Meaghan Danielle Wells Sells 4,358 Shares of Wheels Up Experience (NYSE:UP) Stock

Wheels Up Experience Inc. (NYSE:UP) insider Meaghan Danielle Wells sold 4,358 shares of the firm’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 transaction, the insider owned 61,695 shares in the company, valued at $333,769.95. This represents a 6.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Wheels Up Experience Price Performance

UP opened at $5.15 on Friday. The company has a market capitalization of $186.58 million, a price-to-earnings ratio of -0.61 and a beta of 2.09. Wheels Up Experience Inc. has a 1-year low of $4.69 and a 1-year high of $70.00. The business has a 50 day moving average price of $6.96 and a two-hundred day moving average price of $8.88.

Wheels Up Experience (NYSE:UP) last issued its quarterly earnings results on Tuesday, May 12th. The company reported ($2.29) earnings per share (EPS) for the quarter. The firm had revenue of $168.92 million during the quarter.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Wheels Up Experience in a research report on Monday, June 1st. Wall Street Zen upgraded shares of Wheels Up Experience from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Wheels Up Experience currently has an average rating of “Sell”.

Institutional Investors Weigh In On Wheels Up Experience

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Hudson Bay Capital Management LP acquired a new position in shares of Wheels Up Experience in the 2nd quarter worth $25,000. Creative Planning purchased a new stake in shares of Wheels Up Experience during the second quarter valued at $25,000. Kestra Private Wealth Services LLC purchased a new stake in shares of Wheels Up Experience during the third quarter valued at $25,000. Beck Mack & Oliver LLC acquired a new position in shares of Wheels Up Experience in the 2nd quarter valued at $27,000. Finally, Rooted Wealth Advisors Inc. boosted its position in shares of Wheels Up Experience by 80.2% in the 4th quarter. Rooted Wealth Advisors Inc. now owns 45,041 shares of the company’s stock valued at $30,000 after purchasing an additional 20,041 shares during the period. Institutional investors and hedge funds own 98.20% of the company’s stock.

About Wheels Up Experience

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.