BETA Technologies Inc (NYSE:BETA - Get Free Report) insider Kyle Clark sold 10,000 shares of BETA Technologies stock in a transaction dated Friday, November 6th. The shares were sold at an average price of $26.39, for a total transaction of $263,900.00. Following the sale, the insider owned 4,915,936 shares of the company's stock, valued at $129,731,551.04. The trade was a 0.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Kyle Clark also recently made the following trade(s):
- On Monday, November 9th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $28.05, for a total transaction of $280,500.00.
- On Wednesday, November 4th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $24.90, for a total transaction of $249,000.00.
- On Monday, November 2nd, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $20.69, for a total transaction of $206,900.00.
- 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 transaction 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 transaction of $202,400.00.
- On Friday, October 23rd, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $19.19, for a total transaction 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 transaction 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 transaction 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.
BETA Technologies Trading Up 5.3%
BETA opened at $28.54 on Tuesday. The stock's fifty day moving average is $21.13 and its two-hundred day moving average is $19.05. The company has a market capitalization of $6.46 billion and a P/E ratio of -7.71. BETA Technologies Inc has a 52 week low of $13.43 and a 52 week high of $36.43. The company has a quick ratio of 14.47, a current ratio of 11.51 and a debt-to-equity ratio of 0.11.
BETA Technologies (NYSE:BETA - Get Free Report) last issued its earnings results on Tuesday, November 3rd. The company reported ($0.51) earnings per share for the quarter, beating analysts' consensus estimates of ($0.54) by $0.03. BETA Technologies had a negative return on equity of 32.36% and a negative net margin of 1,007.80%. The business had revenue of $17.67 million during the quarter. During the same period last year, the firm earned ($9.83) earnings per share. The company's revenue for the quarter was up 98.6% on a year-over-year basis. Analysts forecast that BETA Technologies Inc will post -2.24 earnings per share for the current year.
Wall Street Analyst Weigh In
Several brokerages have recently commented on BETA. Cantor Fitzgerald restated an "overweight" rating and set a $31.00 price target on shares of BETA Technologies in a research note on Wednesday, November 4th. Weiss Ratings raised shares of BETA Technologies from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Monday, September 14th. Citigroup reaffirmed a "buy" rating on shares of BETA Technologies in a research note on Thursday, August 13th. Needham & Company LLC dropped their target price on shares of BETA Technologies from $34.00 to $28.00 and set a "buy" rating on the stock in a report on Wednesday, November 4th. Finally, Wall Street Zen raised shares of BETA Technologies from a "sell" rating to a "hold" rating in a research report on Sunday, November 1st. Nine equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $30.70.
Read Our Latest Stock Analysis on BETA Technologies
Institutional Trading of BETA Technologies
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Masters Capital Management LLC bought a new stake in BETA Technologies during the 1st quarter valued at $10,290,000. Bank of America Corp DE raised its position in shares of BETA Technologies by 117.2% in the 1st quarter. Bank of America Corp DE now owns 348,097 shares of the company's stock worth $5,117,000 after acquiring an additional 187,807 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of BETA Technologies in the 2nd quarter worth $2,877,000. Corient Private Wealth LP raised its position in shares of BETA Technologies by 116.0% in the 2nd quarter. Corient Private Wealth LP now owns 151,118 shares of the company's stock worth $2,531,000 after acquiring an additional 81,150 shares in the last quarter. Finally, Cliftonlarsonallen Wealth Advisors LLC purchased a new stake in shares of BETA Technologies during the 3rd quarter worth $2,905,000.
About BETA Technologies
(
Get Free Report)
BETA Technologies is an aerospace company that develops electric aircraft, electric propulsion systems and supporting charging infrastructure. Founded in 2017 by pilot and engineer Kyle Clark, the company is based in South Burlington, Vermont, and Clark serves as its chief executive officer.
Its aircraft include the ALIA-250, designed for vertical takeoff and landing, and the CX300, a conventional takeoff-and-landing electric aircraft. BETA is developing these platforms for applications such as cargo transport, medical logistics and defense, with an emphasis on quieter, lower-emission flight.
The company also develops charging systems intended to support electric aviation 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].
