Wheels Up Experience (NYSE:UP) CEO George Mattson Buys 10,029 Shares of Stock

Wheels Up Experience Inc. (NYSE:UP) CEO George Mattson purchased 10,029 shares of the company’s stock in a transaction dated Friday, May 15th. The stock was bought at an average cost of $5.13 per share, for a total transaction of $51,448.77. Following the completion of the purchase, the chief executive officer directly owned 26,316 shares of the company’s stock, valued at $135,001.08. The trade was a 61.58% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Wheels Up Experience Trading Down 9.8%

NYSE UP opened at $5.03 on Friday. Wheels Up Experience Inc. has a 1-year low of $4.69 and a 1-year high of $70.00. The company has a market capitalization of $182.22 million, a PE ratio of -0.64 and a beta of 1.86. The firm’s fifty day simple moving average is $8.73 and its 200-day simple moving average is $13.62.

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

Institutional Investors Weigh In On Wheels Up Experience

Large investors have recently bought and sold shares of the business. Kestra Private Wealth Services LLC bought a new stake in Wheels Up Experience in the third quarter worth $25,000. Unconventional Investor LLC bought a new stake in Wheels Up Experience during the third quarter valued at about $31,000. WealthShield Partners LLC bought a new stake in Wheels Up Experience during the third quarter valued at about $33,000. Clearstead Advisors LLC bought a new stake in Wheels Up Experience during the third quarter valued at about $37,000. Finally, Creative Planning bought a new stake in Wheels Up Experience during the second quarter valued at about $25,000. 98.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

About Wheels Up Experience

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.