BETA Technologies (NYSE:BETA) Insider Kyle Clark Sells 10,000 Shares of Company Stock

BETA Technologies Inc (NYSE:BETA) insider Kyle Clark sold 10,000 shares of the company’s stock in a transaction dated Wednesday, October 21st. The shares were sold at an average price of $19.06, for a total transaction of $190,600.00. Following the sale, the insider owned 5,035,936 shares of the company’s stock, valued at approximately $95,984,940.16. The trade was a 0.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, October 19th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $18.11, for a total value of $181,100.00.
• On Friday, October 16th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $18.51, for a total value of $185,100.00.
• On Wednesday, October 14th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $17.58, for a total value of $175,800.00.
• On Monday, October 12th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $19.91, for a total value of $199,100.00.
• On Friday, October 9th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $20.66, for a total value of $206,600.00.
• On Wednesday, October 7th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $20.19, for a total value of $201,900.00.
• On Monday, October 5th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $21.30, for a total value of $213,000.00.
• On Thursday, October 1st, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $22.00, for a total value of $220,000.00.
• On Tuesday, September 29th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $22.62, for a total value of $226,200.00.
• On Saturday, September 26th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $23.32, for a total value of $233,200.00.

BETA Technologies Stock Performance

Shares of BETA stock opened at $19.84 on Friday. 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 fifty-two week low of $13.43 and a fifty-two week high of $39.50. The stock has a 50 day moving average price of $21.35 and a two-hundred day moving average price of $19.00. The company has a market capitalization of $4.47 billion and a P/E ratio of -1.52.

BETA Technologies (NYSE:BETA) last released its quarterly earnings data on Wednesday, August 12th. The company reported ($0.64) earnings per share 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 company had revenue of $14.66 million for the quarter. Analysts expect that BETA Technologies Inc will post -2.25 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on BETA shares. Cantor Fitzgerald reissued an “overweight” rating and issued a $31.00 price target on shares of BETA Technologies in a report on Monday, October 5th. Citigroup reaffirmed a “buy” rating on shares of BETA Technologies in a research note on Thursday, August 13th. Weiss Ratings raised BETA Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, September 14th. BTIG Research restated a “buy” rating and set a $33.00 price target on shares of BETA Technologies in a report on Thursday, August 13th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $34.00 price target on shares of BETA Technologies in a research report on Wednesday. Ten equities research 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 MarketBeat.com, BETA Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.50.

Trending Headlines about BETA Technologies

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

• Positive Sentiment: FAA authorization advances commercial eVTOL plans: BETA reportedly became the first company to secure landmark Federal Aviation Administration authorization allowing its electric VTOL aircraft to conduct passenger-carrying flights. The approval strengthens the company’s path toward commercial operations, validates its aircraft and operating procedures, and could expand future revenue opportunities. BETA secures FAA approval for eVTOL aircraft flights
• Positive Sentiment: Broader industry attention supports the catalyst: Coverage indicates BETA’s electric aircraft is entering new operating territories following the FAA authorization, highlighting progress in testing, market surveys and the potential transition from development toward customer service. BETA Technologies takes electric planes to new territories
• Positive Sentiment: Analyst remains constructive: Needham & Company reaffirmed its Buy rating on BETA, providing additional support for investor sentiment after the regulatory announcement. BETA stock rating reaffirmed as Buy by Needham
• Neutral Sentiment: Insider sale disclosed: Director and insider Kyle Clark sold 10,000 shares for approximately $190,600, reducing his ownership by about 0.20%. The relatively small sale may attract attention but leaves him with more than 5 million shares, limiting its significance as a standalone signal. Kyle Clark insider transaction

Hedge Funds Weigh In On BETA Technologies

A number of institutional investors have recently bought and sold shares of BETA. Parallel Advisors LLC grew 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 worth $49,000 after acquiring an additional 685 shares during the period. Rockefeller Capital Management L.P. bought a new position in shares of BETA Technologies in the 4th quarter worth approximately $35,000. Allworth Financial LP raised its position in shares of BETA Technologies by 257.2% in the 2nd quarter. Allworth Financial LP now owns 1,786 shares of the company’s stock worth $30,000 after acquiring an additional 1,286 shares in the last quarter. IFP Advisors Inc lifted its stake in shares of BETA Technologies by 555.6% in the 2nd quarter. IFP Advisors Inc now owns 1,803 shares of the company’s stock valued at $30,000 after purchasing an additional 1,528 shares during the period. Finally, California State Teachers Retirement System purchased a new position in shares of BETA Technologies in the 1st quarter valued at approximately $27,000.

About BETA Technologies

BETA Technologies is an aerospace company developing electric aircraft and the infrastructure needed to support electric aviation. Founded in 2017 and headquartered in South Burlington, Vermont, the company focuses on zero-emission aircraft for cargo, logistics, passenger, medical and defense applications.

BETA’s aircraft portfolio includes the ALIA electric vertical takeoff and landing (eVTOL) aircraft and the ALIA CTOL fixed-wing aircraft, which is designed for conventional runway operations.