Key Points
- CEO Kyle Clark sold 10,000 shares at an average $20.69 for $206,900, leaving him with about 4.96 million shares; the sale reduced his position by 0.20%. The article also notes multiple recent sales of 10,000 shares each.
- BETA reported quarterly revenue of $17.67 million, up 98.6% year over year, and a loss of $0.51 per share—narrower than analysts expected. The company remains unprofitable.
- Analysts’ consensus rating is “Moderate Buy”, with an average target price of $30.90; shares were cited at $25.21.
BETA Technologies Inc (NYSE:BETA - Get Free Report) insider Kyle Clark sold 10,000 shares of the business's stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $20.69, for a total transaction of $206,900.00. Following the sale, the insider directly owned 4,955,936 shares in the company, valued at $102,538,315.84. The trade was a 0.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Kyle Clark also recently made the following trade(s):
- On Wednesday, November 4th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $24.90, for a total value of $249,000.00.
- On Friday, October 30th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $19.92, for a total value of $199,200.00.
- On Wednesday, October 28th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $20.24, for a total value of $202,400.00.
- On Friday, October 23rd, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $19.19, for a total value of $191,900.00.
- On Monday, October 26th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $19.76, for a total value of $197,600.00.
- On Wednesday, October 21st, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $19.06, for a total value of $190,600.00.
- On Monday, October 19th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $18.11, for a total value of $181,100.00.
- On Friday, October 16th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $18.51, for a total value 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 value of $175,800.00.
- On Monday, October 12th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $19.91, for a total value of $199,100.00.
BETA Technologies Trading Up 6.6%
Shares of NYSE BETA opened at $25.21 on Thursday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 14.47 and a current ratio of 14.47. BETA Technologies Inc has a 52 week low of $13.43 and a 52 week high of $39.50. The business has a 50-day simple moving average of $20.82 and a two-hundred day simple moving average of $19.07.
BETA Technologies (NYSE:BETA - Get Free Report) last announced its quarterly earnings results on Tuesday, November 3rd. The company reported ($0.51) earnings per share for the quarter, beating the consensus estimate of ($0.54) by $0.03. BETA Technologies had a negative return on equity of 31.41% and a negative net margin of 1,007.80%. The firm had revenue of $17.67 million for the quarter. During the same quarter in the prior year, the company earned ($9.83) earnings per share. The company's quarterly revenue was up 98.6% on a year-over-year basis. On average, equities analysts predict that BETA Technologies Inc will post -2.25 EPS for the current fiscal year.
Key Headlines Impacting BETA Technologies
Here are the key news stories impacting BETA Technologies this week:
- Positive Sentiment: Third-quarter revenue nearly doubled year over year to $17.67 million, while the loss of $0.51 per share was narrower than analysts expected. The company also raised its 2026 revenue outlook and cited an aircraft backlog of about $4 billion, strengthening expectations for future growth. BETA Technologies third-quarter results Backlog and revenue outlook
- Positive Sentiment: Cantor Fitzgerald reaffirmed its “overweight” rating and $31 price target, indicating potential upside from the cited $25.21 share price. Cantor Fitzgerald rating
- Positive Sentiment: BETA is advancing certification testing and preparing to ramp production, while targeting electric-aircraft sales in cargo and medical markets—potential steps toward commercialization. Certification and production update
- Negative Sentiment: Founder and CEO Kyle Clark sold 10,000 shares in each of two transactions disclosed for November 2 and 4. The sales were small relative to his remaining holding of about 4.94 million shares, but insider selling can weigh on sentiment. SEC insider transaction filing
- Negative Sentiment: Despite the earnings beat and substantial year-over-year improvement, BETA still reported a quarterly loss and remains unprofitable, leaving execution and financing needs important risks for investors.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on the company. 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. Citigroup reaffirmed a "buy" rating on shares of BETA Technologies in a research note on Thursday, August 13th. Needham & Company LLC decreased their price objective on BETA Technologies from $34.00 to $28.00 and set a "buy" rating on the stock in a report on Wednesday. Cantor Fitzgerald restated an "overweight" rating and set a $31.00 target price on shares of BETA Technologies in a report on Wednesday. Finally, Wall Street Zen upgraded BETA Technologies from a "sell" rating to a "hold" rating in a research report on Sunday. Ten research 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. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $30.90.
View Our Latest Research Report on BETA Technologies
Institutional Investors Weigh In On BETA Technologies
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Masters Capital Management LLC purchased a new stake in BETA Technologies during the 1st quarter valued at $10,290,000. Bank of America Corp DE increased its position in shares of BETA Technologies by 117.2% in the first quarter. Bank of America Corp DE now owns 348,097 shares of the company's stock valued at $5,117,000 after acquiring an additional 187,807 shares during the period. Cliftonlarsonallen Wealth Advisors LLC bought a new position in shares of BETA Technologies during the third quarter valued at about $2,905,000. Bank of New York Mellon Corp bought a new position in shares of BETA Technologies during the second quarter valued at about $2,877,000. Finally, Corient Private Wealth LP raised its stake in shares of BETA Technologies by 116.0% during the second quarter. Corient Private Wealth LP now owns 151,118 shares of the company's stock valued at $2,531,000 after acquiring an additional 81,150 shares during the last quarter.
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.
Read More
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].
