Wheels Up Experience Inc. (NYSE:UP) CEO Mark Briffa Sells 9,904 Shares of Stock

Wheels Up Experience Inc. (NYSE:UP) CEO Mark Briffa sold 9,904 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $2.47, for a total transaction of $24,462.88. Following the completion of the sale, the chief executive officer now directly owns 705,702 shares in the company, valued at approximately $1,743,083.94. The trade was a 1.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Wheels Up Experience Price Performance

NYSE:UP opened at $2.61 on Thursday. The company has a quick ratio of 0.22, a current ratio of 0.31 and a debt-to-equity ratio of 238.01. The firm has a market cap of $1.82 billion, a PE ratio of -5.22 and a beta of 2.24. Wheels Up Experience Inc. has a 12 month low of $1.40 and a 12 month high of $6.08. The company’s 50-day moving average price is $2.18 and its two-hundred day moving average price is $2.32.

Institutional Investors Weigh In On Wheels Up Experience

A number of large investors have recently bought and sold shares of UP. Instrumental Wealth LLC raised its position in Wheels Up Experience by 21.1% in the 1st quarter. Instrumental Wealth LLC now owns 189,268 shares of the company’s stock valued at $545,000 after purchasing an additional 32,963 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Wheels Up Experience by 1,399.2% in the second quarter. Bank of New York Mellon Corp now owns 264,377 shares of the company’s stock valued at $500,000 after buying an additional 246,742 shares in the last quarter. CIBC Asset Management Inc bought a new position in shares of Wheels Up Experience in the second quarter valued at about $37,000. Rhumbline Advisers raised its holdings in shares of Wheels Up Experience by 15,329.7% in the second quarter. Rhumbline Advisers now owns 87,332 shares of the company’s stock valued at $165,000 after buying an additional 86,766 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new stake in Wheels Up Experience during the 2nd quarter worth about $28,000. 98.20% of the stock is currently owned by institutional investors.

About Wheels Up Experience

Wheels Up Experience Inc provides private aviation services in the United States and internationally. The company offers membership programs consisting of Connect that offers members variable dynamic pricing on a per trip basis and flexibility on their schedule; Core for private flyers; and UP for Business for small and medium enterprise, and large corporate customers for whom it is primary provider of private flights, as well as supplementary solution to their own aircraft operations.