BETA Technologies Inc (NYSE:BETA – Get Free Report) insider Kyle Clark sold 15,000 shares of the stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $15.74, for a total value of $236,100.00. Following the completion of the transaction, the insider owned 5,659,837 shares of the company’s stock, valued at $89,085,834.38. The trade was a 0.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Kyle Clark also recently made the following trade(s):
- On Thursday, June 18th, Kyle Clark sold 15,000 shares of BETA Technologies stock. The stock was sold at an average price of $15.78, for a total value of $236,700.00.
- On Tuesday, June 16th, Kyle Clark sold 15,000 shares of BETA Technologies stock. The shares were sold at an average price of $15.89, for a total value of $238,350.00.
- On Thursday, May 7th, Kyle Clark sold 4,965 shares of BETA Technologies stock. The stock was sold at an average price of $18.12, for a total value of $89,965.80.
- On Thursday, May 7th, Kyle Clark sold 67,296 shares of BETA Technologies stock. The stock was sold at an average price of $18.12, for a total value of $1,219,403.52.
BETA Technologies Trading Up 0.9%
BETA traded up $0.14 on Tuesday, hitting $15.87. The company had a trading volume of 1,429,792 shares, compared to its average volume of 1,500,025. The firm has a market cap of $3.53 billion and a P/E ratio of -1.28. BETA Technologies Inc has a 1 year low of $13.43 and a 1 year high of $39.50. The company’s fifty day moving average price is $16.78 and its 200 day moving average price is $20.41. The company has a current ratio of 21.36, a quick ratio of 21.37 and a debt-to-equity ratio of 0.10.
Wall Street Analyst Weigh In
BETA has been the subject of a number of research analyst reports. Cantor Fitzgerald lowered their price objective on shares of BETA Technologies from $38.00 to $31.00 and set an “overweight” rating for the company in a research report on Wednesday, May 13th. Weiss Ratings upgraded BETA Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 13th. Morgan Stanley lowered their price target on BETA Technologies from $34.00 to $33.00 and set an “overweight” rating for the company in a research report on Tuesday, March 10th. The Goldman Sachs Group dropped their price objective on BETA Technologies from $38.00 to $34.00 and set a “buy” rating for the company in a research note on Monday, April 20th. Finally, BTIG Research cut their price objective on BETA Technologies from $40.00 to $33.00 and set a “buy” rating on the stock in a report on Wednesday, May 20th. Nine equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, BETA Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $31.11.
Read Our Latest Stock Analysis on BETA
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in BETA. Sandia Investment Management LP acquired a new position in shares of BETA Technologies in the fourth quarter valued at approximately $26,000. California State Teachers Retirement System acquired a new stake in BETA Technologies during the 1st quarter worth approximately $27,000. Rockefeller Capital Management L.P. acquired a new stake in BETA Technologies during the 4th quarter worth approximately $35,000. Manchester Capital Management LLC purchased a new position in BETA Technologies in the 4th quarter valued at approximately $38,000. Finally, Wolff Wiese Magana LLC purchased a new position in BETA Technologies in the 4th quarter valued at approximately $42,000.
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.
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