Insider Selling: Wheels Up Experience Inc. (NYSE:UP) CEO Sells $30,440.02 in Stock

Wheels Up Experience Inc. (NYSE:UP) CEO Mark Briffa sold 28,717 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $1.06, for a total transaction of $30,440.02. Following the sale, the chief executive officer now owns 1,090,971 shares of the company’s stock, valued at $1,156,429.26. This trade represents a 2.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link.

Wheels Up Experience Price Performance

Shares of NYSE UP opened at $1.10 on Monday. Wheels Up Experience Inc. has a 1 year low of $0.95 and a 1 year high of $4.59. The stock has a market capitalization of $764.20 million, a P/E ratio of -2.19 and a beta of 2.42. The company has a 50-day moving average price of $1.44 and a 200-day moving average price of $1.86.

Wheels Up Experience (NYSE:UP) last issued its quarterly earnings data on Tuesday, March 11th. The company reported ($0.09) EPS for the quarter. The company had revenue of $204.82 million for the quarter. Wheels Up Experience had a negative return on equity of 796.67% and a negative net margin of 39.97%.

Institutional Trading of Wheels Up Experience

A number of hedge funds have recently bought and sold shares of the business. State Street Corp increased its position in shares of Wheels Up Experience by 41.9% during the 3rd quarter. State Street Corp now owns 1,322,891 shares of the company’s stock valued at $3,201,000 after purchasing an additional 390,414 shares during the last quarter. Geode Capital Management LLC raised its position in Wheels Up Experience by 57.6% in the third quarter. Geode Capital Management LLC now owns 1,965,280 shares of the company’s stock worth $4,757,000 after acquiring an additional 718,411 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Wheels Up Experience by 277.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 796,827 shares of the company’s stock valued at $1,928,000 after acquiring an additional 585,589 shares during the last quarter. Barclays PLC grew its position in shares of Wheels Up Experience by 320.8% during the 3rd quarter. Barclays PLC now owns 127,939 shares of the company’s stock valued at $309,000 after acquiring an additional 97,532 shares during the period. Finally, Stifel Financial Corp purchased a new stake in shares of Wheels Up Experience during the 3rd quarter worth approximately $41,000. 98.20% of the stock is currently owned by institutional investors.

Wheels Up Experience Company Profile

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.