Kyle Clark, President and Chief Executive Officer and a Director at BETA Technologies (NASDAQ: BETA), sold a total of 20,000 shares of the company's Class A common stock across two separate transactions, totaling $563,525. The sales took place on November 10 and November 11, 2026.
On November 10, 2026, Clark disposed of 10,000 shares at a weighted average price of $28.015 per share, with individual transaction prices ranging from $27.61 to $28.52. This transaction amounted to $280,150. The following day, November 11, 2026, an additional 10,000 shares were sold at a weighted average price of $28.3375 per share, with prices for individual sales ranging from $27.75 to $28.73, totaling $283,375. These dispositions were executed through a pre-arranged 10b5-1 trading plan by The Godric's Hollow Trust, an entity affiliated with Clark. The weighted average prices for these sales ranged from $28.015 to $28.3375.
Following these transactions, Clark directly holds 738,915 shares of Class A common stock. Indirectly, 4,885,936 shares are held by The Godric's Hollow Trust, 49,746 shares by his spouse, and 1,624,907 shares by The Burrow Trust. Clark disclaims beneficial ownership of these indirectly held securities except to the extent of his pecuniary interest.
The sales occurred as BETA's stock declined roughly 14% over the past week, though shares remain up over 40% in the past six months. According to InvestingPro analysis, the stock appears undervalued at current levels.
In other recent news, Beta Technologies reported a significant increase in revenue for the third quarter of 2026, with a 98% rise year over year to $17.67 million. Despite this impressive growth, the company posted an adjusted loss per share of $0.51, slightly missing the forecast by $0.03. The company also announced an amended type certification application for its H500B motor during its earnings call.
Goldman Sachs has reiterated its Buy rating for Beta Technologies, following the company's third-quarter results, maintaining a price target of $28. Conversely, Jefferies downgraded Beta Technologies from Buy to Hold, citing delays in aircraft deliveries now expected in 2028. Needham also adjusted its price target to $28 from $34 due to uncertainties in FAA certification timelines, although it maintained a Buy rating on the stock. These developments highlight the mixed sentiment among analysts regarding Beta Technologies, balancing strong revenue growth with concerns over delivery timelines.