Wheels Up Experience Inc. (NYSE:UP – Get Free Report) insider Mark Briffa sold 3,804 shares of the company’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $4.99, for a total transaction of $18,981.96. Following the completion of the sale, the insider owned 82,003 shares of the company’s stock, valued at approximately $409,194.97. This trade represents a 4.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Wheels Up Experience Price Performance
UP stock opened at $5.03 on Friday. The company has a fifty day moving average price of $8.73 and a 200 day moving average price of $13.62. Wheels Up Experience Inc. has a 12 month low of $4.69 and a 12 month high of $70.00. The company has a market cap of $182.22 million, a price-to-earnings ratio of -0.64 and a beta of 1.86.
Wheels Up Experience (NYSE:UP – Get Free Report) last released its quarterly earnings results on Monday, May 11th. The company reported ($2.29) EPS for the quarter. The company had revenue of $168.92 million for the quarter.
Wall Street Analyst Weigh In
Check Out Our Latest Analysis on Wheels Up Experience
Hedge Funds Weigh In On Wheels Up Experience
A number of large investors have recently bought and sold shares of the company. Knighthead Capital Management LLC purchased a new position in Wheels Up Experience during the 1st quarter worth $133,344,000. Cetera Investment Advisers raised its position in Wheels Up Experience by 34.1% during the 1st quarter. Cetera Investment Advisers now owns 179,603 shares of the company’s stock worth $93,000 after buying an additional 45,661 shares during the last quarter. Kore Advisors LP raised its position in Wheels Up Experience by 0.6% during the 1st quarter. Kore Advisors LP now owns 15,194,884 shares of the company’s stock worth $7,848,000 after buying an additional 94,176 shares during the last quarter. Inspire Investing LLC raised its position in Wheels Up Experience by 35.9% during the 1st quarter. Inspire Investing LLC now owns 1,061,623 shares of the company’s stock worth $548,000 after buying an additional 280,705 shares during the last quarter. Finally, J. Derek Lewis & Associates Inc. purchased a new position in Wheels Up Experience during the 4th quarter worth $356,000. 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.
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