Key Points
- Insider Kyle Clark sold 10,000 BETA shares on November 11 at an average $28.34, for $283,400. After the sale, he held about 4.89 million shares; the article also lists several other 10,000-share sales by Clark in recent weeks.
- 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 $0.54 loss.
- Analysts’ consensus rating is “Moderate Buy,” with an average price target of $30.70; ratings cited include nine Buys, two Holds, and one Sell.
BETA Technologies Inc (NYSE:BETA - Get Free Report) insider Kyle Clark sold 10,000 shares of the company's stock in a transaction dated Wednesday, November 11th. The stock was sold at an average price of $28.34, for a total transaction of $283,400.00. Following the transaction, the insider owned 4,885,936 shares in the company, valued at approximately $138,467,426.24. This trade represents a 0.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Kyle Clark also recently made the following trade(s):
- On Monday, November 9th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $28.05, for a total transaction of $280,500.00.
- On Friday, November 6th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $26.39, for a total transaction of $263,900.00.
- 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 shares were 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 stock was 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 transaction of $181,100.00.
BETA Technologies Stock Performance
Shares of BETA Technologies stock opened at $25.23 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 11.51 and a quick ratio of 11.51. The firm has a market cap of $5.71 billion and a P/E ratio of -6.82. The firm has a 50 day simple moving average of $21.55 and a 200 day simple moving average of $19.09. BETA Technologies Inc has a fifty-two week low of $13.43 and a fifty-two week high of $36.43.
BETA Technologies (NYSE:BETA - Get Free Report) last posted its quarterly earnings data on Tuesday, November 3rd. The company reported ($0.51) earnings per share for the quarter, topping the consensus estimate of ($0.54) by $0.03. BETA Technologies had a negative net margin of 1,007.80% and a negative return on equity of 32.36%. The firm had revenue of $17.67 million during the quarter. During the same quarter last year, the firm earned ($9.83) EPS. The business's revenue for the quarter was up 98.6% on a year-over-year basis. Sell-side analysts predict that BETA Technologies Inc will post -2.22 earnings per share for the current fiscal year.
Institutional Investors Weigh In On BETA Technologies
Several institutional investors have recently modified their holdings of BETA. Masters Capital Management LLC bought a new stake in shares of BETA Technologies during the first quarter worth approximately $10,290,000. Bank of America Corp DE lifted its holdings in 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 buying an additional 187,807 shares during the period. Bank of New York Mellon Corp bought a new position in BETA Technologies in the second quarter valued at approximately $2,877,000. Cliftonlarsonallen Wealth Advisors LLC bought a new position in BETA Technologies in the third quarter valued at approximately $2,905,000. Finally, Squarepoint Ops LLC bought a new position in BETA Technologies in the second quarter valued at approximately $2,045,000.
Analysts Set New Price Targets
Several equities research analysts have recently commented on the company. Barclays assumed coverage on BETA Technologies in a research note on Friday, October 9th. They issued an "overweight" rating and a $35.00 target price for the company. BTIG Research reaffirmed a "buy" rating and set a $33.00 price target on shares of BETA Technologies in a research note on Friday, November 6th. Weiss Ratings raised BETA Technologies from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Monday, September 14th. Citigroup reiterated a "buy" rating on shares of BETA Technologies in a report on Thursday, August 13th. Finally, Jefferies Financial Group cut BETA Technologies from a "buy" rating to a "hold" rating and decreased their price target for the company from $29.00 to $27.00 in a report on Monday. Nine investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, BETA Technologies has an average rating of "Moderate Buy" and a consensus price target of $30.70.
View Our Latest Stock Report on BETA
BETA Technologies Company Profile
(
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.
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