BETA Technologies (NYSE:BETA) Insider Sells $202,400.00 in Stock

by · The Cerbat Gem

BETA Technologies Inc (NYSE:BETA – Get Free Report) insider Kyle Clark sold 10,000 shares of BETA Technologies stock in a transaction dated Wednesday, October 28th. The shares were sold at an average price of $20.24, for a total transaction of $202,400.00. Following the sale, the insider owned 4,985,936 shares in the company, valued at approximately $100,915,344.64. This trade represents a 0.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

  • On Friday, October 30th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $19.92, for a total value of $199,200.00.
  • On Friday, October 23rd, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $19.19, for a total value of $191,900.00.
  • On Monday, October 26th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $19.76, for a total value of $197,600.00.
  • On Wednesday, October 21st, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $19.06, for a total transaction of $190,600.00.
  • On Monday, October 19th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $18.11, for a total transaction of $181,100.00.
  • On Friday, October 16th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $18.51, for a total value of $185,100.00.
  • On Wednesday, October 14th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $17.58, for a total transaction of $175,800.00.
  • On Monday, October 12th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $19.91, for a total transaction of $199,100.00.
  • On Friday, October 9th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $20.66, for a total transaction of $206,600.00.
  • 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.

BETA Technologies Price Performance

NYSE:BETA traded down $0.53 during trading hours on Friday, reaching $20.04. The stock had a trading volume of 1,304,726 shares, compared to its average volume of 1,800,639. 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 company has a 50 day moving average price of $20.96 and a two-hundred day moving average price of $19.17. The stock has a market capitalization of $4.52 billion and a PE ratio of -1.54. BETA Technologies Inc has a 52 week low of $13.43 and a 52 week high of $39.50.

BETA Technologies (NYSE:BETA – Get Free Report) last announced its earnings results on Wednesday, August 12th. The company reported ($0.64) earnings per share for the quarter, missing the consensus estimate of ($0.56) by ($0.08). BETA Technologies had a negative net margin of 1,913.91% and a negative return on equity of 96.24%. The firm had revenue of $14.66 million during the quarter. As a group, sell-side analysts anticipate that BETA Technologies Inc will post -2.25 earnings per share for the current fiscal year.

Institutional Trading of BETA Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the business. Masters Capital Management LLC bought a new position in shares of BETA Technologies during the 1st quarter valued at approximately $10,290,000. Bank of America Corp DE grew its stake in BETA Technologies by 117.2% in the 1st quarter. Bank of America Corp DE now owns 348,097 shares of the company’s stock valued at $5,117,000 after acquiring an additional 187,807 shares during the period. Bank of New York Mellon Corp purchased a new stake in BETA Technologies in the 2nd quarter valued at $2,877,000. Corient Private Wealth LP lifted its holdings in shares of BETA Technologies by 116.0% in the 2nd quarter. Corient Private Wealth LP now owns 151,118 shares of the company’s stock worth $2,531,000 after acquiring an additional 81,150 shares during the last quarter. Finally, Cliftonlarsonallen Wealth Advisors LLC purchased a new position in BETA Technologies in the third quarter worth approximately $2,905,000.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on BETA shares. Wall Street Zen downgraded BETA Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, October 24th. Barclays assumed coverage on BETA Technologies in a report on Friday, October 9th. They issued an “overweight” rating and a $35.00 target price on the stock. BTIG Research restated a “buy” rating and set a $33.00 price target on shares of BETA Technologies in a research note on Thursday, August 13th. Needham & Company LLC reissued a “buy” rating and issued a $34.00 target price on shares of BETA Technologies in a research note on Wednesday, October 21st. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $31.00 price target on shares of BETA Technologies in a research report on Monday, October 5th. Ten investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, BETA Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $31.50.

Get Our Latest Stock Report on BETA

About BETA Technologies

(Get Free Report)

BETA Technologies is an aerospace company developing electric aircraft and the infrastructure needed to support electric aviation. Founded in 2017 and headquartered in South Burlington, Vermont, the company focuses on zero-emission aircraft for cargo, logistics, passenger, medical and defense applications.

BETA’s aircraft portfolio includes the ALIA electric vertical takeoff and landing (eVTOL) aircraft and the ALIA CTOL fixed-wing aircraft, which is designed for conventional runway operations.

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