Flywire Co. (NASDAQ:FLYW) Director Sells $4,131,730.80 in Stock

Flywire Co. (NASDAQ:FLYWGet Rating) Director Jo Natauri sold 186,114 shares of the stock in a transaction on Monday, November 14th. The stock was sold at an average price of $22.20, for a total transaction of $4,131,730.80. Following the completion of the sale, the director now directly owns 118,516 shares of the company’s stock, valued at approximately $2,631,055.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Jo Natauri also recently made the following trade(s):

  • On Friday, November 11th, Jo Natauri sold 187,059 shares of Flywire stock. The stock was sold at an average price of $22.40, for a total transaction of $4,190,121.60.
  • On Wednesday, September 14th, Jo Natauri sold 110,584 shares of Flywire stock. The stock was sold at an average price of $27.03, for a total transaction of $2,989,085.52.
  • On Monday, September 12th, Jo Natauri sold 90,313 shares of Flywire stock. The shares were sold at an average price of $27.39, for a total transaction of $2,473,673.07.
  • On Friday, September 9th, Jo Natauri sold 83,312 shares of Flywire stock. The shares were sold at an average price of $26.45, for a total transaction of $2,203,602.40.
  • On Wednesday, September 7th, Jo Natauri sold 87,974 shares of Flywire stock. The shares were sold at an average price of $24.81, for a total transaction of $2,182,634.94.
  • On Monday, August 29th, Jo Natauri sold 31,735 shares of Flywire stock. The shares were sold at an average price of $25.09, for a total transaction of $796,231.15.
  • On Friday, August 26th, Jo Natauri sold 40,243 shares of Flywire stock. The shares were sold at an average price of $25.48, for a total transaction of $1,025,391.64.
  • On Wednesday, August 24th, Jo Natauri sold 51,494 shares of Flywire stock. The shares were sold at an average price of $25.81, for a total transaction of $1,329,060.14.
  • On Monday, August 22nd, Jo Natauri sold 65,696 shares of Flywire stock. The shares were sold at an average price of $25.10, for a total transaction of $1,648,969.60.
  • On Friday, August 19th, Jo Natauri sold 56,248 shares of Flywire stock. The shares were sold at an average price of $26.01, for a total transaction of $1,463,010.48.

Flywire Stock Down 5.4 %

FLYW stock opened at $22.62 on Thursday. The company has a quick ratio of 3.92, a current ratio of 3.92 and a debt-to-equity ratio of 0.06. Flywire Co. has a fifty-two week low of $14.56 and a fifty-two week high of $45.36. The firm’s 50-day simple moving average is $22.50 and its 200 day simple moving average is $21.99. The stock has a market cap of $2.45 billion, a PE ratio of -48.13 and a beta of 1.28.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Raymond James reduced their price objective on shares of Flywire from $33.00 to $28.00 and set a “strong-buy” rating on the stock in a research note on Thursday, November 10th. Stephens reduced their price objective on shares of Flywire from $30.00 to $26.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 9th. The Goldman Sachs Group reduced their price objective on shares of Flywire from $32.00 to $28.00 and set a “buy” rating on the stock in a research note on Wednesday, November 9th. Loop Capital began coverage on shares of Flywire in a report on Monday, October 24th. They set a “buy” rating and a $25.00 target price on the stock. Finally, Truist Financial dropped their target price on shares of Flywire from $36.00 to $32.00 and set a “buy” rating on the stock in a report on Thursday, October 13th. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $31.25.

Institutional Trading of Flywire

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Flywire by 29.0% in the 3rd quarter. Vanguard Group Inc. now owns 7,281,361 shares of the company’s stock worth $167,179,000 after acquiring an additional 1,635,222 shares during the period. Alliancebernstein L.P. increased its holdings in shares of Flywire by 127.3% in the 3rd quarter. Alliancebernstein L.P. now owns 5,221,323 shares of the company’s stock worth $119,882,000 after acquiring an additional 2,924,057 shares during the period. BlackRock Inc. increased its holdings in shares of Flywire by 20.4% in the 3rd quarter. BlackRock Inc. now owns 3,680,820 shares of the company’s stock worth $84,512,000 after acquiring an additional 624,918 shares during the period. Millennium Management LLC increased its stake in Flywire by 33.3% during the 2nd quarter. Millennium Management LLC now owns 2,308,228 shares of the company’s stock valued at $40,694,000 after buying an additional 576,636 shares during the period. Finally, Eventide Asset Management LLC increased its stake in Flywire by 1,254.5% during the 3rd quarter. Eventide Asset Management LLC now owns 1,800,367 shares of the company’s stock valued at $41,336,000 after buying an additional 1,667,446 shares during the period. Institutional investors and hedge funds own 73.30% of the company’s stock.

About Flywire

(Get Rating)

Flywire Corporation, together with its subsidiaries, operates as a payment enablement and software company in the United States, Canada, and the United Kingdom, and internationally. Its payment platform and network, and vertical-specific software help clients to get paid and help their customers to pay.

See Also

Insider Buying and Selling by Quarter for Flywire (NASDAQ:FLYW)

Receive News & Ratings for Flywire Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flywire and related companies with MarketBeat.com's FREE daily email newsletter.