Insider Selling: Wheels Up Experience (NYSE:UP) Major Shareholder Sells 4,021 Shares of Stock

Wheels Up Experience Inc. (NYSE:UP) major shareholder Ck Wheels Llc sold 4,021 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $8.15, for a total transaction of $32,771.15. Following the completion of the sale, the insider owned 12,903,187 shares of the company’s stock, valued at $105,160,974.05. The trade was a 0.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Ck Wheels Llc also recently made the following trade(s):

• On Wednesday, June 17th, Ck Wheels Llc sold 5,309 shares of Wheels Up Experience stock. The shares were sold at an average price of $8.07, for a total transaction of $42,843.63.
• On Monday, June 15th, Ck Wheels Llc sold 1,252 shares of Wheels Up Experience stock. The shares were sold at an average price of $8.52, for a total transaction of $10,667.04.

Wheels Up Experience Stock Performance

UP traded up $0.24 during midday trading on Wednesday, hitting $7.77. The company had a trading volume of 73,288 shares, compared to its average volume of 201,968. The company has a market capitalization of $281.35 million, a PE ratio of -0.98 and a beta of 2.06. Wheels Up Experience Inc. has a twelve month low of $4.69 and a twelve month high of $70.00. The firm’s 50-day simple moving average is $7.68 and its 200-day simple moving average is $11.23.

Wheels Up Experience (NYSE:UP) last posted its quarterly earnings data 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.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on UP shares. Weiss Ratings restated a “sell (e+)” rating on shares of Wheels Up Experience in a research report on Monday, June 1st. Wall Street Zen cut shares of Wheels Up Experience from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of UP. Knighthead Capital Management LLC bought a new position in shares of Wheels Up Experience in the 1st quarter valued at about $133,344,000. Jane Street Group LLC bought a new position in shares of Wheels Up Experience in the 2nd quarter valued at about $795,000. J. Derek Lewis & Associates Inc. bought a new position in shares of Wheels Up Experience in the 4th quarter valued at about $356,000. Inspire Investing LLC boosted its stake in shares of Wheels Up Experience by 210.6% in the 4th quarter. Inspire Investing LLC now owns 780,918 shares of the company’s stock valued at $513,000 after purchasing an additional 529,534 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp bought a new position in shares of Wheels Up Experience in the 4th quarter valued at about $263,000. 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.