Insider Selling: BETA Technologies (NYSE:BETA) Insider Sells $247,650.00 in Stock

BETA Technologies Inc (NYSE:BETA) insider Kyle Clark sold 15,000 shares of the firm’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $16.51, for a total value of $247,650.00. Following the sale, the insider directly owned 5,599,837 shares of the company’s stock, valued at $92,453,308.87. This trade represents a 0.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Wednesday, June 24th, Kyle Clark sold 15,000 shares of BETA Technologies stock. The shares were sold at an average price of $15.83, for a total transaction of $237,450.00.
• On Monday, June 22nd, Kyle Clark sold 15,000 shares of BETA Technologies stock. The shares were 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 value of $236,700.00.
• On Tuesday, June 16th, Kyle Clark sold 15,000 shares of BETA Technologies stock. The stock was 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 transaction of $89,965.80.
• On Thursday, May 7th, Kyle Clark sold 67,296 shares of BETA Technologies stock. The shares were sold at an average price of $18.12, for a total value of $1,219,403.52.

BETA Technologies Stock Down 0.2%

BETA opened at $16.67 on Monday. The business has a 50 day moving average of $16.69 and a 200-day moving average of $20.03. The stock has a market capitalization of $3.71 billion and a price-to-earnings ratio of -1.35. The company has a current ratio of 21.36, a quick ratio of 21.37 and a debt-to-equity ratio of 0.10. BETA Technologies Inc has a 1-year low of $13.43 and a 1-year high of $39.50.

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. General Electric Co bought a new position in BETA Technologies during the fourth quarter worth about $644,962,000. TPG GP A LLC acquired a new stake in shares of BETA Technologies during the fourth quarter worth about $462,515,000. Amazon Com Inc. acquired a new stake in shares of BETA Technologies during the fourth quarter worth about $331,577,000. Vanguard Group Inc. bought a new position in shares of BETA Technologies during the 4th quarter valued at about $77,089,000. Finally, Norges Bank bought a new position in shares of BETA Technologies during the 4th quarter valued at about $41,485,000.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Jefferies Financial Group cut their price target on shares of BETA Technologies from $30.00 to $29.00 and set a “buy” rating for the company in a research note on Tuesday, March 10th. Citigroup lowered their price objective on BETA Technologies from $33.00 to $25.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Needham & Company LLC restated a “buy” rating and set a $34.00 target price on shares of BETA Technologies in a research report on Wednesday, May 13th. Weiss Ratings raised BETA Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 13th. Finally, The Goldman Sachs Group decreased their price target on BETA Technologies from $38.00 to $34.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. Nine 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 company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.11.

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.