Insider Selling: BETA Technologies (NYSE:BETA) Insider Sells $585,230.10 in Stock

BETA Technologies Inc (NYSE:BETA) insider Kyle Clark sold 23,205 shares of the firm’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $25.22, for a total value of $585,230.10. Following the completion of the sale, the insider directly owned 5,235,936 shares in the company, valued at $132,050,305.92. This trade represents a 0.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Wednesday, August 19th, Kyle Clark sold 30,000 shares of BETA Technologies stock. The stock was sold at an average price of $26.74, for a total value of $802,200.00.
• 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 value 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 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 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 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 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 transaction of $245,700.00.

BETA Technologies Stock Down 0.1%

Shares of NYSE:BETA opened at $24.71 on Monday. The company has a fifty day moving average of $19.41 and a 200-day moving average of $17.90. The company has a market capitalization of $5.57 billion and a PE ratio of -1.90. The company has a debt-to-equity ratio of 0.11, a quick ratio of 14.47 and a current ratio of 14.47. BETA Technologies Inc has a 52-week low of $13.43 and a 52-week high of $39.50.

BETA Technologies (NYSE:BETA) last announced its quarterly 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 net margin of 1,913.91% and a negative return on equity of 96.24%. The firm had revenue of $14.66 million during the quarter. On average, equities analysts predict that BETA Technologies Inc will post -2.22 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Parallel Advisors LLC increased its stake in shares of BETA Technologies by 26.0% in the first quarter. Parallel Advisors LLC now owns 3,323 shares of the company’s stock valued at $49,000 after buying an additional 685 shares during the period. Sandia Investment Management LP acquired a new position in shares of BETA Technologies in the fourth quarter worth approximately $26,000. Rockefeller Capital Management L.P. acquired a new position in shares of BETA Technologies in the fourth quarter worth approximately $35,000. Manchester Capital Management LLC bought a new stake in BETA Technologies in the fourth quarter valued at approximately $38,000. Finally, California State Teachers Retirement System bought a new stake in BETA Technologies in the first quarter valued at approximately $27,000.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on BETA shares. Needham & Company LLC reiterated a “buy” rating and issued a $34.00 target price on shares of BETA Technologies in a research report on Wednesday, August 12th. Cantor Fitzgerald restated an “overweight” rating and set a $31.00 price target on shares of BETA Technologies in a report on Thursday, August 13th. BTIG Research reaffirmed a “buy” rating and issued a $33.00 price objective on shares of BETA Technologies in a research note on Thursday, August 13th. Weiss Ratings downgraded shares of BETA Technologies from a “sell (d)” rating to a “sell (d-)” rating in a research report on Tuesday, August 18th. Finally, Citigroup reissued a “buy” rating on shares of BETA Technologies in a report on Thursday, August 13th. Nine analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, BETA Technologies has an average rating of “Moderate Buy” and a consensus target price of $31.11.

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.