Kyle Clark Sells 15,000 Shares of BETA Technologies (NYSE:BETA) Stock

BETA Technologies Inc (NYSE:BETA) insider Kyle Clark sold 15,000 shares of the business’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $17.41, for a total value of $261,150.00. Following the completion of the sale, the insider directly owned 5,554,837 shares of the company’s stock, valued at $96,709,712.17. The trade was a 0.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Monday, June 29th, Kyle Clark sold 15,000 shares of BETA Technologies stock. The stock was sold at an average price of $16.38, for a total value of $245,700.00.
• On Friday, June 26th, Kyle Clark sold 15,000 shares of BETA Technologies stock. The shares were sold at an average price of $16.51, for a total value of $247,650.00.
• 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 value 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 stock was 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 transaction 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 Trading Down 10.7%

NYSE BETA opened at $16.96 on Wednesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 21.37 and a current ratio of 21.36. The firm has a market cap of $3.77 billion and a PE ratio of -1.37. BETA Technologies Inc has a one year low of $13.43 and a one year high of $39.50. The firm’s fifty day moving average is $16.82 and its two-hundred day moving average is $19.42.

BETA Technologies (NYSE:BETA) last announced its earnings results 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 business had revenue of $10.13 million for the quarter. BETA Technologies’s quarterly revenue was up 5.2% on a year-over-year basis. Analysts expect that BETA Technologies Inc will post -2.17 earnings per share for the current year.

Institutional Investors Weigh In On BETA Technologies

Several institutional investors have recently made changes to their positions in the stock. Parallel Advisors LLC grew its stake in shares of BETA Technologies by 26.0% during the 1st quarter. Parallel Advisors LLC now owns 3,323 shares of the company’s stock worth $49,000 after purchasing an additional 685 shares during the period. Sandia Investment Management LP purchased a new stake in BETA Technologies during the fourth quarter worth about $26,000. Rockefeller Capital Management L.P. purchased a new stake in BETA Technologies during the fourth quarter worth about $35,000. Manchester Capital Management LLC acquired a new position in BETA Technologies during the fourth quarter worth about $38,000. Finally, Wolff Wiese Magana LLC acquired a new position in BETA Technologies during the fourth quarter worth about $42,000.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on BETA shares. Morgan Stanley dropped their target price on BETA Technologies from $34.00 to $33.00 and set an “overweight” rating on the stock in a report on Tuesday, March 10th. Jefferies Financial Group lowered their price objective on shares of BETA Technologies from $30.00 to $29.00 and set a “buy” rating on the stock in a research report on Tuesday, March 10th. BTIG Research dropped their price objective on shares of BETA Technologies from $40.00 to $33.00 and set a “buy” rating on the stock in a research note on Wednesday, May 20th. Weiss Ratings upgraded shares of BETA Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 13th. Finally, Citigroup lowered their target price on shares of BETA Technologies from $33.00 to $25.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Nine equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.