Wheels Up Experience (NYSE:UP) Insider Sells $23,576.78 in Stock

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

Wheels Up Experience Price Performance

Shares of Wheels Up Experience stock opened at $5.01 on Friday. Wheels Up Experience Inc. has a 1 year low of $4.69 and a 1 year high of $70.00. The business has a 50 day moving average price of $6.91 and a 200 day moving average price of $8.86. The company has a market capitalization of $181.37 million, a P/E ratio of -0.59 and a beta of 2.09.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of UP. Kestra Private Wealth Services LLC purchased a new position in shares of Wheels Up Experience during the 3rd quarter worth $25,000. Millennium Management LLC grew its position in shares of Wheels Up Experience by 1.1% in the fourth quarter. Millennium Management LLC now owns 1,309,584 shares of the company’s stock valued at $859,000 after purchasing an additional 14,332 shares during the period. Rooted Wealth Advisors Inc. grew its position in shares of Wheels Up Experience by 80.2% in the fourth 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 period. Creative Planning acquired a new position in Wheels Up Experience in the second quarter valued at $25,000. Finally, Hudson Bay Capital Management LP purchased a new position in Wheels Up Experience during the second quarter worth about $25,000. 98.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on UP. Wall Street Zen upgraded Wheels Up Experience from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings restated a “sell (e+)” rating on shares of Wheels Up Experience in a report on Monday, June 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus 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.