Beta Technologies president and CEO Kyle Clark sells $560,177 in Class A stock
Kyle Clark, President and CEO of BETA Technologies, sold 30,000 shares of Class A common stock between October 12 and October 14, 2026, through an affiliated entity. The sales occurred at weighted average prices ranging from $17.58 to $19.91, totaling $560,177. The stock experienced a decline of approximately 14%, trading at $17.68 following the transactions.
BETA Technologies has been conducting daily piloted test flights, with its electric aircraft amassing over 230,000 nautical miles in flight as of early October. Despite a wider-than-expected loss in the second quarter of 2026, the company reported a 146% increase in revenue to $14.66 million, driven by the GE Aerospace demonstration program and charger deliveries to the Florida Department of Transportation.
Cantor Fitzgerald maintained an Overweight rating for BETA Technologies, with a price target of $31.00, citing the company's advancements in flight testing as a positive factor.
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