Key Points
- Insider sale: Meaghan Danielle Wells sold 4,358 Wheels Up Experience shares at an average price of $5.41, totaling $23,576.78. Her remaining stake fell 6.6% to 61,695 shares.
- Weak stock and earnings performance: UP opened at $5.26, well below its 50-day and 200-day moving averages, and reported a quarterly loss of $2.29 per share on revenue of $168.92 million.
- Investor and analyst sentiment: Institutional investors and hedge funds own 98.2% of the stock, while analyst coverage remains bearish, with the shares carrying an average “Sell” rating.
Wheels Up Experience Inc. (NYSE:UP - Get Free Report) insider Meaghan Danielle Wells sold 4,358 shares of the business's stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $5.41, for a total transaction of $23,576.78. Following the completion of the sale, the insider owned 61,695 shares of the company's stock, valued at approximately $333,769.95. The trade was a 6.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Wheels Up Experience Stock Performance
Shares of UP stock opened at $5.26 on Thursday. Wheels Up Experience Inc. has a one year low of $4.69 and a one year high of $70.00. The company has a 50 day moving average price of $7.01 and a 200 day moving average price of $8.96. The firm has a market capitalization of $190.57 million, a price-to-earnings ratio of -0.62 and a beta of 2.09.
Wheels Up Experience (NYSE:UP - Get Free Report) last announced its quarterly earnings results on Tuesday, May 12th. The company reported ($2.29) earnings per share for the quarter. The business had revenue of $168.92 million for the quarter.
Institutional Trading of Wheels Up Experience
Large investors have recently added to or reduced their stakes in the stock. Knighthead Capital Management LLC acquired a new stake in shares of Wheels Up Experience in the first quarter valued at about $133,344,000. Jane Street Group LLC acquired a new position in Wheels Up Experience during the 2nd quarter worth approximately $795,000. J. Derek Lewis & Associates Inc. acquired a new position in Wheels Up Experience during the 4th quarter worth approximately $356,000. Inspire Investing LLC boosted 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. Finally, OMERS ADMINISTRATION Corp purchased a new position in Wheels Up Experience in the 4th quarter worth approximately $263,000. 98.20% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
UP has been the topic of several research reports. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Wheels Up Experience in a research report on Monday, June 1st. Wall Street Zen upgraded Wheels Up Experience from a "sell" rating to a "hold" rating in a research note on Saturday, August 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of "Sell".
Read Our Latest Stock Report on Wheels Up Experience
About Wheels Up Experience
(
Get Free Report)
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.
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