BETA Technologies (NYSE:BETA) Insider Kyle Clark Sells 10,000 Shares of Stock

by · The Markets Daily

BETA Technologies Inc (NYSE:BETA – Get Free Report) insider Kyle Clark sold 10,000 shares of the company’s stock in a transaction dated Wednesday, October 7th. The shares were sold at an average price of $20.19, for a total transaction of $201,900.00. Following the transaction, the insider owned 5,135,936 shares in the company, valued at $103,694,547.84. This represents a 0.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

  • 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 Monday, October 5th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $21.30, for a total transaction of $213,000.00.
  • On Thursday, October 1st, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $22.00, for a total transaction of $220,000.00.
  • On Tuesday, September 29th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $22.62, for a total transaction of $226,200.00.
  • On Saturday, September 26th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $23.32, for a total transaction of $233,200.00.
  • On Thursday, September 24th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $23.04, for a total transaction of $230,400.00.
  • On Friday, August 21st, Kyle Clark sold 23,205 shares of BETA Technologies stock. The stock was sold at an average price of $25.22, for a total transaction of $585,230.10.
  • On Wednesday, August 19th, Kyle Clark sold 30,000 shares of BETA Technologies stock. The stock was sold at an average price of $26.74, for a total transaction of $802,200.00.
  • On Monday, August 17th, Kyle Clark sold 30,000 shares of BETA Technologies stock. The stock was sold at an average price of $25.08, for a total transaction of $752,400.00.
  • On Friday, August 14th, Kyle Clark sold 17,800 shares of BETA Technologies stock. The shares were sold at an average price of $24.66, for a total transaction of $438,948.00.

BETA Technologies Price Performance

NYSE BETA opened at $20.96 on Friday. The stock has a market capitalization of $4.73 billion and a price-to-earnings ratio of -1.61. BETA Technologies Inc has a 1-year low of $13.43 and a 1-year high of $39.50. The company has a debt-to-equity ratio of 0.11, a current ratio of 14.47 and a quick ratio of 14.47. The business’s fifty day moving average price is $22.30 and its 200-day moving average price is $18.74.

BETA Technologies (NYSE:BETA – Get Free Report) last issued its quarterly earnings data on Wednesday, August 12th. The company reported ($0.64) EPS for the quarter, missing the consensus estimate of ($0.56) by ($0.08). The firm had revenue of $14.66 million during the quarter. BETA Technologies had a negative return on equity of 96.24% and a negative net margin of 1,913.91%. On average, equities analysts predict that BETA Technologies Inc will post -2.25 earnings per share for the current year.

Institutional Investors Weigh In On BETA Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Parallel Advisors LLC lifted its holdings in BETA Technologies by 26.0% during the first quarter. Parallel Advisors LLC now owns 3,323 shares of the company’s stock valued at $49,000 after purchasing an additional 685 shares in the last quarter. Rockefeller Capital Management L.P. purchased a new stake in shares of BETA Technologies in the fourth quarter worth $35,000. Allworth Financial LP increased its stake in shares of BETA Technologies by 257.2% in the second quarter. Allworth Financial LP now owns 1,786 shares of the company’s stock worth $30,000 after purchasing an additional 1,286 shares in the last quarter. Manchester Capital Management LLC bought a new stake in shares of BETA Technologies during the 4th quarter valued at $38,000. Finally, IFP Advisors Inc raised its position in shares of BETA Technologies by 555.6% during the 2nd quarter. IFP Advisors Inc now owns 1,803 shares of the company’s stock valued at $30,000 after purchasing an additional 1,528 shares during the period.

Wall Street Analysts Forecast Growth

BETA has been the subject of a number of recent research reports. 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. Cantor Fitzgerald reiterated an “overweight” rating and issued a $31.00 price objective on shares of BETA Technologies in a research note on Monday, October 5th. Needham & Company LLC reissued a “buy” rating and issued a $34.00 price objective on shares of BETA Technologies in a report on Wednesday, August 12th. Weiss Ratings upgraded shares of BETA Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, September 14th. Finally, Barclays assumed coverage on shares of BETA Technologies in a report on Friday. They set an “overweight” rating and a $35.00 target price for the company. Ten analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, BETA Technologies has a consensus rating of “Moderate Buy” and an average target price of $31.50.

View Our Latest Research Report on BETA Technologies

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 Vermont, the company focuses on designing, certifying and manufacturing electric vertical takeoff and landing (eVTOL) and conventional takeoff and landing (CTOL) aircraft.

Its aircraft family includes the ALIA VTOL and ALIA CTOL models, which are designed for applications such as cargo transport, passenger travel, medical logistics and defense missions.

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