BETA Technologies Inc (NYSE:BETA – Get Free Report) Director Michael Stone acquired 13,125 shares of BETA Technologies stock in a transaction on Wednesday, September 2nd. The stock was purchased at an average cost of $19.19 per share, with a total value of $251,868.75. Following the purchase, the director directly owned 1,792,994 shares of the company’s stock, valued at approximately $34,407,554.86. This trade represents a 0.74% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.
Michael Robert Stone also recently made the following trade(s):
- On Tuesday, September 1st, Michael Stone bought 12,820 shares of BETA Technologies stock. The shares were purchased at an average cost of $19.58 per share, for a total transaction of $251,015.60.
BETA Technologies Stock Up 1.9%
Shares of BETA traded up $0.38 during trading hours on Thursday, reaching $20.80. The stock had a trading volume of 2,641,268 shares, compared to its average volume of 1,566,133. The firm has a 50-day simple moving average of $20.26 and a 200 day simple moving average of $18.11. BETA Technologies Inc has a 12 month low of $13.43 and a 12 month high of $39.50. The company has a current ratio of 14.47, a quick ratio of 14.47 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $4.69 billion and a price-to-earnings ratio of -1.60.
Hedge Funds Weigh In On BETA Technologies
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Parallel Advisors LLC increased its position 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 valued at $49,000 after acquiring an additional 685 shares during the last quarter. Sandia Investment Management LP purchased a new position in BETA Technologies in the fourth quarter worth $26,000. Rockefeller Capital Management L.P. purchased a new position in BETA Technologies in the fourth quarter worth $35,000. Manchester Capital Management LLC bought a new position in BETA Technologies in the 4th quarter valued at $38,000. Finally, California State Teachers Retirement System bought a new position in BETA Technologies in the 1st quarter valued at $27,000.
Wall Street Analyst Weigh In
BETA has been the subject of several recent research reports. Needham & Company LLC restated a “buy” rating and issued a $34.00 target price on shares of BETA Technologies in a report on Wednesday, August 12th. BTIG Research reiterated a “buy” rating and set a $33.00 price target on shares of BETA Technologies in a research note on Thursday, August 13th. Citigroup reissued a “buy” rating on shares of BETA Technologies in a report on Thursday, August 13th. Weiss Ratings downgraded BETA Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $31.00 target price on shares of BETA Technologies in a report on Thursday, August 13th. Nine 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 company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $31.11.
Check Out Our Latest Research Report on BETA
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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