Insider Sell: Mark Briffa Sells Shares of Wheels Up Experience Inc (UP)

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8 hours ago

On November 25, 2024, Mark Briffa, Executive Vice President, Charter & Chief Executive Officer of Air Partner, sold 9,904 shares of Wheels Up Experience Inc (UP, Financial). Following this transaction, the insider now owns 705,702 shares of the company. The details of this transaction can be found in the SEC Filing. Wheels Up Experience Inc is a leading provider of on-demand private aviation services. The company offers a comprehensive suite of services, including membership programs, aircraft management, and whole aircraft sales. It aims to make private flying more accessible through its innovative business model and technology-driven approach. 1861924485129728000.png The insider transaction history for Wheels Up Experience Inc indicates that there have been no insider buys over the past year. However, there have been four insider sells during the same period. Over the past year, Mark Briffa has sold a total of 15,493 shares and has not purchased any shares. On the day of the recent sale, shares of Wheels Up Experience Inc were trading at $2.47 each, giving the stock a market cap of $1.821 billion. The stock's GF Value is estimated at $0.34, resulting in a price-to-GF-Value ratio of 7.26. This suggests that the stock is significantly overvalued based on its GF Value. 1861924534240833536.png The GF Value is an intrinsic value estimate developed by GuruFocus, calculated based on three factors: - Historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow that the stock has traded at. - A GuruFocus adjustment factor based on the company’s past returns and growth. - Future estimates of business performance from Morningstar analysts.

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