Kyle Clark Sells 17,800 Shares of BETA Technologies (NYSE:BETA) Stock

BETA Technologies Inc (NYSE:BETA) insider Kyle Clark sold 17,800 shares of BETA Technologies stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $24.66, for a total value of $438,948.00. Following the completion of the transaction, the insider directly owned 5,379,141 shares in the company, valued at approximately $132,649,617.06. This represents a 0.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, August 17th, Kyle Clark sold 30,000 shares of BETA Technologies stock. The shares were sold at an average price of $25.08, for a total value of $752,400.00.
• 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 transaction of $352,050.00.
• On Tuesday, August 11th, Kyle Clark sold 17,005 shares of BETA Technologies stock. The shares were 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 stock was sold at an average price of $24.24, for a total transaction 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 transaction 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 stock was sold at an average price of $16.51, for a total transaction 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 Up 4.7%

Shares of BETA traded up $1.19 during mid-day trading 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. BETA Technologies Inc has a 52 week low of $13.43 and a 52 week high of $39.50. The company has a 50-day simple moving average of $18.86 and a 200 day simple moving average of $17.81. The company has a market cap of $6.04 billion and a PE ratio of -2.06. The company has a debt-to-equity ratio of 0.11, a current ratio of 14.47 and a quick ratio of 14.47.

BETA Technologies (NYSE:BETA) last issued its quarterly earnings results on Wednesday, August 12th. The company reported ($0.64) EPS for the quarter, missing the consensus estimate of ($0.56) by ($0.08). BETA Technologies had a negative net margin of 1,913.91% and a negative return on equity of 96.24%. The company had revenue of $14.66 million for the quarter. On average, research analysts forecast that BETA Technologies Inc will post -2.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on BETA shares. Cantor Fitzgerald restated an “overweight” rating and issued a $31.00 price target on shares of BETA Technologies in a research note on Thursday, August 13th. Needham & Company LLC reaffirmed a “buy” rating and issued a $34.00 price objective on shares of BETA Technologies in a report on Wednesday, August 12th. Weiss Ratings upgraded shares of BETA Technologies from a “sell (d-)” rating to a “sell (d)” rating in a research report on Tuesday, August 4th. Citigroup reiterated a “buy” rating on shares of BETA Technologies in a research note on Thursday, August 13th. Finally, BTIG Research reiterated a “buy” rating and set a $33.00 price target on shares of BETA Technologies in a report on Thursday, August 13th. Nine equities research 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’s stock. According to data from MarketBeat, BETA Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $31.11.

Institutional Inflows and Outflows

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

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.