BETA Technologies Inc (NYSE:BETA – Get Free Report) insider Kyle Clark sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, October 16th. The shares were sold at an average price of $18.51, for a total transaction of $185,100.00. Following the sale, the insider owned 5,065,936 shares in the company, valued at $93,770,475.36. The trade was a 0.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Kyle Clark also recently made the following trade(s):
- On Monday, October 19th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $18.11, for a total transaction of $181,100.00.
- 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 transaction of $175,800.00.
- On Monday, October 12th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $19.91, for a total transaction of $199,100.00.
- On Friday, October 9th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was 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 stock was sold at an average price of $20.19, for a total value 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 value of $213,000.00.
- On Thursday, October 1st, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $22.00, for a total value of $220,000.00.
- On Tuesday, September 29th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $22.62, for a total value 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 value 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 value of $230,400.00.
BETA Technologies Stock Up 0.1%
NYSE BETA traded up $0.01 during trading hours on Monday, hitting $18.04. The company had a trading volume of 1,003,254 shares, compared to its average volume of 2,196,497. The company has a quick ratio of 14.47, a current ratio of 14.47 and a debt-to-equity ratio of 0.11. BETA Technologies Inc has a 52 week low of $13.43 and a 52 week high of $39.50. The firm has a 50 day simple moving average of $21.83 and a 200 day simple moving average of $18.93.
BETA Technologies (NYSE:BETA – Get Free Report) last announced its quarterly earnings results on Wednesday, August 12th. The company reported ($0.64) earnings per share for the quarter, missing the consensus estimate of ($0.56) by ($0.08). BETA Technologies had a negative net margin of 1,913.91% and a negative return on equity of 96.24%. The company had revenue of $14.66 million for the quarter. As a group, sell-side analysts forecast that BETA Technologies Inc will post -2.25 EPS for the current year.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on the company. Citigroup restated a “buy” rating on shares of BETA Technologies in a research note on Thursday, August 13th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $31.00 price objective on shares of BETA Technologies in a report on Monday, October 5th. Needham & Company LLC reaffirmed a “buy” rating and set a $34.00 price target on shares of BETA Technologies in a research note on Wednesday, August 12th. Weiss Ratings upgraded BETA Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, September 14th. Finally, BTIG Research reiterated a “buy” rating and set a $33.00 price objective on shares of BETA Technologies in a research report on Thursday, August 13th. Ten equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $31.50.
Read Our Latest Stock Analysis on BETA Technologies
Institutional Trading of BETA Technologies
Several institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp bought a new position in shares of BETA Technologies during the first quarter valued at about $1,162,000. Masters Capital Management LLC purchased a new position in shares of BETA Technologies in the first quarter valued at about $10,290,000. Cliftonlarsonallen Wealth Advisors LLC bought a new position in BETA Technologies during the 3rd quarter valued at approximately $2,905,000. Quantinno Capital Management LP purchased a new stake in BETA Technologies in the first quarter worth $1,115,000. Finally, Corient Private Wealth LP boosted its holdings in BETA Technologies by 116.0% in the second quarter. Corient Private Wealth LP now owns 151,118 shares of the company’s stock valued at $2,531,000 after acquiring an additional 81,150 shares in the last quarter.
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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