Insider Selling: Wheels Up Experience (NYSE:UP) Major Shareholder Sells $32,771.15 in Stock

Wheels Up Experience Inc. (NYSE:UP) major shareholder Ck Wheels Llc sold 4,021 shares of the business’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $8.15, for a total transaction of $32,771.15. Following the sale, the insider directly owned 12,903,187 shares in the company, valued at approximately $105,160,974.05. This represents a 0.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Ck Wheels Llc also recently made the following trade(s):

• On Wednesday, June 17th, Ck Wheels Llc sold 5,309 shares of Wheels Up Experience stock. The shares were sold at an average price of $8.07, for a total transaction of $42,843.63.
• On Monday, June 15th, Ck Wheels Llc sold 1,252 shares of Wheels Up Experience stock. The shares were sold at an average price of $8.52, for a total transaction of $10,667.04.

Wheels Up Experience Trading Up 1.1%

UP stock opened at $7.92 on Friday. The firm has a 50 day moving average of $7.55 and a 200-day moving average of $11.10. The company has a market cap of $287.12 million, a price-to-earnings ratio of -1.00 and a beta of 2.06. Wheels Up Experience Inc. has a 12-month low of $4.69 and a 12-month high of $70.00.

Wheels Up Experience (NYSE:UP) last released its quarterly earnings results on Tuesday, May 12th. The company reported ($2.29) earnings per share for the quarter. The company had revenue of $168.92 million during the quarter.

Analyst Upgrades and Downgrades

Several analysts have weighed in on UP shares. Wall Street Zen lowered Wheels Up Experience from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Wheels Up Experience in a research note on Monday, June 1st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

Institutional Trading of Wheels Up Experience

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

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.