Key Points
- Insider Kyle Clark sold 10,000 BETA Technologies shares at an average price of $18.11, generating $181,100; he still owned approximately 5.06 million shares afterward. The sale continues a series of recurring 10,000-share disposals dating back to late September.
- BETA shares opened at $18.04, with a market capitalization of about $4.07 billion and a 12-month trading range of $13.43 to $39.50. The company recently reported a quarterly loss of $0.64 per share, missing analyst expectations.
- Analyst sentiment remains broadly positive, with an average “Moderate Buy” rating and a $31.50 consensus price target versus the stock’s roughly $18 price. However, BETA remains unprofitable, with analysts expecting a full-year loss of $2.25 per share.
BETA Technologies Inc (NYSE:BETA - Get Free Report) insider Kyle Clark sold 10,000 shares of the stock in a transaction on Monday, October 19th. The shares were sold at an average price of $18.11, for a total transaction of $181,100.00. Following the completion of the sale, the insider owned 5,055,936 shares of the company's stock, valued at approximately $91,563,000.96. This represents a 0.20% decrease in their position. 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 Friday, October 16th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $18.51, for a total transaction of $185,100.00.
- On Wednesday, October 14th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $17.58, for a total transaction of $175,800.00.
- On Monday, October 12th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $19.91, for a total transaction of $199,100.00.
- 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 Wednesday, October 7th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $20.19, for a total transaction of $201,900.00.
- 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 value of $213,000.00.
- On Thursday, October 1st, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $22.00, for a total value of $220,000.00.
- 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 stock was 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 shares were sold at an average price of $23.04, for a total value of $230,400.00.
BETA Technologies Stock Performance
BETA opened at $18.04 on Tuesday. BETA Technologies Inc has a 12-month low of $13.43 and a 12-month high of $39.50. The stock has a market cap of $4.07 billion and a price-to-earnings ratio of -1.39. The business has a 50 day moving average of $21.83 and a 200-day moving average of $18.93. The company has a quick ratio of 14.47, a current ratio of 14.47 and a debt-to-equity ratio of 0.11.
BETA Technologies (NYSE:BETA - Get Free Report) last issued its 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). The business had revenue of $14.66 million for 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 research analysts expect that BETA Technologies Inc will post -2.25 earnings per share for the current year.
Analyst Ratings Changes
A number of equities analysts have commented on the stock. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $31.00 price objective on shares of BETA Technologies in a research report on Monday, October 5th. Citigroup reissued a "buy" rating on shares of BETA Technologies in a research report on Thursday, August 13th. BTIG Research restated a "buy" rating and set a $33.00 target price on shares of BETA Technologies in a research note on Thursday, August 13th. Weiss Ratings upgraded shares of BETA Technologies from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Monday, September 14th. Finally, Barclays started coverage on shares of BETA Technologies in a report on Friday, October 9th. They set an "overweight" rating and a $35.00 target price for the company. Ten equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $31.50.
Check Out Our Latest Analysis on BETA
Institutional Trading of BETA Technologies
Several hedge funds have recently added to or reduced their stakes in the company. Hanson & Doremus Investment Management bought a new stake in BETA Technologies in the 3rd quarter valued at $374,000. Cliftonlarsonallen Wealth Advisors LLC bought a new position in BETA Technologies during the 3rd quarter worth $2,905,000. Triumph Capital Management bought a new position in BETA Technologies during the 3rd quarter worth $308,000. Farther Finance Advisors LLC lifted its holdings in shares of BETA Technologies by 275.0% during the third quarter. Farther Finance Advisors LLC now owns 4,620 shares of the company's stock worth $102,000 after buying an additional 3,388 shares in the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new stake in shares of BETA Technologies during the second quarter worth $235,000.
BETA Technologies Company Profile
(
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 South Burlington, Vermont, the company focuses on zero-emission aircraft for cargo, logistics, passenger, medical and defense applications.
BETA's aircraft portfolio includes the ALIA electric vertical takeoff and landing (eVTOL) aircraft and the ALIA CTOL fixed-wing aircraft, which is designed for conventional runway operations.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
