Insider Selling: BETA Technologies (NYSE:BETA) Insider Sells 10,000 Shares of Company Stock

by · The Markets Daily

BETA Technologies Inc (NYSE:BETA – Get Free Report) insider Kyle Clark sold 10,000 shares of the firm’s stock in a transaction on Friday, October 23rd. The shares were sold at an average price of $19.19, for a total transaction of $191,900.00. Following the sale, the insider owned 5,015,936 shares in the company, valued at approximately $96,255,811.84. This represents a 0.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Kyle Clark also recently made the following trade(s):

  • 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 stock was 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 stock was sold at an average price of $18.11, for a total transaction of $181,100.00.
  • 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 value of $185,100.00.
  • On Wednesday, October 14th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were 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 shares were sold at an average price of $19.91, for a total value 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 value of $206,600.00.
  • On Wednesday, October 7th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $20.19, for a total value 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.

BETA Technologies Stock Performance

BETA stock traded up $0.90 during mid-day trading on Tuesday, reaching $20.72. 1,870,968 shares of the company’s stock were exchanged. BETA Technologies Inc has a 12-month low of $13.43 and a 12-month high of $39.50. The stock’s 50 day moving average is $21.21 and its 200 day moving average is $19.25.

BETA Technologies (NYSE:BETA – Get Free Report) last posted its quarterly earnings data on Wednesday, August 12th. The company reported ($0.64) EPS for the quarter, missing analysts’ consensus estimates of ($0.56) by ($0.08). The firm had revenue of $14.66 million during the quarter. Analysts expect that BETA Technologies Inc will post -2.25 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp purchased a new stake in shares of BETA Technologies during the first quarter worth $1,162,000. Masters Capital Management LLC purchased a new position in shares of BETA Technologies in the first quarter worth about $10,290,000. Cliftonlarsonallen Wealth Advisors LLC purchased a new position in shares of BETA Technologies in the third quarter worth about $2,905,000. Quantinno Capital Management LP acquired a new position in BETA Technologies during the first quarter worth about $1,115,000. Finally, Corient Private Wealth LP boosted its position in BETA Technologies by 116.0% during the second 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 during the last quarter.

Analyst Ratings Changes

BETA has been the topic of several recent analyst reports. Barclays began coverage on shares of BETA Technologies in a report on Friday, October 9th. They set an “overweight” rating and a $35.00 price objective on the stock. Cantor Fitzgerald reissued an “overweight” rating and set a $31.00 target price on shares of BETA Technologies in a research note on Monday, October 5th. Needham & Company LLC restated a “buy” rating and set a $34.00 price target on shares of BETA Technologies in a research report on Wednesday, October 21st. Wall Street Zen lowered shares of BETA Technologies from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Citigroup reiterated a “buy” rating on shares of BETA Technologies in a report on Thursday, August 13th. Ten analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.50.

Get Our Latest Research Report on BETA Technologies

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.

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