BETA Technologies Inc (NYSE:BETA – Get Free Report) insider Kyle Clark sold 17,005 shares of BETA Technologies stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $24.46, for a total transaction of $415,942.30. Following the completion of the transaction, the insider directly owned 5,441,941 shares of the company’s stock, valued at $133,109,876.86. This trade represents a 0.31% decrease in their ownership of the stock. 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, August 10th, Kyle Clark sold 15,891 shares of BETA Technologies stock. The stock was sold at an average price of $24.24, for a total transaction of $385,197.84.
- On Friday, August 7th, Kyle Clark sold 15,000 shares of BETA Technologies stock. The shares were sold at an average price of $23.25, for a total transaction of $348,750.00.
- On Wednesday, July 1st, Kyle Clark sold 15,000 shares of BETA Technologies stock. The shares were sold at an average price of $17.41, for a total transaction of $261,150.00.
- On Monday, June 29th, Kyle Clark sold 15,000 shares of BETA Technologies stock. The stock was sold at an average price of $16.38, for a total transaction of $245,700.00.
- 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 shares were sold at an average price of $15.83, for a total value 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 value of $236,100.00.
- 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 stock was sold at an average price of $15.89, for a total value of $238,350.00.
BETA Technologies Trading Up 3.5%
Shares of NYSE:BETA opened at $24.60 on Wednesday. The company has a market cap of $5.47 billion and a P/E ratio of -1.99. The company has a debt-to-equity ratio of 0.10, a current ratio of 21.36 and a quick ratio of 21.37. BETA Technologies Inc has a 1 year low of $13.43 and a 1 year high of $39.50. The stock’s fifty day moving average price is $18.06 and its 200-day moving average price is $17.78.
Institutional Trading of BETA Technologies
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sandia Investment Management LP purchased a new position in shares of BETA Technologies during the 4th quarter valued at about $26,000. Rockefeller Capital Management L.P. bought a new position in shares of BETA Technologies during the 4th quarter valued at approximately $35,000. Manchester Capital Management LLC purchased a new stake in BETA Technologies in the 4th quarter worth approximately $38,000. California State Teachers Retirement System purchased a new stake in BETA Technologies in the 1st quarter worth approximately $27,000. Finally, Kestra Advisory Services LLC purchased a new stake in BETA Technologies in the 4th quarter worth approximately $70,000.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on BETA. Citigroup dropped their price target on BETA Technologies from $33.00 to $25.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Needham & Company LLC reiterated a “buy” rating and set a $34.00 price objective on shares of BETA Technologies in a research report on Wednesday, May 13th. Cantor Fitzgerald lowered 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. 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. Finally, 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. Nine analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, BETA Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.11.
Read Our Latest Stock Analysis on BETA Technologies
BETA Technologies Company Profile
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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