Key Points
- BETA Technologies CFO Herman Cueto sold 18,586 shares on May 7 at an average price of $18.12, totaling $336,778.32. The company said the sale was to cover tax withholding tied to vesting equity awards.
- The transaction reduced Cueto’s holdings by 17.04%, leaving him with 90,465 shares valued at about $1.64 million. The filing was disclosed with the SEC.
- Analysts remain broadly constructive on BETA, with nine Buy ratings and a consensus price target of $33.56, despite recent insider selling and a recent earnings miss.
BETA Technologies Inc (NYSE:BETA - Get Free Report) insider Brian Dunkiel sold 9,684 shares of the firm's stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $18.12, for a total value of $175,474.08. Following the sale, the insider owned 132,241 shares in the company, valued at approximately $2,396,206.92. The trade was a 6.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
BETA Technologies Stock Down 0.9%
NYSE BETA opened at $18.52 on Tuesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 22.77 and a current ratio of 22.77. BETA Technologies Inc has a fifty-two week low of $13.43 and a fifty-two week high of $39.50. The business has a 50 day moving average of $16.80. The stock has a market cap of $4.10 billion and a PE ratio of -1.56.
BETA Technologies (NYSE:BETA - Get Free Report) last posted its quarterly earnings data on Monday, March 9th. The company reported ($2.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.47) by ($1.55). The firm had revenue of $11.13 million for the quarter, compared to the consensus estimate of $6.69 million. The business's revenue for the quarter was up 152.3% on a year-over-year basis. Sell-side analysts anticipate that BETA Technologies Inc will post -2.2 EPS for the current fiscal year.
Key Stories Impacting BETA Technologies
Here are the key news stories impacting BETA Technologies this week:
- Positive Sentiment: Recent commentary suggests the company’s eIPP deal could help support future revenue, which may partly offset near-term concerns ahead of earnings. Article: BETA Technologies earnings up next: Can eIPP deal boost revenue?
- Neutral Sentiment: Analyst-style previews indicate BETA is expected to report a Q1 loss and lower sales, but the reports mainly frame expectations rather than provide new fundamentals. Article: BETA Technologies to post Q1 loss on lower sales
- Neutral Sentiment: Multiple executives and insiders sold shares at $18.12, but the filings say the transactions were primarily to cover tax withholding tied to vesting equity awards, which makes them less alarming than open-market selling. Still, the volume of sales can weigh on sentiment. SEC filing: insider sale by Kyle Clark
- Neutral Sentiment: Additional insider sales were disclosed by the CFO, COO, CTO, and CAO, all at the same price level and for the same tax-withholding reason, reinforcing the impression of a broad but largely routine insider selloff. SEC filing: insider sale by CFO Herman Cueto
- Negative Sentiment: The cluster of insider sales, including a sizable reduction by founder Kyle Clark, can be seen as a short-term negative signal for investor confidence, especially heading into earnings. SEC filing: insider sale by Kyle Clark
Institutional Trading of BETA Technologies
Several institutional investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC boosted its stake in BETA Technologies by 26.0% during the 1st quarter. Parallel Advisors LLC now owns 3,323 shares of the company's stock valued at $49,000 after acquiring an additional 685 shares during the last quarter. Sandia Investment Management LP bought a new stake in shares of BETA Technologies in the 4th quarter worth about $26,000. Rockefeller Capital Management L.P. acquired a new stake in shares of BETA Technologies in the 4th quarter valued at about $35,000. Manchester Capital Management LLC acquired a new stake in shares of BETA Technologies in the 4th quarter valued at about $38,000. Finally, Wolff Wiese Magana LLC bought a new position in shares of BETA Technologies during the fourth quarter worth about $42,000.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on the stock. Weiss Ratings started coverage on shares of BETA Technologies in a research note on Friday, January 30th. They set a "sell (d-)" rating on the stock. Morgan Stanley lowered their target price 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. Wall Street Zen raised BETA Technologies from a "sell" rating to a "hold" rating in a research report on Saturday, January 17th. Citigroup cut their price target on BETA Technologies from $41.00 to $33.00 and set a "buy" rating on the stock in a research note on Thursday, April 2nd. Finally, BTIG Research reissued a "buy" rating and issued a $40.00 price target on shares of BETA Technologies in a report on Tuesday, March 10th. Nine analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, BETA Technologies has a consensus rating of "Moderate Buy" and an average price target of $33.56.
Read Our Latest Research Report on BETA
BETA Technologies Company Profile
(
Get Free Report)
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.
Further Reading
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