BETA Technologies Inc (NYSE:BETA – Get Free Report) insider Kyle Clark sold 15,000 shares of BETA Technologies stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $23.25, for a total transaction of $348,750.00. Following the sale, the insider directly owned 5,474,837 shares in the company, valued at approximately $127,289,960.25. The trade was a 0.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Kyle Clark also recently made the following trade(s):
- On Tuesday, August 11th, Kyle Clark sold 17,005 shares of BETA Technologies stock. The stock was sold at an average price of $24.46, for a total value of $415,942.30.
- 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 value of $385,197.84.
- On Wednesday, July 1st, Kyle Clark sold 15,000 shares of BETA Technologies stock. The stock was sold at an average price of $17.41, for a total value of $261,150.00.
- On Monday, June 29th, Kyle Clark sold 15,000 shares of BETA Technologies stock. The shares were sold at an average price of $16.38, for a total value of $245,700.00.
- On Friday, June 26th, Kyle Clark sold 15,000 shares of BETA Technologies stock. The shares were sold at an average price of $16.51, for a total value 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 stock was 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%
BETA traded up $0.84 on Tuesday, hitting $24.60. The company had a trading volume of 2,618,409 shares, compared to its average volume of 1,486,748. The company’s fifty day moving average price is $17.94 and its 200 day moving average price is $17.79. BETA Technologies Inc has a 1 year low of $13.43 and a 1 year high of $39.50. The company has a current ratio of 21.36, a quick ratio of 21.37 and a debt-to-equity ratio of 0.10. The firm has a market cap of $5.47 billion and a P/E ratio of -1.99.
Analyst Ratings Changes
Several analysts recently weighed in on BETA shares. Cantor Fitzgerald dropped their target price on shares of BETA Technologies from $38.00 to $31.00 and set an “overweight” rating for the company in a report on Wednesday, May 13th. BTIG Research decreased their price target on BETA Technologies from $40.00 to $33.00 and set a “buy” rating on the stock in a research note on Wednesday, May 20th. Needham & Company LLC restated a “buy” rating and set a $34.00 price target on shares of BETA Technologies in a research report on Wednesday, May 13th. The Goldman Sachs Group dropped their price objective 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. Finally, Citigroup cut their price objective on BETA Technologies from $33.00 to $25.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Nine 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. According to MarketBeat, BETA Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $31.11.
View Our Latest Analysis on BETA Technologies
Institutional Investors Weigh In On BETA Technologies
Several large investors have recently bought and sold shares of the stock. Sandia Investment Management LP purchased a new position in shares of BETA Technologies in the 4th quarter valued at about $26,000. Rockefeller Capital Management L.P. acquired a new position in shares of BETA Technologies during the fourth quarter worth about $35,000. Manchester Capital Management LLC purchased a new stake in shares of BETA Technologies during the fourth quarter worth approximately $38,000. California State Teachers Retirement System purchased a new stake in shares of BETA Technologies during the first quarter worth approximately $27,000. Finally, Kestra Advisory Services LLC acquired a new stake in BETA Technologies in the fourth quarter valued at approximately $70,000.
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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