BETA Technologies (NYSE:BETA) Insider Sells $191,900.00 in Stock

BETA Technologies Inc (NYSE:BETA) insider Kyle Clark sold 10,000 shares of the stock in a transaction on Friday, October 23rd. The shares were sold at an average price of $19.19, for a total value of $191,900.00. Following the sale, the insider owned 5,015,936 shares of the company’s stock, valued at approximately $96,255,811.84. This represents a 0.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Monday, October 26th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $19.76, for a total transaction of $197,600.00.
• On Wednesday, October 21st, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $19.06, for a total value of $190,600.00.
• 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 transaction of $181,100.00.
• On Friday, October 16th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $18.51, for a total transaction 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 transaction of $199,100.00.
• On Friday, October 9th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was 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 transaction of $201,900.00.
• On Monday, October 5th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $21.30, for a total transaction of $213,000.00.
• On Thursday, October 1st, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $22.00, for a total value of $220,000.00.

BETA Technologies Stock Performance

Shares of BETA opened at $20.63 on Friday. BETA Technologies Inc has a 52-week low of $13.43 and a 52-week high of $39.50. The firm’s fifty day moving average is $20.96 and its two-hundred day moving average is $19.17. The company has a quick ratio of 14.47, a current 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) 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. Equities analysts predict that BETA Technologies Inc will post -2.25 earnings per share for the current fiscal year.

Institutional Trading of BETA Technologies

Institutional investors and hedge funds have recently bought and sold shares of the business. Parallel Advisors LLC lifted its position in shares of BETA Technologies by 26.0% during the first quarter. Parallel Advisors LLC now owns 3,323 shares of the company’s stock worth $49,000 after purchasing an additional 685 shares in the last quarter. Rockefeller Capital Management L.P. purchased a new stake in BETA Technologies during the 4th quarter worth approximately $35,000. Allworth Financial LP lifted its holdings in BETA Technologies by 257.2% during the 2nd quarter. Allworth Financial LP now owns 1,786 shares of the company’s stock worth $30,000 after buying an additional 1,286 shares in the last quarter. IFP Advisors Inc lifted its holdings in BETA Technologies by 555.6% during the 2nd quarter. IFP Advisors Inc now owns 1,803 shares of the company’s stock worth $30,000 after buying an additional 1,528 shares in the last quarter. Finally, California State Teachers Retirement System purchased a new position in BETA Technologies in the 1st quarter valued at approximately $27,000.

Analyst Upgrades and Downgrades

BETA has been the topic of a number of research analyst reports. Cantor Fitzgerald reissued an “overweight” rating and issued a $31.00 price target on shares of BETA Technologies in a research note on Monday, October 5th. Citigroup reiterated a “buy” rating on shares of BETA Technologies in a report on Thursday, August 13th. BTIG Research reissued a “buy” rating and issued a $33.00 target price on shares of BETA Technologies in a research report on Thursday, August 13th. Needham & Company LLC restated a “buy” rating and set a $34.00 price target on shares of BETA Technologies in a research note on Wednesday, October 21st. Finally, Wall Street Zen lowered BETA Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, October 24th. Ten research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, BETA Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $31.50.

BETA Technologies Company Profile

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.