Insider Selling: Wheels Up Experience (NYSE:UP) Major Shareholder Sells $221,568.20 in Stock

Wheels Up Experience Inc. (NYSE:UP) major shareholder Ck Wheels Llc sold 27,524 shares of the firm’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $8.05, for a total value of $221,568.20. Following the completion of the sale, the insider directly owned 12,870,354 shares of the company’s stock, valued at approximately $103,606,349.70. This trade represents a 0.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Tuesday, June 23rd, Ck Wheels Llc sold 100 shares of Wheels Up Experience stock. The stock was sold at an average price of $7.00, for a total value of $700.00.
• On Wednesday, June 17th, Ck Wheels Llc sold 5,309 shares of Wheels Up Experience stock. The stock was 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 stock was sold at an average price of $8.15, for a total value of $32,771.15.
• 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 value of $10,667.04.

Wheels Up Experience Price Performance

Shares of UP opened at $7.12 on Friday. The business’s 50-day moving average is $7.32 and its 200-day moving average is $10.93. The company has a market capitalization of $257.81 million, a price-to-earnings ratio of -0.90 and a beta of 2.06. Wheels Up Experience Inc. has a fifty-two week low of $4.69 and a fifty-two week high of $70.00.

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

Institutional Investors Weigh In On Wheels Up Experience

Several large investors have recently made changes to their positions in the company. Creative Planning acquired a new position in Wheels Up Experience in the second quarter worth approximately $25,000. Kestra Private Wealth Services LLC bought a new stake in Wheels Up Experience in the third quarter worth approximately $25,000. Hudson Bay Capital Management LP bought a new stake in Wheels Up Experience in the second quarter worth approximately $25,000. Beck Mack & Oliver LLC acquired a new position in shares of Wheels Up Experience during the 2nd quarter worth $27,000. Finally, Rooted Wealth Advisors Inc. raised its holdings in shares of Wheels Up Experience by 80.2% during 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 in the last quarter. Institutional investors own 98.20% of the company’s stock.

Wall Street Analysts Forecast Growth

UP has been the subject of a number of research reports. Wall Street Zen lowered shares of Wheels Up Experience from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Wheels Up Experience in a report on Monday, June 1st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

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.