Surf Air Mobility Inc. (NYSE:SRFM) Major Shareholder Sells $12,450.00 in Stock

Surf Air Mobility Inc. (NYSE:SRFM) major shareholder Palantir Technologies Inc. sold 8,300 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $1.50, for a total transaction of $12,450.00. Following the sale, the insider now owns 1,515,122 shares of the company’s stock, valued at $2,272,683. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Palantir Technologies Inc. also recently made the following trade(s):

• On Monday, September 16th, Palantir Technologies Inc. sold 6,673 shares of Surf Air Mobility stock. The shares were sold at an average price of $1.35, for a total transaction of $9,008.55.

Surf Air Mobility Trading Up 1.6 %

SRFM opened at $1.25 on Thursday. The company has a fifty day moving average price of $1.80 and a two-hundred day moving average price of $3.14. Surf Air Mobility Inc. has a 1-year low of $0.90 and a 1-year high of $17.50. The company has a market cap of $103.79 million, a P/E ratio of -0.20 and a beta of 1.50.

Surf Air Mobility (NYSE:SRFM) last issued its earnings results on Wednesday, August 14th. The company reported ($1.96) EPS for the quarter, missing the consensus estimate of ($1.40) by ($0.56). The firm had revenue of $32.37 million during the quarter, compared to the consensus estimate of $30.15 million. On average, research analysts forecast that Surf Air Mobility Inc. will post -7.07 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Canaccord Genuity Group boosted their price objective on Surf Air Mobility from $1.00 to $2.20 and gave the company a “hold” rating in a research note on Tuesday, August 27th. Sanford C. Bernstein reissued a “market perform” rating and issued a $2.80 price target (down from $25.34) on shares of Surf Air Mobility in a research note on Tuesday, May 28th.

Institutional Investors Weigh In On Surf Air Mobility

A hedge fund recently raised its stake in Surf Air Mobility stock. Ieq Capital LLC boosted its holdings in Surf Air Mobility Inc. (NYSE:SRFM) by 75.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 36,762 shares of the company’s stock after purchasing an additional 15,755 shares during the quarter. Ieq Capital LLC’s holdings in Surf Air Mobility were worth $57,000 at the end of the most recent quarter. Institutional investors and hedge funds own 17.68% of the company’s stock.

Surf Air Mobility Company Profile

Surf Air Mobility Inc operates as an electric aviation and air travel company in the United States. The company offers an air mobility platform with scheduled routes and on demand charter flights operated by third parties. Surf Air Mobility Inc is headquartered in Hawthorne, California.