Key Points
- Director Peter Hopper bought 25,000 shares of flyExclusive on March 13 at $2.35 per share (a $58,750 transaction), increasing his stake by 25% to 125,000 shares valued at about $293,750, as disclosed in an SEC filing.
- FLYX opened at $2.37 and was trading up 7.2%; the company has a market cap of $223.6M and a 1-year range of $1.90–$8.88, while analysts have an average "Strong Buy" rating with an average price target of $7.00.
flyExclusive, Inc. (NYSE:FLYX - Get Free Report) Director Peter Hopper purchased 25,000 shares of the company's stock in a transaction that occurred on Friday, March 13th. The stock was bought at an average cost of $2.35 per share, for a total transaction of $58,750.00. Following the purchase, the director directly owned 125,000 shares in the company, valued at $293,750. This represents a 25.00% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
flyExclusive Trading Up 7.2%
NYSE FLYX opened at $2.37 on Wednesday. flyExclusive, Inc. has a 1 year low of $1.90 and a 1 year high of $8.88. The company has a market cap of $223.61 million, a PE ratio of -2.32 and a beta of 0.25. The stock's 50-day moving average price is $2.66 and its two-hundred day moving average price is $3.51.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on FLYX. Lucid Cap Mkts upgraded shares of flyExclusive to a "strong-buy" rating in a report on Monday, January 26th. UBS Group set a $7.00 price objective on shares of flyExclusive in a research note on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Strong Buy" and an average price target of $7.00.
View Our Latest Stock Analysis on flyExclusive
Institutional Investors Weigh In On flyExclusive
Several hedge funds have recently bought and sold shares of FLYX. Geode Capital Management LLC boosted its position in flyExclusive by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 113,564 shares of the company's stock worth $467,000 after acquiring an additional 3,373 shares during the period. Axxcess Wealth Management LLC increased its holdings in shares of flyExclusive by 11.0% in the 3rd quarter. Axxcess Wealth Management LLC now owns 37,750 shares of the company's stock valued at $186,000 after purchasing an additional 3,750 shares during the period. JPMorgan Chase & Co. lifted its position in shares of flyExclusive by 56,636.4% in the third quarter. JPMorgan Chase & Co. now owns 6,241 shares of the company's stock worth $31,000 after purchasing an additional 6,230 shares in the last quarter. New York State Common Retirement Fund purchased a new stake in shares of flyExclusive in the third quarter worth approximately $32,000. Finally, MBL Wealth LLC boosted its holdings in shares of flyExclusive by 46.9% during the third quarter. MBL Wealth LLC now owns 28,200 shares of the company's stock worth $139,000 after purchasing an additional 9,000 shares during the period. 12.99% of the stock is owned by hedge funds and other institutional investors.
flyExclusive Company Profile
(
Get Free Report)
flyExclusive (NYSE:FLYX) is a U.S.-based private aviation company that provides on-demand charter, jet card membership, and aircraft management services. The firm operates a proprietary fleet of large-cabin and super-midsize jets, complemented by third-party managed aircraft under its Part 135 operator certificate. flyExclusive offers customized flight solutions for individual, corporate and group travel, with a focus on safety, scheduling flexibility and personalized service.
The company was launched as a standalone brand in 2018 and completed its business combination to become a publicly traded company in November 2021.
Further Reading
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