Key Points
- Insider sale: Kyle Clark sold 10,000 BETA Technologies shares at $22 each, generating $220,000. He still owns approximately 5.18 million shares valued at about $113.9 million.
- Recent performance: BETA shares opened at $21.67, down 2%, while the company reported a quarterly loss of $0.64 per share—worse than the $0.56 consensus estimate—and $14.66 million in revenue.
- Analyst outlook: Wall Street maintains a “Moderate Buy” consensus, with nine Buy ratings and an average price target of $31.11, substantially above the reported share price.
BETA Technologies Inc (NYSE:BETA - Get Free Report) insider Kyle Clark sold 10,000 shares of the firm's stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $22.00, for a total value of $220,000.00. Following the completion of the transaction, the insider owned 5,175,936 shares of the company's stock, valued at approximately $113,870,592. The trade was a 0.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Kyle Clark also recently made the following trade(s):
- On Tuesday, September 29th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $22.62, for a total value 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 value 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 shares were 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.
- 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 stock was 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.
BETA Technologies Trading Down 2.0%
Shares of BETA Technologies stock opened at $21.67 on Friday. The stock has a market cap of $4.89 billion and a PE ratio of -1.66. The firm has a fifty day moving average price of $21.96 and a 200 day moving average price of $18.54. 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.
BETA Technologies (NYSE:BETA - Get Free Report) last posted its quarterly earnings results on Wednesday, August 12th. The company reported ($0.64) EPS 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 business had revenue of $14.66 million during the quarter. Equities research analysts predict that BETA Technologies Inc will post -2.25 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several analysts recently commented on BETA shares. BTIG Research reaffirmed a "buy" rating and set a $33.00 target price on shares of BETA Technologies in a report on Thursday, August 13th. Needham & Company LLC reissued a "buy" rating and issued a $34.00 price target on shares of BETA Technologies in a report on Wednesday, August 12th. Weiss Ratings upgraded BETA Technologies from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Monday, September 14th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $31.00 price objective on shares of BETA Technologies in a research note on Thursday, August 13th. Finally, Citigroup reaffirmed a "buy" rating on shares of BETA Technologies in a research note on Thursday, August 13th. Nine analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, BETA Technologies has an average rating of "Moderate Buy" and an average price target of $31.11.
View Our Latest Stock Analysis on BETA
Institutional Investors Weigh In On BETA Technologies
A number of institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp acquired a new position in BETA Technologies in the 1st quarter worth about $1,162,000. Masters Capital Management LLC acquired a new stake in BETA Technologies in the first quarter valued at approximately $10,290,000. Quantinno Capital Management LP acquired a new stake in BETA Technologies in the first quarter valued at approximately $1,115,000. Clearbridge Investments LLC purchased a new stake in shares of BETA Technologies in the fourth quarter valued at approximately $18,402,000. Finally, Granahan Investment Management LLC purchased a new stake in shares of BETA Technologies in the fourth quarter valued at approximately $12,366,000.
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.
Further Reading
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