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 transaction, the insider directly owned 82,003 shares in the company, valued at $409,194.97. This trade represents a 4.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Wheels Up Experience Stock Performance

NYSE UP opened at $5.03 on Friday. The stock’s fifty day moving average is $8.73 and its two-hundred day moving average is $13.62. The firm has a market capitalization of $182.22 million, a P/E ratio of -0.64 and a beta of 1.86. Wheels Up Experience Inc. has a fifty-two week low of $4.69 and a fifty-two week high of $70.00.

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

Hedge Funds Weigh In On Wheels Up Experience

Several large investors have recently modified their holdings of UP. Kestra Private Wealth Services LLC acquired a new position in shares of Wheels Up Experience in the 3rd quarter valued at $25,000. Creative Planning acquired a new position in shares of Wheels Up Experience in the 2nd quarter valued at $25,000. Hudson Bay Capital Management LP acquired a new position in shares of Wheels Up Experience in the 2nd quarter valued at $25,000. Beck Mack & Oliver LLC acquired a new position in shares of Wheels Up Experience in the 2nd quarter valued at $27,000. Finally, Rooted Wealth Advisors Inc. lifted its stake in shares of Wheels Up Experience by 80.2% in the 4th quarter. Rooted Wealth Advisors Inc. now owns 45,041 shares of the company’s stock valued at $30,000 after purchasing an additional 20,041 shares during the last quarter. Institutional investors and hedge funds own 98.20% of the company’s stock.

Analyst Ratings Changes

Several 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 research report on Saturday. Weiss Ratings restated a “sell (d-)” rating on shares of Wheels Up Experience in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average 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.