Insider Selling: BETA Technologies (NYSE:BETA) Insider Sells 15,000 Shares

BETA Technologies Inc (NYSE:BETAGet Free Report) insider Kyle Clark sold 15,000 shares of BETA Technologies stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $23.47, for a total transaction of $352,050.00. Following the sale, the insider owned 5,426,941 shares in the company, valued at approximately $127,370,305.27. This trade represents a 0.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Kyle Clark also recently made the following trade(s):

  • 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 transaction of $762,600.00.
  • 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 transaction 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 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 value 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 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 stock was 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 stock was 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 shares were sold at an average price of $15.78, for a total value of $236,700.00.

BETA Technologies Price Performance

BETA stock traded down $1.34 during trading on Friday, hitting $24.90. The company had a trading volume of 3,435,255 shares, compared to its average volume of 1,515,582. The company has a fifty day moving average price of $18.34 and a two-hundred day moving average price of $17.78. 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 market cap of $5.53 billion and a P/E ratio of -1.91. The company has a current ratio of 21.36, a quick ratio of 21.37 and a debt-to-equity ratio of 0.10.

BETA Technologies (NYSE:BETAGet Free Report) last released its quarterly earnings data on Wednesday, August 12th. The company reported ($0.64) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.56) by ($0.08). The company had revenue of $14.66 million for the quarter. BETA Technologies had a negative return on equity of 131.90% and a negative net margin of 1,913.91%. Equities research analysts expect that BETA Technologies Inc will post -2.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BETA has been the subject of several analyst reports. Weiss Ratings raised shares of BETA Technologies from a “sell (d-)” rating to a “sell (d)” rating in a report on Tuesday, August 4th. Citigroup reaffirmed a “buy” rating on shares of BETA Technologies in a research note on Thursday. The Goldman Sachs Group dropped their price objective on shares of BETA Technologies from $38.00 to $34.00 and set a “buy” rating for the company in a report on Monday, April 20th. Needham & Company LLC reaffirmed a “buy” rating and set a $34.00 price objective on shares of BETA Technologies in a report on Wednesday. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $31.00 target price on shares of BETA Technologies in a research note on Thursday. 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. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $31.11.

Check Out Our Latest Report on BETA Technologies

Institutional Trading of BETA Technologies

Large investors have recently made changes to their positions in the business. Bank of New York Mellon Corp acquired a new stake in shares of BETA Technologies in the second quarter valued at $2,877,000. Parallel Advisors LLC lifted its position in BETA Technologies by 26.0% during the 1st quarter. Parallel Advisors LLC now owns 3,323 shares of the company’s stock worth $49,000 after buying an additional 685 shares in the last quarter. Bank of America Corp DE lifted its position in BETA Technologies by 117.2% during the 1st quarter. Bank of America Corp DE now owns 348,097 shares of the company’s stock worth $5,117,000 after buying an additional 187,807 shares in the last quarter. California State Teachers Retirement System bought a new stake in BETA Technologies during the 1st quarter worth about $27,000. Finally, Readystate Asset Management LP grew its holdings in BETA Technologies by 19.0% during the 1st quarter. Readystate Asset Management LP now owns 25,000 shares of the company’s stock worth $368,000 after acquiring an additional 4,000 shares during the last quarter.

About BETA Technologies

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for BETA Technologies (NYSE:BETA)

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