Insider Buying: flyExclusive (NYSE:FLYX) Director Buys $127,000.00 in Stock

flyExclusive, Inc. (NYSE:FLYX) Director Peter Hopper bought 50,000 shares of flyExclusive stock in a transaction that occurred on Friday, March 6th. The stock was bought at an average cost of $2.54 per share, with a total value of $127,000.00. Following the completion of the purchase, the director owned 50,000 shares in the company, valued at approximately $127,000. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

flyExclusive Stock Performance

Shares of flyExclusive stock opened at $2.37 on Friday. The business’s 50 day simple moving average is $2.61 and its 200 day simple moving average is $3.49. flyExclusive, Inc. has a 52-week low of $1.90 and a 52-week high of $8.88. The firm has a market cap of $223.61 million, a PE ratio of -2.32 and a beta of 0.25.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FLYX. JPMorgan Chase & Co. raised its stake in shares of flyExclusive by 56,636.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,241 shares of the company’s stock worth $31,000 after purchasing an additional 6,230 shares in the last quarter. New York State Common Retirement Fund bought a new position in shares of flyExclusive in the third quarter valued at $32,000. Citadel Advisors LLC bought a new position in shares of flyExclusive in the third quarter valued at $68,000. MBL Wealth LLC increased its holdings in flyExclusive by 46.9% during the third quarter. MBL Wealth LLC now owns 28,200 shares of the company’s stock worth $139,000 after buying an additional 9,000 shares during the last quarter. Finally, Kera Capital Partners Inc. acquired a new position in flyExclusive during the third quarter worth $173,000. 12.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on FLYX shares. UBS Group set a $7.00 price objective on shares of flyExclusive in a research report on Monday, January 26th. Lucid Cap Mkts upgraded shares of flyExclusive to a “strong-buy” rating in a research note on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock currently has an average 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.