BETA Technologies Inc (NYSE:BETA - Get Free Report) insider Kyle Clark sold 17,800 shares of BETA Technologies stock in a transaction on Friday, August 14th. The shares were sold at an average price of $24.66, for a total value of $438,948.00. Following the completion of the transaction, the insider owned 5,379,141 shares of the company's stock, valued at approximately $132,649,617.06. The trade was a 0.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Kyle Clark also recently made the following trade(s):
- 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 value of $752,400.00.
- On Thursday, August 13th, Kyle Clark sold 30,000 shares of BETA Technologies stock. The stock was sold at an average price of $25.42, for a total value of $762,600.00.
- On Wednesday, August 12th, Kyle Clark sold 15,000 shares of BETA Technologies stock. The shares were sold at an average price of $23.47, for a total value of $352,050.00.
- On Tuesday, August 11th, Kyle Clark sold 17,005 shares of BETA Technologies stock. The shares were sold at an average price of $24.46, for a total value of $415,942.30.
- On Monday, August 10th, Kyle Clark sold 15,891 shares of BETA Technologies stock. The stock was sold at an average price of $24.24, for a total transaction of $385,197.84.
- On Friday, August 7th, Kyle Clark sold 15,000 shares of BETA Technologies stock. The stock was sold at an average price of $23.25, for a total transaction of $348,750.00.
- On Wednesday, July 1st, Kyle Clark sold 15,000 shares of BETA Technologies stock. The shares were sold at an average price of $17.41, for a total transaction of $261,150.00.
- 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 transaction of $245,700.00.
- On Friday, June 26th, Kyle Clark sold 15,000 shares of BETA Technologies stock. The stock was sold at an average price of $16.51, for a total transaction 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 transaction of $237,450.00.
BETA Technologies Stock Performance
BETA stock opened at $26.79 on Wednesday. The company has a 50 day moving average price of $18.86 and a 200 day moving average price of $17.81. BETA Technologies Inc has a fifty-two week low of $13.43 and a fifty-two week 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 stock has a market capitalization of $6.04 billion and a PE ratio of -2.06.
BETA Technologies (NYSE:BETA - Get Free Report) last announced its quarterly earnings data on Wednesday, August 12th. The company reported ($0.64) EPS for the quarter, missing analysts' consensus estimates of ($0.56) by ($0.08). The firm had revenue of $14.66 million during the quarter. BETA Technologies had a negative net margin of 1,913.91% and a negative return on equity of 96.24%. Analysts forecast that BETA Technologies Inc will post -2.22 EPS for the current year.
Institutional Investors Weigh In On BETA Technologies
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sandia Investment Management LP acquired a new position in shares of BETA Technologies during the 4th quarter worth about $26,000. California State Teachers Retirement System acquired a new stake in shares of BETA Technologies in the first quarter valued at about $27,000. Rockefeller Capital Management L.P. acquired a new stake in shares of BETA Technologies in the fourth quarter valued at about $35,000. Manchester Capital Management LLC bought a new stake in BETA Technologies during the fourth quarter worth about $38,000. Finally, Parallel Advisors LLC raised 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 worth $49,000 after acquiring an additional 685 shares in the last quarter.
Wall Street Analysts Forecast Growth
Several analysts have weighed in on BETA shares. BTIG Research reissued a "buy" rating and set a $33.00 price objective on shares of BETA Technologies in a report on Thursday, August 13th. Needham & Company LLC reiterated a "buy" rating and issued a $34.00 price objective on shares of BETA Technologies in a report on Wednesday, August 12th. Citigroup reiterated a "buy" rating on shares of BETA Technologies in a report on Thursday, August 13th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $31.00 price target on shares of BETA Technologies in a research report on Thursday, August 13th. Finally, Weiss Ratings raised BETA Technologies from a "sell (d-)" rating to a "sell (d)" rating in a research note on Tuesday, August 4th. Nine 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's stock. According to MarketBeat.com, BETA Technologies has an average rating of "Moderate Buy" and a consensus price target of $31.11.
View Our Latest Research Report on BETA Technologies
About BETA Technologies
(
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.
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