Key Points
- Insider selling: Kyle Clark sold 23,205 BETA Technologies shares for approximately $585,230 on August 21, reducing his ownership by 0.44% to 5.24 million shares. The sale followed multiple additional disposals in August and late June/early July.
- Operating performance remains weak: BETA reported a quarterly loss of $0.64 per share, missing the $0.56 consensus estimate, on revenue of $14.66 million. Analysts forecast a full-year loss of $2.22 per share.
- Analyst outlook is broadly positive: Nine analysts rate the stock Buy, one rates it Hold and one rates it Sell, producing a “Moderate Buy” consensus and an average price target of $31.11 versus the reported $24.71 share price.
BETA Technologies Inc (NYSE:BETA - Get Free Report) insider Kyle Clark sold 23,205 shares of the company's stock in a transaction on Friday, August 21st. The stock was sold at an average price of $25.22, for a total value of $585,230.10. Following the sale, the insider owned 5,235,936 shares of the company's stock, valued at approximately $132,050,305.92. The trade was a 0.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Kyle Clark also recently made the following trade(s):
- 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 value of $802,200.00.
- On Monday, August 17th, Kyle Clark sold 30,000 shares of BETA Technologies stock. The shares were sold at an average price of $25.08, for a total value of $752,400.00.
- On Friday, August 14th, Kyle Clark sold 17,800 shares of BETA Technologies stock. The stock was sold at an average price of $24.66, for a total value of $438,948.00.
- On Thursday, August 13th, Kyle Clark sold 30,000 shares of BETA Technologies stock. The shares were sold at an average price of $25.42, for a total transaction 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 transaction of $352,050.00.
- On Tuesday, August 11th, Kyle Clark sold 17,005 shares of BETA Technologies stock. The stock was sold at an average price of $24.46, for a total transaction 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 shares were 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 stock was 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 shares were sold at an average price of $16.38, for a total value of $245,700.00.
BETA Technologies Trading Down 3.0%
NYSE:BETA opened at $24.71 on Friday. The business's 50-day moving average is $19.41 and its two-hundred day moving average is $17.91. The firm has a market capitalization of $5.57 billion and a PE ratio of -1.90. BETA Technologies Inc has a 12 month low of $13.43 and a 12 month 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.
BETA Technologies (NYSE:BETA - Get Free Report) last posted its earnings results on Wednesday, August 12th. The company reported ($0.64) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.56) by ($0.08). The company 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%. Research analysts predict that BETA Technologies Inc will post -2.22 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on BETA. Weiss Ratings lowered shares of BETA Technologies from a "sell (d)" rating to a "sell (d-)" rating in a research note on Tuesday. Citigroup reaffirmed a "buy" rating on shares of BETA Technologies in a report on Thursday, August 13th. Needham & Company LLC reaffirmed a "buy" rating and set a $34.00 price target on shares of BETA Technologies in a research note on Wednesday, August 12th. Cantor Fitzgerald restated an "overweight" rating and set a $31.00 target price on shares of BETA Technologies in a research note on Thursday, August 13th. Finally, BTIG Research reiterated a "buy" rating and issued a $33.00 price target on shares of BETA Technologies in a research note on Thursday, August 13th. Nine investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $31.11.
Get Our Latest Analysis on BETA
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the business. Sandia Investment Management LP bought a new stake in shares of BETA Technologies during the 4th quarter valued at about $26,000. California State Teachers Retirement System bought a new position in BETA Technologies in the first quarter worth about $27,000. Rockefeller Capital Management L.P. bought a new position in BETA Technologies in the fourth quarter worth about $35,000. Manchester Capital Management LLC acquired a new position in BETA Technologies in the fourth quarter valued at approximately $38,000. Finally, Parallel Advisors LLC boosted its stake in BETA Technologies by 26.0% in the first 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 period.
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.
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