Key Points
- Deanna Leigh White, CEO, sold 27,720 SRFM shares on April 16 at an average $1.31 for ~$36,313 to cover tax withholding on vested awards, trimming her position by 3.94% to 675,530 shares (≈$884,944).
- SRFM shares opened at $1.37 (up 9.2%), trade in a 12‑month range of $1.04–$9.91, have a market cap of ~$105.1M, a negative PE (-0.39) and a beta of 3.34, with 50-/200‑day moving averages of $1.60 and $2.50.
- Institutional investors (notably Vanguard, Raymond James, Millennium) have markedly increased stakes but institutional ownership is only ~17.7%, and analysts show a consensus Hold rating with an average price target of $3.13.
Surf Air Mobility Inc. (NYSE:SRFM - Get Free Report) CEO Deanna Leigh White sold 27,720 shares of the business's stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $1.31, for a total value of $36,313.20. Following the sale, the chief executive officer owned 675,530 shares of the company's stock, valued at approximately $884,944.30. This represents a 3.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Surf Air Mobility Stock Up 9.2%
Shares of NYSE:SRFM opened at $1.37 on Friday. Surf Air Mobility Inc. has a 12-month low of $1.04 and a 12-month high of $9.91. The stock has a market cap of $105.09 million, a PE ratio of -0.39 and a beta of 3.34. The business has a 50 day moving average of $1.60 and a 200-day moving average of $2.50.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in SRFM. Vanguard Group Inc. increased its position in Surf Air Mobility by 233.2% in the 3rd quarter. Vanguard Group Inc. now owns 1,886,429 shares of the company's stock worth $8,093,000 after buying an additional 1,320,353 shares during the period. Raymond James Financial Inc. raised its position in shares of Surf Air Mobility by 81,240.1% during the third quarter. Raymond James Financial Inc. now owns 952,492 shares of the company's stock worth $4,086,000 after acquiring an additional 951,321 shares during the last quarter. HRT Financial LP bought a new stake in shares of Surf Air Mobility in the second quarter worth about $2,212,000. Millennium Management LLC boosted its position in shares of Surf Air Mobility by 3,450.8% during the third quarter. Millennium Management LLC now owns 488,272 shares of the company's stock worth $2,095,000 after buying an additional 474,521 shares during the period. Finally, UBS Group AG boosted its position in Surf Air Mobility by 246.3% during the third quarter. UBS Group AG now owns 447,260 shares of the company's stock valued at $1,919,000 after purchasing an additional 318,108 shares during the last quarter. 17.68% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several equities research analysts recently issued reports on SRFM shares. Weiss Ratings reiterated a "sell (d-)" rating on shares of Surf Air Mobility in a research note on Wednesday, January 21st. Canaccord Genuity Group cut their target price on Surf Air Mobility from $3.50 to $2.25 and set a "hold" rating for the company in a research note on Monday, March 16th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Surf Air Mobility currently has a consensus rating of "Hold" and an average price target of $3.13.
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About Surf Air Mobility
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Surf Air Mobility Inc operates as an electric aviation and air travel company in the United States. The company offers an air mobility platform with scheduled routes and on demand charter flights operated by third parties. Surf Air Mobility Inc is headquartered in Hawthorne, California.
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