BETA Technologies Inc (NYSE:BETA – Get Free Report) insider Kyle Clark sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $15.83, for a total value of $237,450.00. Following the completion of the sale, the insider owned 5,629,837 shares of the company’s stock, valued at approximately $89,120,319.71. This represents a 0.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Kyle Clark also recently made the following trade(s):
- 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 value of $247,650.00.
- On Monday, June 22nd, Kyle Clark sold 15,000 shares of BETA Technologies stock. The stock was sold at an average price of $15.74, for a total value of $236,100.00.
- On Thursday, June 18th, Kyle Clark sold 15,000 shares of BETA Technologies stock. The shares were 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 stock was 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 shares were sold at an average price of $18.12, for a total transaction of $1,219,403.52.
BETA Technologies Stock Up 4.1%
BETA stock traded up $0.66 during midday trading on Friday, reaching $16.67. 2,446,863 shares of the company’s stock traded hands, compared to its average volume of 1,509,797. The company has a quick ratio of 21.37, a current ratio of 21.36 and a debt-to-equity ratio of 0.10. The firm’s fifty day moving average price is $16.72 and its 200-day moving average price is $20.13. BETA Technologies Inc has a 52 week low of $13.43 and a 52 week high of $39.50. The company has a market cap of $3.71 billion and a price-to-earnings ratio of -1.35.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on BETA shares. The Goldman Sachs Group cut their price target 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. Citigroup lowered their price objective on BETA Technologies from $33.00 to $25.00 and set a “buy” rating for the company in a research note on Monday, May 18th. Cantor Fitzgerald dropped their target price on BETA Technologies from $38.00 to $31.00 and set an “overweight” rating on the stock in a report on Wednesday, May 13th. Jefferies Financial Group cut their target price on BETA Technologies from $30.00 to $29.00 and set a “buy” rating on the stock in a research report on Tuesday, March 10th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $34.00 price target on shares of BETA Technologies in a report on Wednesday, May 13th. Nine investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, BETA Technologies has a consensus rating of “Moderate Buy” and an average price target of $31.11.
Get Our Latest Analysis on BETA
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in BETA. Green Alpha Advisors LLC purchased a new stake in BETA Technologies in the 4th quarter valued at about $603,000. SG Americas Securities LLC purchased a new position in shares of BETA Technologies in the 4th quarter worth approximately $1,386,000. Wolff Wiese Magana LLC purchased a new position in shares of BETA Technologies in the 4th quarter worth approximately $42,000. Stratos Wealth Partners LTD. bought a new position in shares of BETA Technologies in the fourth quarter valued at approximately $360,000. Finally, Capricorn Fund Managers Ltd bought a new position in shares of BETA Technologies in the fourth quarter valued at approximately $564,000.
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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