Insider Selling: Wheels Up Experience (NYSE:UP) Insider Sells 4,358 Shares

Wheels Up Experience Inc. (NYSE:UP) insider Meaghan Danielle Wells sold 4,358 shares of the business’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $5.41, for a total value of $23,576.78. Following the completion of the sale, the insider directly owned 61,695 shares in the company, valued at approximately $333,769.95. This represents a 6.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Wheels Up Experience Stock Performance

Shares of NYSE UP traded down $0.10 during midday trading on Wednesday, reaching $5.26. 97,694 shares of the company traded hands, compared to its average volume of 89,027. Wheels Up Experience Inc. has a 12 month low of $4.69 and a 12 month high of $70.00. The stock’s 50-day simple moving average is $7.01 and its 200-day simple moving average is $8.96. The firm has a market cap of $190.57 million, a PE ratio of -0.62 and a beta of 2.09.

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

Analyst Upgrades and Downgrades

Several research analysts have recently commented on UP shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Wheels Up Experience in a report on Monday, June 1st. Wall Street Zen upgraded Wheels Up Experience from a “sell” rating to a “hold” rating in a report on Saturday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Wheels Up Experience currently has a consensus rating of “Sell”.

Institutional Trading of Wheels Up Experience

Several hedge funds have recently modified their holdings of the stock. Knighthead Capital Management LLC bought a new stake in shares of Wheels Up Experience during the first quarter worth $133,344,000. Jane Street Group LLC bought a new position in Wheels Up Experience in the second quarter valued at about $795,000. J. Derek Lewis & Associates Inc. bought a new position in Wheels Up Experience in the fourth quarter valued at about $356,000. Inspire Investing LLC increased its position in Wheels Up Experience by 210.6% in the fourth quarter. Inspire Investing LLC now owns 780,918 shares of the company’s stock worth $513,000 after purchasing an additional 529,534 shares during the period. Finally, OMERS ADMINISTRATION Corp acquired a new stake in Wheels Up Experience in the fourth quarter worth about $263,000. 98.20% of the stock is owned by institutional investors.

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.