.com's FREE daily email newsletter.