Insider Selling: BETA Technologies (NYSE:BETA) Insider Sells $752,400.00 in Stock

BETA Technologies Inc (NYSE:BETA) insider Kyle Clark sold 30,000 shares of the business’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $25.08, for a total transaction of $752,400.00. Following the sale, the insider owned 5,349,141 shares of the company’s stock, valued at $134,156,456.28. This trade represents a 0.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link.

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

• 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 transaction of $438,948.00.
• On Thursday, August 13th, Kyle Clark sold 30,000 shares of BETA Technologies stock. The stock was sold at an average price of $25.42, for a total transaction of $762,600.00.
• On Wednesday, August 12th, Kyle Clark sold 15,000 shares of BETA Technologies stock. The shares were sold at an average price of $23.47, for a total value 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 value 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 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 transaction 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 shares were sold at an average price of $15.83, for a total transaction of $237,450.00.

BETA Technologies Stock Performance

Shares of BETA stock traded up $1.19 during trading hours on Tuesday, hitting $26.79. 3,018,978 shares of the company’s stock were exchanged, compared to its average volume of 1,769,555. The business’s 50 day simple moving average is $18.86 and its 200-day simple moving average is $17.81. BETA Technologies Inc has a 12-month low of $13.43 and a 12-month 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) last posted its quarterly earnings results on Wednesday, August 12th. The company reported ($0.64) earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $14.66 million for the quarter. As a group, sell-side analysts expect that BETA Technologies Inc will post -2.22 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on BETA. The Goldman Sachs Group lowered their price objective on 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 upgraded shares of BETA Technologies from a “sell (d-)” rating to a “sell (d)” rating in a report on Tuesday, August 4th. Citigroup reissued a “buy” rating on shares of BETA Technologies in a report on Thursday, August 13th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $31.00 price target on shares of BETA Technologies in a report on Thursday, August 13th. Finally, BTIG Research reiterated a “buy” rating and issued a $33.00 price objective on shares of BETA Technologies in a report on Thursday, August 13th. Nine investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, BETA Technologies currently has an average rating of “Moderate Buy” and an average target price of $31.11.

Hedge Funds Weigh In On BETA Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the company. General Electric Co bought a new stake in shares of BETA Technologies in the fourth quarter worth $644,962,000. TPG GP A LLC purchased a new stake in BETA Technologies during the fourth quarter valued at approximately $462,515,000. Amazon Com Inc. purchased a new position in shares of BETA Technologies during the 4th quarter worth $331,577,000. Vanguard Group Inc. bought a new position in shares of BETA Technologies in the fourth quarter worth about $77,089,000. Finally, Norges Bank purchased a new position in shares of BETA Technologies during the 4th quarter valued at $41,485,000.

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.