BETA Technologies Inc (NYSE:BETA – Get Free Report) insider Kyle Clark sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, October 12th. The shares were sold at an average price of $19.91, for a total value of $199,100.00. Following the completion of the transaction, the insider owned 5,105,936 shares of the company’s stock, valued at approximately $101,659,185.76. This represents a 0.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Kyle Clark also recently made the following trade(s):
- On Wednesday, October 14th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $17.58, for a total value of $175,800.00.
- On Friday, October 9th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $20.66, for a total value of $206,600.00.
- On Wednesday, October 7th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $20.19, for a total transaction of $201,900.00.
- On Monday, October 5th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $21.30, for a total transaction of $213,000.00.
- On Thursday, October 1st, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $22.00, for a total transaction of $220,000.00.
- 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 stock was 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 stock was 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 stock was 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 shares were sold at an average price of $26.74, for a total transaction of $802,200.00.
BETA Technologies Trading Down 3.0%
BETA stock traded down $0.55 during trading hours on Wednesday, reaching $17.66. The stock had a trading volume of 1,783,148 shares, compared to its average volume of 3,641,113. The stock has a 50-day simple moving average of $22.14 and a 200 day simple moving average of $18.84. BETA Technologies Inc has a fifty-two week low of $13.43 and a fifty-two week high of $39.50. The company has a debt-to-equity ratio of 0.11, a quick ratio of 14.47 and a current ratio of 14.47.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on BETA. Weiss Ratings raised BETA Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, September 14th. BTIG Research restated a “buy” rating and issued a $33.00 price objective on shares of BETA Technologies in a research note on Thursday, August 13th. Citigroup reaffirmed a “buy” rating on shares of BETA Technologies in a research report on Thursday, August 13th. Needham & Company LLC reiterated a “buy” rating and set a $34.00 target price on shares of BETA Technologies in a research note on Wednesday, August 12th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $31.00 target price on shares of BETA Technologies in a research note on Monday, October 5th. Ten equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.50.
Get Our Latest Analysis on BETA Technologies
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. California State Teachers Retirement System bought a new stake in shares of BETA Technologies during the first quarter worth approximately $27,000. Allworth Financial LP grew its position in shares of BETA Technologies by 257.2% in the second quarter. Allworth Financial LP now owns 1,786 shares of the company’s stock valued at $30,000 after purchasing an additional 1,286 shares during the last quarter. IFP Advisors Inc grew its position in shares of BETA Technologies by 555.6% in the second quarter. IFP Advisors Inc now owns 1,803 shares of the company’s stock valued at $30,000 after purchasing an additional 1,528 shares during the last quarter. Rockefeller Capital Management L.P. acquired a new position in shares of BETA Technologies in the fourth quarter valued at approximately $35,000. Finally, Parallel Advisors LLC increased its stake in shares of BETA Technologies by 26.0% during the first quarter. Parallel Advisors LLC now owns 3,323 shares of the company’s stock worth $49,000 after purchasing an additional 685 shares during the period.
BETA Technologies Company Profile
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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