BETA Technologies (NYSE:BETA) Insider Sells $237,450.00 in Stock

BETA Technologies Inc (NYSE:BETA) insider Kyle Clark sold 15,000 shares of the business’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $15.83, for a total transaction of $237,450.00. Following the transaction, the insider owned 5,629,837 shares in the company, valued at $89,120,319.71. This trade represents a 0.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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 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 transaction of $236,700.00.
• On Tuesday, June 16th, Kyle Clark sold 15,000 shares of BETA Technologies stock. The shares were sold at an average price of $15.89, for a total transaction of $238,350.00.
• On Thursday, May 7th, Kyle Clark sold 4,965 shares of BETA Technologies stock. The stock was sold at an average price of $18.12, for a total value of $89,965.80.
• On Thursday, May 7th, Kyle Clark sold 67,296 shares of BETA Technologies stock. The stock was sold at an average price of $18.12, for a total transaction of $1,219,403.52.

BETA Technologies Price Performance

NYSE BETA opened at $16.67 on Monday. The company has a market cap of $3.71 billion and a PE ratio of -1.35. The firm’s 50 day moving average price is $16.69 and its 200-day moving average price is $20.03. The company has a debt-to-equity ratio of 0.10, a quick ratio of 21.37 and a current ratio of 21.36. BETA Technologies Inc has a 52-week low of $13.43 and a 52-week high of $39.50.

BETA Technologies (NYSE:BETA) last posted its earnings results on Tuesday, May 12th. The company reported ($0.53) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.74) by $0.21. The company had revenue of $10.13 million during the quarter. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. Sell-side analysts forecast that BETA Technologies Inc will post -2.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on BETA. Morgan Stanley decreased their price target on BETA Technologies from $34.00 to $33.00 and set an “overweight” rating for the company in a research note on Tuesday, March 10th. Jefferies Financial Group cut their price objective on shares of BETA Technologies from $30.00 to $29.00 and set a “buy” rating on the stock in a report on Tuesday, March 10th. Weiss Ratings raised shares of BETA Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 13th. BTIG Research lowered their target price on shares of BETA Technologies from $40.00 to $33.00 and set a “buy” rating for the company in a research note on Wednesday, May 20th. Finally, Cantor Fitzgerald dropped their target price on shares of BETA Technologies from $38.00 to $31.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 13th. Nine research 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, BETA Technologies has a consensus rating of “Moderate Buy” and an average price target of $31.11.

Institutional Trading of BETA Technologies

Hedge funds have recently modified their holdings of the stock. General Electric Co purchased a new position in BETA Technologies during the fourth quarter valued at approximately $644,962,000. TPG GP A LLC acquired a new position in shares of BETA Technologies in the 4th quarter valued at $462,515,000. Amazon Com Inc. acquired a new position in shares of BETA Technologies in the 4th quarter valued at $331,577,000. Vanguard Group Inc. purchased a new stake in BETA Technologies during the fourth quarter worth $77,089,000. Finally, Norges Bank purchased a new stake in BETA Technologies during the fourth quarter worth $41,485,000.

BETA Technologies Company Profile

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.