BETA Technologies Inc (NYSE:BETA – Get Free Report) insider Kyle Clark sold 10,000 shares of the business’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $22.00, for a total transaction of $220,000.00. Following the sale, the insider owned 5,175,936 shares in the company, valued at $113,870,592. This trade represents a 0.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Kyle Clark also recently made the following trade(s):
- On Tuesday, September 29th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $22.62, for a total transaction of $226,200.00.
- On Saturday, September 26th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $23.32, for a total transaction of $233,200.00.
- On Thursday, September 24th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $23.04, for a total transaction of $230,400.00.
- On Friday, August 21st, Kyle Clark sold 23,205 shares of BETA Technologies stock. The shares were sold at an average price of $25.22, for a total transaction of $585,230.10.
- On Wednesday, August 19th, Kyle Clark sold 30,000 shares of BETA Technologies stock. The stock was sold at an average price of $26.74, for a total value of $802,200.00.
- On Monday, August 17th, Kyle Clark sold 30,000 shares of BETA Technologies stock. The stock was sold at an average price of $25.08, for a total value of $752,400.00.
- On Friday, August 14th, Kyle Clark sold 17,800 shares of BETA Technologies stock. The shares were sold at an average price of $24.66, for a total value of $438,948.00.
- On Thursday, August 13th, Kyle Clark sold 30,000 shares of BETA Technologies stock. The shares were sold at an average price of $25.42, for a total value of $762,600.00.
- On Wednesday, August 12th, Kyle Clark sold 15,000 shares of BETA Technologies stock. The shares were sold at an average price of $23.47, for a total value of $352,050.00.
- On Tuesday, August 11th, Kyle Clark sold 17,005 shares of BETA Technologies stock. The shares were sold at an average price of $24.46, for a total value of $415,942.30.
BETA Technologies Price Performance
Shares of BETA traded down $0.43 during midday trading on Thursday, reaching $21.67. The stock had a trading volume of 1,309,099 shares, compared to its average volume of 3,891,124. The company has a debt-to-equity ratio of 0.11, a current ratio of 14.47 and a quick ratio of 14.47. The company has a market capitalization of $4.89 billion and a P/E ratio of -1.66. The firm’s 50 day moving average price is $21.96 and its 200-day moving average price is $18.54. BETA Technologies Inc has a 52 week low of $13.43 and a 52 week high of $39.50.
Institutional Trading of BETA Technologies
Several institutional investors and hedge funds have recently bought and sold shares of the stock. TPG GP A LLC acquired a new position in shares of BETA Technologies in the fourth quarter worth about $462,515,000. Amazon Com Inc. purchased a new stake in shares of BETA Technologies in the 4th quarter valued at approximately $331,577,000. Norges Bank acquired a new position in BETA Technologies in the 4th quarter worth approximately $41,485,000. Masters Capital Management LLC purchased a new position in BETA Technologies during the 1st quarter worth approximately $10,290,000. Finally, Clearbridge Investments LLC purchased a new position in BETA Technologies during the 4th quarter worth approximately $18,402,000.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on BETA shares. Cantor Fitzgerald restated an “overweight” rating and set a $31.00 price objective on shares of BETA Technologies in a research report on Thursday, August 13th. BTIG Research reaffirmed a “buy” rating and issued a $33.00 price objective on shares of BETA Technologies in a research note on Thursday, August 13th. Needham & Company LLC reiterated a “buy” rating and issued a $34.00 target price on shares of BETA Technologies in a report on Wednesday, August 12th. Weiss Ratings raised shares of BETA Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, September 14th. Finally, Citigroup restated a “buy” rating on shares of BETA Technologies in a report on Thursday, August 13th. Nine equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $31.11.
Read Our Latest Report on BETA Technologies
About BETA Technologies
BETA Technologies is an aerospace company developing electric aircraft and the infrastructure needed to support electric aviation. Founded in 2017 and headquartered in Vermont, the company focuses on designing, certifying and manufacturing electric vertical takeoff and landing (eVTOL) and conventional takeoff and landing (CTOL) aircraft.
Its aircraft family includes the ALIA VTOL and ALIA CTOL models, which are designed for applications such as cargo transport, passenger travel, medical logistics and defense missions.
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