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 the business’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $1.23, for a total transaction of $106,779.99. Following the transaction, the insider owned 866,670 shares in the company, valued at approximately $1,066,004.10. This trade represents a 9.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 shares were sold at an average price of $2.18, for a total value of $21,590.72.
• On Thursday, August 28th, Mark Briffa sold 5,780 shares of Wheels Up Experience stock. The stock was 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 value of $17,340.00.

Wheels Up Experience Price Performance

Shares of NYSE UP traded up $0.15 during trading on Friday, hitting $1.41. 6,811,842 shares of the company were exchanged, compared to its average volume of 5,474,071. Wheels Up Experience Inc. has a 1 year low of $0.74 and a 1 year high of $3.50. The company has a market cap of $981.81 million, a price-to-earnings ratio of -2.75 and a beta of 2.30. The firm’s fifty day moving average price is $1.87 and its 200 day moving average price is $1.62.

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

Institutional Trading of Wheels Up Experience

Several hedge funds and other institutional investors have recently added to or reduced their stakes in UP. Unconventional Investor LLC purchased a new stake in Wheels Up Experience in the third quarter valued at approximately $31,000. WealthShield Partners LLC acquired a new position in shares of Wheels Up Experience during the third quarter worth about $33,000. Creative Planning purchased a new position in Wheels Up Experience in the 2nd quarter worth approximately $25,000. Hudson Bay Capital Management LP purchased a new position in shares of Wheels Up Experience in the second quarter valued at $25,000. Finally, CWM LLC boosted its position in Wheels Up Experience by 77.0% in the 2nd quarter. CWM LLC now owns 24,880 shares of the company’s stock valued at $27,000 after buying an additional 10,827 shares during the last quarter. Hedge funds and other institutional investors own 98.20% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Wheels Up Experience in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

About Wheels Up Experience

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.