Mark Briffa Sells 86,813 Shares of Wheels Up Experience (NYSE:UP) Stock

Wheels Up Experience Inc. (NYSE:UP) insider Mark Briffa sold 86,813 shares of Wheels Up Experience stock in a transaction on Friday, November 7th. The shares were sold at an average price of $1.23, for a total value of $106,779.99. Following the completion of the sale, the insider directly owned 866,670 shares of the company’s stock, valued at $1,066,004.10. The trade was a 9.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Mark Briffa also recently made the following trade(s):

• On Thursday, September 11th, Mark Briffa sold 9,904 shares of Wheels Up Experience stock. The stock was sold at an average price of $2.18, for a total transaction of $21,590.72.
• On Thursday, August 28th, Mark Briffa sold 5,780 shares of Wheels Up Experience stock. The shares were sold at an average price of $2.96, for a total value of $17,108.80.
• On Tuesday, August 26th, Mark Briffa sold 5,780 shares of Wheels Up Experience stock. The shares were sold at an average price of $3.00, for a total transaction of $17,340.00.

Wheels Up Experience Stock Up 11.5%

Wheels Up Experience stock traded up $0.15 during trading on Friday, reaching $1.41. The stock had a trading volume of 6,811,842 shares, compared to its average volume of 5,474,071. Wheels Up Experience Inc. has a 52-week low of $0.74 and a 52-week high of $3.50. The stock has a market cap of $981.81 million, a PE ratio of -2.75 and a beta of 2.30. The business has a 50 day moving average price of $1.87 and a 200 day moving average price of $1.62.

Wheels Up Experience (NYSE:UP) last announced its quarterly earnings data on Wednesday, November 5th. The company reported ($0.12) earnings per share for the quarter. The firm had revenue of $185.49 million for the quarter.

Hedge Funds Weigh In On Wheels Up Experience

A number of institutional investors have recently modified their holdings of the business. Unconventional Investor LLC purchased a new stake in Wheels Up Experience in the 3rd quarter valued at $31,000. WealthShield Partners LLC acquired a new position in Wheels Up Experience in the third quarter valued at $33,000. Creative Planning acquired a new position in Wheels Up Experience in the second quarter valued at $25,000. Hudson Bay Capital Management LP purchased a new stake in shares of Wheels Up Experience in the second quarter valued at about $25,000. Finally, CWM LLC boosted its stake in shares of Wheels Up Experience by 77.0% during the second quarter. CWM LLC now owns 24,880 shares of the company’s stock worth $27,000 after buying an additional 10,827 shares during the period. 98.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Wheels Up Experience in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Wheels Up Experience Company Profile

Wheels Up Experience Inc provides private aviation services in the United States and internationally. The company offers Wheels Up Membership program that consists of two primary membership categories, such as Individual membership for individual and business fliers; and UP for Business membership consists of small and medium enterprise, and custom enterprise solutions for business fliers that tend to spend at higher levels.