Peter Hopper Purchases 50,000 Shares of flyExclusive (NYSE:FLYX) Stock

flyExclusive, Inc. (NYSE:FLYX) Director Peter Hopper bought 50,000 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The stock was bought at an average price of $2.38 per share, with a total value of $119,000.00. Following the completion of the transaction, the director directly owned 100,000 shares of the company’s stock, valued at $238,000. This represents a 100.00% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

flyExclusive Price Performance

FLYX opened at $2.37 on Thursday. The business’s fifty day simple moving average is $2.64 and its 200 day simple moving average is $3.50. flyExclusive, Inc. has a 52 week low of $1.90 and a 52 week high of $8.88. The stock has a market cap of $223.61 million, a PE ratio of -2.32 and a beta of 0.25.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FLYX. Geode Capital Management LLC increased its stake in shares of flyExclusive by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 113,564 shares of the company’s stock worth $467,000 after buying an additional 3,373 shares during the period. JPMorgan Chase & Co. boosted its position in flyExclusive by 56,636.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,241 shares of the company’s stock valued at $31,000 after buying an additional 6,230 shares during the period. Citadel Advisors LLC bought a new stake in flyExclusive in the 3rd quarter worth $68,000. Axxcess Wealth Management LLC grew its holdings in flyExclusive by 11.0% in the 3rd quarter. Axxcess Wealth Management LLC now owns 37,750 shares of the company’s stock worth $186,000 after acquiring an additional 3,750 shares during the last quarter. Finally, New York State Common Retirement Fund purchased a new position in shares of flyExclusive in the third quarter valued at about $32,000. Institutional investors own 12.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on FLYX shares. UBS Group set a $7.00 price objective on flyExclusive in a research report on Monday, January 26th. Lucid Cap Mkts upgraded flyExclusive to a “strong-buy” rating in a research report on Monday, January 26th. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, flyExclusive presently has a consensus rating of “Strong Buy” and an average price target of $7.00.

About flyExclusive

flyExclusive (NYSE:FLYX) is a U.S.-based private aviation company that provides on-demand charter, jet card membership, and aircraft management services. The firm operates a proprietary fleet of large-cabin and super-midsize jets, complemented by third-party managed aircraft under its Part 135 operator certificate. flyExclusive offers customized flight solutions for individual, corporate and group travel, with a focus on safety, scheduling flexibility and personalized service.

The company was launched as a standalone brand in 2018 and completed its business combination to become a publicly traded company in November 2021.