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Beta Technologies CEO Kyle Clark sells $612,234 in shares

Beta Technologies CEO Kyle Clark sells $612,234 in shares

BETA Technologies CEO Kyle Clark sold a substantial number of shares, totaling 30,000, between October 7 and October 9, 2026. This sale, totaling $612,234, was conducted pursuant to a pre-arranged 10b5-1 trading plan overseen by The Godric’s Hollow Trust. The stock currently trades at $20.98, with a market capitalization of $4.91 billion.

Analysts view BETA as undervalued, placing it on the platform's Most Undervalued stocks list. On October 7, Clark sold 10,000 shares at a weighted average price of $20.1889, followed by 10,000 shares on October 8 at $20.372 per share, and another 10,000 shares on October 9 at $20.6625 per share. Despite a 26% return over the past six months, the stock is still below its 52-week high of $39.50.

The Godric’s Hollow Trust indirectly holds 5,115,936 shares, while Clark directly holds 738,915 shares and indirectly holds 49,746 shares through his spouse and 1,624,907 shares through The Burrow Trust. BETA Technologies reported a wider-than-expected loss for Q2 2026, but saw a significant revenue increase of 146% to $14.66 million.

The company's full-year sales outlook has been raised, and Cantor Fitzgerald has maintained an Overweight rating with a price target of $31.00, noting the company's piloted test flights covering over 230,000 nautical miles.

Written by urgent.news from Investing.com's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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