Surf Air Mobility (NYSE:SRFM) CFO Oliver Reeves Sells 76,569 Shares of Stock

Surf Air Mobility Inc. (NYSE:SRFM) CFO Oliver Reeves sold 76,569 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $1.31, for a total transaction of $100,305.39. Following the completion of the sale, the chief financial officer directly owned 470,816 shares in the company, valued at approximately $616,768.96. This trade represents a 13.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Oliver Reeves also recently made the following trade(s):

• On Thursday, April 16th, Oliver Reeves sold 28,874 shares of Surf Air Mobility stock. The stock was sold at an average price of $1.31, for a total transaction of $37,824.94.

Surf Air Mobility Stock Down 5.3%

NYSE SRFM opened at $1.35 on Friday. Surf Air Mobility Inc. has a 52 week low of $1.01 and a 52 week high of $9.91. The firm has a 50 day moving average of $1.40 and a two-hundred day moving average of $2.15. The stock has a market capitalization of $133.83 million, a PE ratio of -0.39 and a beta of 2.72.

Surf Air Mobility News Summary

Here are the key news stories impacting Surf Air Mobility this week:

• Positive Sentiment: Northland Securities initiated coverage on Surf Air Mobility with an Outperform rating and a $5.00 price target, signaling significant upside versus recent trading levels and potentially supporting the stock. Northland Capital Markets initiates coverage of Surf Air Mobility (SRFM) with outperform recommendation
• Neutral Sentiment: Investors are also watching ahead of Surf Air Mobility’s Q1 2026 earnings, with market commentary highlighting expectations and key items to watch rather than a specific new catalyst. Surf Air Mobility Inc (SRFM) Q1 2026: Everything You Need to Know Ahead of Earnings
• Negative Sentiment: CEO Deanna Leigh White sold 56,884 shares, and CFO Oliver Reeves sold 76,569 shares on May 8. Both sales were reportedly tied to tax withholding from equity vesting, but insider selling can still weigh on sentiment. CEO sale SEC filing CFO sale SEC filing

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of SRFM. Balefire LLC purchased a new position in shares of Surf Air Mobility in the 1st quarter valued at $376,000. Bank of New York Mellon Corp acquired a new position in Surf Air Mobility in the first quarter valued at $26,000. J. Derek Lewis & Associates Inc. purchased a new position in shares of Surf Air Mobility during the fourth quarter worth about $308,000. Aristides Capital LLC purchased a new position in shares of Surf Air Mobility during the fourth quarter worth about $195,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of Surf Air Mobility during the fourth quarter worth about $127,000. Institutional investors and hedge funds own 17.68% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on SRFM shares. Alliance Global Partners started coverage on Surf Air Mobility in a report on Friday, May 1st. They issued a “buy” rating and a $2.75 target price on the stock. Weiss Ratings cut Surf Air Mobility from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday. Northland Securities assumed coverage on Surf Air Mobility in a report on Thursday. They issued an “outperform” rating and a $5.00 price objective on the stock. Finally, Canaccord Genuity Group cut their target price on Surf Air Mobility from $3.50 to $2.25 and set a “hold” rating on the stock in a research report on Monday, March 16th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $3.50.

About Surf Air Mobility

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.