BETA Technologies Inc (NYSE:BETA – Get Free Report) insider Kyle Clark sold 15,000 shares of the firm’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $16.38, for a total transaction of $245,700.00. Following the completion of the transaction, the insider directly owned 5,584,837 shares in the company, valued at $91,479,630.06. This represents a 0.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
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 transaction of $247,650.00.
- On Wednesday, June 24th, Kyle Clark sold 15,000 shares of BETA Technologies stock. The stock was sold at an average price of $15.83, for a total transaction of $237,450.00.
- On Monday, June 22nd, Kyle Clark sold 15,000 shares of BETA Technologies stock. The shares were sold at an average price of $15.74, for a total transaction 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 transaction 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 3.5%
Shares of NYSE BETA opened at $17.34 on Thursday. 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 business has a fifty day simple moving average of $16.65 and a two-hundred day simple moving average of $19.73. The firm has a market cap of $3.85 billion and a PE ratio of -1.40. BETA Technologies Inc has a twelve month low of $13.43 and a twelve month high of $39.50.
Analysts Set New Price Targets
Several equities research analysts have recently commented on BETA shares. Needham & Company LLC restated a “buy” rating and issued a $34.00 price target on shares of BETA Technologies in a report on Wednesday, May 13th. Citigroup dropped their price objective on shares of BETA Technologies from $33.00 to $25.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Cantor Fitzgerald reduced 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 note on Wednesday, May 13th. Morgan Stanley lowered their target price on BETA Technologies from $34.00 to $33.00 and set an “overweight” rating for the company in a report on Tuesday, March 10th. Finally, BTIG Research dropped their target price on BETA Technologies from $40.00 to $33.00 and set a “buy” rating on the stock in a research report on Wednesday, May 20th. Nine analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $31.11.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of BETA. General Electric Co acquired a new stake in BETA Technologies in the fourth quarter valued at approximately $644,962,000. TPG GP A LLC acquired a new position in shares of BETA Technologies during the fourth quarter worth $462,515,000. Amazon Com Inc. purchased a new stake in shares of BETA Technologies during the 4th quarter valued at $331,577,000. Vanguard Group Inc. purchased a new stake in shares of BETA Technologies during the 4th quarter valued at $77,089,000. Finally, Norges Bank acquired a new stake in shares of BETA Technologies in the 4th quarter worth $41,485,000.
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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