Insider Selling: Wheels Up Experience (NYSE:UP) Major Shareholder Sells $10,667.04 in Stock

Wheels Up Experience Inc. (NYSE:UP) major shareholder Ck Wheels Llc sold 1,252 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $8.52, for a total value of $10,667.04. Following the transaction, the insider directly owned 12,907,208 shares in the company, valued at approximately $109,969,412.16. This represents a 0.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own at least 10% of a company’s stock 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 value of $42,843.63.
• On Tuesday, June 16th, Ck Wheels Llc sold 4,021 shares of Wheels Up Experience stock. The shares were sold at an average price of $8.15, for a total value of $32,771.15.

Wheels Up Experience Price Performance

Shares of UP opened at $7.92 on Friday. The business’s fifty day moving average price is $7.55 and its 200 day moving average price is $11.10. Wheels Up Experience Inc. has a 12-month low of $4.69 and a 12-month high of $70.00. The stock has a market capitalization of $287.12 million, a PE ratio of -1.00 and a beta of 2.06.

Wheels Up Experience (NYSE:UP) last released its 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 Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in UP. Creative Planning bought a new stake in Wheels Up Experience in the second quarter valued at $25,000. Kestra Private Wealth Services LLC acquired a new position in shares of Wheels Up Experience during the third quarter valued at $25,000. Hudson Bay Capital Management LP bought a new position in shares of Wheels Up Experience during the second quarter worth about $25,000. Beck Mack & Oliver LLC bought a new position in shares of Wheels Up Experience during the second quarter worth about $27,000. Finally, Rooted Wealth Advisors Inc. increased its holdings 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 worth $30,000 after acquiring an additional 20,041 shares during the period. 98.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on UP. Wall Street Zen downgraded shares of Wheels Up Experience from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Weiss Ratings reissued a “sell (e+)” rating on shares of Wheels Up Experience in a report on Monday, June 1st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Wheels Up Experience has an average rating of “Sell”.

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.