Wheels Up Experience (NYSE:UP) CEO Buys $79,409.90 in Stock

Wheels Up Experience Inc. (NYSE:UP) CEO George Mattson purchased 14,983 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were acquired at an average price of $5.30 per share, for a total transaction of $79,409.90. Following the acquisition, the chief executive officer directly owned 14,983 shares in the company, valued at $79,409.90. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Wheels Up Experience Stock Performance

Shares of Wheels Up Experience stock traded down $0.55 during midday trading on Friday, reaching $5.03. 158,107 shares of the company’s stock traded hands, compared to its average volume of 209,137. The company has a market cap of $182.24 million, a price-to-earnings ratio of -0.64 and a beta of 1.86. The company’s 50 day simple moving average is $8.87 and its 200 day simple moving average is $13.68. Wheels Up Experience Inc. has a 52 week low of $4.69 and a 52 week high of $70.00.

Wheels Up Experience (NYSE:UP) last released its quarterly earnings results on Monday, May 11th. 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

A number of research firms have recently weighed in on UP. Weiss Ratings restated a “sell (d-)” rating on shares of Wheels Up Experience in a report on Wednesday, January 21st. Wall Street Zen upgraded shares of Wheels Up Experience from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Wheels Up Experience has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of UP. Jane Street Group LLC bought a new position in Wheels Up Experience in the 2nd quarter worth $795,000. J. Derek Lewis & Associates Inc. bought a new position in Wheels Up Experience in the 4th quarter worth $356,000. Inspire Investing LLC raised its holdings in Wheels Up Experience by 210.6% in the 4th quarter. Inspire Investing LLC now owns 780,918 shares of the company’s stock worth $513,000 after acquiring an additional 529,534 shares during the period. OMERS ADMINISTRATION Corp bought a new position in Wheels Up Experience in the 4th quarter worth $263,000. Finally, Militia Capital Partners LP bought a new position in Wheels Up Experience in the 3rd quarter worth $644,000. 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.