BETA Technologies Inc (NYSE:BETA – Get Free Report) insider Kyle Clark sold 10,000 shares of the business’s stock in a transaction on Thursday, September 24th. The stock was sold at an average price of $23.04, for a total value of $230,400.00. Following the sale, the insider owned 5,225,936 shares in the company, valued at $120,405,565.44. This represents a 0.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Kyle Clark also recently made the following trade(s):
- On Saturday, September 26th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $23.32, for a total value of $233,200.00.
- On Friday, August 21st, Kyle Clark sold 23,205 shares of BETA Technologies stock. The shares were sold at an average price of $25.22, for a total value 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 value of $802,200.00.
- On Monday, August 17th, Kyle Clark sold 30,000 shares of BETA Technologies stock. The shares were sold at an average price of $25.08, for a total transaction of $752,400.00.
- On Friday, August 14th, Kyle Clark sold 17,800 shares of BETA Technologies stock. The stock was sold at an average price of $24.66, for a total transaction of $438,948.00.
- On Thursday, August 13th, Kyle Clark sold 30,000 shares of BETA Technologies stock. The stock was sold at an average price of $25.42, for a total transaction of $762,600.00.
- On Wednesday, August 12th, Kyle Clark sold 15,000 shares of BETA Technologies stock. The shares were sold at an average price of $23.47, for a total transaction of $352,050.00.
- On Tuesday, August 11th, Kyle Clark sold 17,005 shares of BETA Technologies stock. The shares were 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.
BETA Technologies Stock Down 1.4%
Shares of NYSE:BETA opened at $22.12 on Thursday. The firm has a market cap of $4.99 billion and a P/E ratio of -1.70. BETA Technologies Inc has a 12-month low of $13.43 and a 12-month high of $39.50. The business has a fifty day simple moving average of $21.89 and a 200 day simple moving average of $18.50. The company has a quick ratio of 14.47, a current ratio of 14.47 and a debt-to-equity ratio of 0.11.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on BETA shares. Citigroup reissued a “buy” rating on shares of BETA Technologies in a research note on Thursday, August 13th. Needham & Company LLC reissued a “buy” rating and issued a $34.00 price objective on shares of BETA Technologies in a research note on Wednesday, August 12th. BTIG Research restated a “buy” rating and set a $33.00 target price on shares of BETA Technologies in a research report on Thursday, August 13th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $31.00 price objective on shares of BETA Technologies in a research note on Thursday, August 13th. Finally, Weiss Ratings upgraded shares of BETA Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, September 14th. Nine investment 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. According to data from MarketBeat, BETA Technologies currently has an average rating of “Moderate Buy” and an average target price of $31.11.
Check Out Our Latest Analysis on BETA Technologies
Institutional Trading of BETA Technologies
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BETA. Integrated Wealth Concepts LLC purchased a new stake in BETA Technologies in the 2nd quarter valued at $235,000. IFP Advisors Inc lifted its position in shares of BETA Technologies by 555.6% during the 2nd quarter. IFP Advisors Inc now owns 1,803 shares of the company’s stock worth $30,000 after buying an additional 1,528 shares in the last quarter. Squarepoint Ops LLC purchased a new position in shares of BETA Technologies in the 2nd quarter worth approximately $2,045,000. Allworth Financial LP boosted its stake in shares of BETA Technologies by 257.2% in the 2nd quarter. Allworth Financial LP now owns 1,786 shares of the company’s stock worth $30,000 after buying an additional 1,286 shares during the last quarter. Finally, Arizona State Retirement System bought a new position in shares of BETA Technologies in the second quarter valued at approximately $251,000.
About BETA Technologies
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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