Wheels Up Experience (NYSE:UP) Insider Sells $18,981.96 in Stock

Wheels Up Experience Inc. (NYSE:UP) insider Mark Briffa sold 3,804 shares of the company’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $4.99, for a total transaction of $18,981.96. Following the completion of the sale, the insider owned 82,003 shares of the company’s stock, valued at $409,194.97. This represents a 4.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Wheels Up Experience Price Performance

NYSE UP opened at $5.03 on Monday. Wheels Up Experience Inc. has a fifty-two week low of $4.69 and a fifty-two week high of $70.00. The stock’s 50-day moving average is $8.73 and its two-hundred day moving average is $13.50. The firm has a market cap of $182.24 million, a P/E ratio of -0.64 and a beta of 1.86.

Wheels Up Experience (NYSE:UP) last released its quarterly earnings results on Monday, May 11th. The company reported ($2.29) earnings per share (EPS) for the quarter. The firm had revenue of $168.92 million during the quarter.

Hedge Funds Weigh In On Wheels Up Experience

Institutional investors have recently made changes to their positions in the business. Kestra Private Wealth Services LLC acquired a new position in shares of Wheels Up Experience during the 3rd quarter worth about $25,000. Unconventional Investor LLC acquired a new stake in Wheels Up Experience in the 3rd quarter valued at approximately $31,000. WealthShield Partners LLC acquired a new stake in Wheels Up Experience in the 3rd quarter valued at approximately $33,000. Clearstead Advisors LLC bought a new position in Wheels Up Experience in the 3rd quarter worth approximately $37,000. Finally, Creative Planning bought a new position in Wheels Up Experience in the 2nd quarter worth approximately $25,000. 98.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on UP shares. Wall Street Zen cut Wheels Up Experience from a “hold” rating to a “sell” rating in a research report on Saturday. Weiss Ratings reissued a “sell (d-)” rating on shares of Wheels Up Experience in a research report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Wheels Up Experience currently has an average rating of “Sell”.

Wheels Up Experience Company Profile

Wheels Up Experience Inc is a membership-driven private aviation company that provides on-demand charter flights and flight card services to corporate clients and high-net-worth individuals. The company operates a combination of owned and managed aircraft, including turboprops and light to midsize jets, and supplements its fleet through a network of partner operators. Its digital platform allows members to book flights, manage itineraries and access empty-leg opportunities with real-time pricing and availability.

Through tiered membership programs, Wheels Up offers flexible access to private air travel without the long-term commitments typically associated with fractional ownership.