Capricorn Fund Managers Ltd Grows Position in BETA Technologies Inc $BETA

Capricorn Fund Managers Ltd grew its position in BETA Technologies Inc (NYSE:BETA) by 318.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,696 shares of the company’s stock after purchasing an additional 63,696 shares during the period. Capricorn Fund Managers Ltd’s holdings in BETA Technologies were worth $1,230,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of BETA. Green Alpha Advisors LLC acquired a new stake in BETA Technologies during the 4th quarter worth approximately $603,000. SG Americas Securities LLC acquired a new position in BETA Technologies during the fourth quarter valued at approximately $1,386,000. Wolff Wiese Magana LLC purchased a new stake in BETA Technologies during the fourth quarter worth approximately $42,000. Stratos Wealth Partners LTD. purchased a new stake in BETA Technologies during the fourth quarter worth approximately $360,000. Finally, Massachusetts Financial Services Co. MA acquired a new stake in shares of BETA Technologies in the fourth quarter worth $6,349,000.

BETA Technologies Trading Up 2.2%

NYSE BETA opened at $16.74 on Wednesday. BETA Technologies Inc has a 12 month low of $13.43 and a 12 month high of $39.50. The company has a debt-to-equity ratio of 0.10, a current ratio of 21.36 and a quick ratio of 21.37. The company has a market capitalization of $3.72 billion and a price-to-earnings ratio of -1.35. The company’s fifty day moving average price is $16.64 and its two-hundred day moving average price is $19.83.

BETA Technologies (NYSE:BETA) last announced its quarterly earnings data on Tuesday, May 12th. The company reported ($0.53) earnings per share for the quarter, topping the consensus estimate of ($0.74) by $0.21. The company had revenue of $10.13 million for the quarter. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. As a group, research analysts predict that BETA Technologies Inc will post -2.13 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Weiss Ratings upgraded shares of BETA Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 13th. The Goldman Sachs Group decreased their target price on BETA Technologies from $38.00 to $34.00 and set a “buy” rating for the company in a research report on Monday, April 20th. Jefferies Financial Group dropped their target price on BETA Technologies from $30.00 to $29.00 and set a “buy” rating on the stock in a report on Tuesday, March 10th. Citigroup decreased their price target on BETA Technologies from $33.00 to $25.00 and set a “buy” rating for the company in a report on Monday, May 18th. Finally, Morgan Stanley lowered their price objective on shares of BETA Technologies from $34.00 to $33.00 and set an “overweight” rating for the company in a research report on Tuesday, March 10th. Nine equities 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’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $31.11.

Insider Buying and Selling at BETA Technologies

In other news, Director Michael Robert Stone purchased 17,135 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The stock was acquired at an average cost of $14.59 per share, for a total transaction of $249,999.65. Following the completion of the purchase, the director owned 1,767,049 shares of the company’s stock, valued at approximately $25,781,244.91. This trade represents a 0.98% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Sean Donovan sold 19,008 shares of the business’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $18.12, for a total value of $344,424.96. Following the completion of the sale, the chief operating officer directly owned 176,195 shares of the company’s stock, valued at approximately $3,192,653.40. This represents a 9.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 213,928 shares of company stock valued at $3,713,625. Corporate insiders own 24.47% of the company’s stock.

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.