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 9th. The shares were sold at an average price of $20.66, for a total value of $206,600.00. Following the completion of the sale, the insider owned 5,115,936 shares in the company, valued at approximately $105,695,237.76. This represents a 0.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Kyle Clark also recently made the following trade(s):
- 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 stock was 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.
- 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.
BETA Technologies Stock Up 2.3%
BETA opened at $20.96 on Friday. The firm has a market cap of $4.73 billion and a price-to-earnings ratio of -1.61. The company has a debt-to-equity ratio of 0.11, a quick ratio of 14.47 and a current ratio of 14.47. The firm’s 50-day simple moving average is $22.30 and its 200-day simple moving average is $18.74. BETA Technologies Inc has a twelve month low of $13.43 and a twelve month high of $39.50.
Institutional Investors Weigh In On BETA Technologies
Institutional investors and hedge funds have recently made changes to their positions in the company. Parallel Advisors LLC raised its stake 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 worth $49,000 after buying an additional 685 shares during the last quarter. Rockefeller Capital Management L.P. acquired a new stake in BETA Technologies during the 4th quarter worth $35,000. Allworth Financial LP lifted 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 valued at $30,000 after purchasing an additional 1,286 shares during the period. Manchester Capital Management LLC acquired a new position in shares of BETA Technologies in the 4th quarter valued at $38,000. Finally, IFP Advisors Inc boosted its position in shares of BETA Technologies by 555.6% in the 2nd quarter. IFP Advisors Inc now owns 1,803 shares of the company’s stock worth $30,000 after purchasing an additional 1,528 shares during the last quarter.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on BETA shares. BTIG Research reissued a “buy” rating and issued a $33.00 target price on shares of BETA Technologies in a report on Thursday, August 13th. Weiss Ratings raised BETA Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, September 14th. Barclays initiated coverage on BETA Technologies in a research report on Friday. They issued an “overweight” rating and a $35.00 price objective for the company. Cantor Fitzgerald reissued an “overweight” rating and issued a $31.00 price objective on shares of BETA Technologies in a research note on Monday, October 5th. Finally, Citigroup restated a “buy” rating on shares of BETA Technologies in a report on Thursday, August 13th. Ten investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.50.
View Our Latest Research Report on BETA
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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