Wheels Up Experience (NYSE:UP) Insider Meaghan Danielle Wells Sells 47,931 Shares

Wheels Up Experience Inc. (NYSE:UP) insider Meaghan Danielle Wells sold 47,931 shares of the business’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $1.22, for a total value of $58,475.82. Following the transaction, the insider directly owned 526,681 shares of the company’s stock, valued at $642,550.82. This represents a 8.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Wheels Up Experience Trading Up 11.5%

UP traded up $0.15 during midday trading on Friday, reaching $1.41. The company’s stock had a trading volume of 6,811,842 shares, compared to its average volume of 5,474,071. The company has a fifty day simple moving average of $1.87 and a 200 day simple moving average of $1.62. The stock has a market cap of $981.81 million, a P/E ratio of -2.75 and a beta of 2.30. Wheels Up Experience Inc. has a twelve month low of $0.74 and a twelve month high of $3.50.

Wheels Up Experience (NYSE:UP) last issued its quarterly earnings results on Wednesday, November 5th. The company reported ($0.12) EPS for the quarter. The firm had revenue of $185.49 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Wheels Up Experience in a report on Wednesday, October 8th. One investment 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 Investors Weigh In On Wheels Up Experience

A number of institutional investors have recently bought and sold shares of UP. Vanguard Group Inc. raised its stake in shares of Wheels Up Experience by 9.8% in the 3rd quarter. Vanguard Group Inc. now owns 3,614,924 shares of the company’s stock valued at $6,651,000 after buying an additional 323,945 shares in the last quarter. Unconventional Investor LLC acquired a new stake in shares of Wheels Up Experience during the 3rd quarter valued at about $31,000. Valeo Financial Advisors LLC acquired a new position in Wheels Up Experience in the third quarter worth about $55,000. WealthShield Partners LLC bought a new position in Wheels Up Experience during the third quarter worth about $33,000. Finally, Rooted Wealth Advisors Inc. bought a new position in Wheels Up Experience during the third quarter worth about $49,000. Institutional investors and hedge funds own 98.20% of the company’s stock.

Wheels Up Experience Company Profile

Wheels Up Experience Inc provides private aviation services in the United States and internationally. The company offers Wheels Up Membership program that consists of two primary membership categories, such as Individual membership for individual and business fliers; and UP for Business membership consists of small and medium enterprise, and custom enterprise solutions for business fliers that tend to spend at higher levels.