Wheels Up Experience (NYSE:UP) Insider Mark Briffa Sells 3,804 Shares

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

Wheels Up Experience Trading Down 9.8%

Wheels Up Experience stock traded down $0.55 during mid-day trading on Friday, hitting $5.03. The company had a trading volume of 158,107 shares, compared to its average volume of 238,319. Wheels Up Experience Inc. has a 12 month low of $4.69 and a 12 month high of $70.00. The stock’s 50 day moving average price is $8.73 and its two-hundred day moving average price is $13.62. The company has a market capitalization of $182.22 million, a PE ratio of -0.64 and a beta of 1.86.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Wheels Up Experience in a research note on Wednesday, January 21st. Wall Street Zen upgraded Wheels Up Experience from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of UP. Kestra Private Wealth Services LLC purchased a new stake in Wheels Up Experience during the third quarter valued at $25,000. Millennium Management LLC increased its position in Wheels Up Experience by 1.1% during the fourth quarter. Millennium Management LLC now owns 1,309,584 shares of the company’s stock valued at $859,000 after acquiring an additional 14,332 shares during the last quarter. Unconventional Investor LLC purchased a new stake in Wheels Up Experience during the third quarter valued at $31,000. WealthShield Partners LLC purchased a new stake in Wheels Up Experience during the third quarter valued at $33,000. Finally, Clearstead Advisors LLC purchased a new stake in Wheels Up Experience during the third quarter valued at $37,000. Hedge funds and other institutional investors own 98.20% of the company’s stock.

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.