Flywire Co. (NASDAQ:FLYW) Director Jo Natauri Sells 129,393 Shares of Stock

Flywire Co. (NASDAQ:FLYWGet Rating) Director Jo Natauri sold 129,393 shares of the business’s stock in a transaction dated Friday, November 18th. The shares were sold at an average price of $20.94, for a total transaction of $2,709,489.42. Following the transaction, the director now owns 836,140 shares in the company, valued at approximately $17,508,771.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Monday, November 14th, Jo Natauri sold 186,114 shares of Flywire stock. The shares were sold at an average price of $22.20, for a total transaction of $4,131,730.80.
  • On Friday, November 11th, Jo Natauri sold 187,059 shares of Flywire stock. The shares were 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 shares were 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 stock was 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 stock was 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 stock was sold at an average price of $25.81, for a total transaction of $1,329,060.14.

Flywire Stock Down 2.3 %

Shares of Flywire stock opened at $20.50 on Tuesday. The company has a market cap of $2.22 billion, a price-to-earnings ratio of -43.62 and a beta of 1.28. The company’s 50 day moving average is $22.25 and its 200 day moving average is $21.80. Flywire Co. has a twelve month low of $14.56 and a twelve month high of $43.17. The company has a quick ratio of 3.44, a current ratio of 3.44 and a debt-to-equity ratio of 0.05.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FLYW. Alliancebernstein L.P. lifted its position in Flywire by 127.3% during the third quarter. Alliancebernstein L.P. now owns 5,221,323 shares of the company’s stock valued at $119,882,000 after purchasing an additional 2,924,057 shares during the period. Eventide Asset Management LLC lifted its position in Flywire by 1,254.5% during the third quarter. Eventide Asset Management LLC now owns 1,800,367 shares of the company’s stock valued at $41,336,000 after purchasing an additional 1,667,446 shares during the period. Vanguard Group Inc. lifted its position in Flywire by 29.0% during the third quarter. Vanguard Group Inc. now owns 7,281,361 shares of the company’s stock valued at $167,179,000 after purchasing an additional 1,635,222 shares during the period. Driehaus Capital Management LLC bought a new position in Flywire during the second quarter valued at approximately $24,759,000. Finally, Woodline Partners LP lifted its position in Flywire by 177.4% during the first quarter. Woodline Partners LP now owns 1,056,270 shares of the company’s stock valued at $32,301,000 after purchasing an additional 675,455 shares during the period. Institutional investors own 73.30% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. The Goldman Sachs Group dropped 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. Raymond James dropped their target price 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. Wells Fargo & Company dropped their target price on shares of Flywire from $30.00 to $27.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 9th. Stephens dropped their target price 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. 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 research note on Thursday, October 13th. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $31.25.

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.

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