Flywire Co. (NASDAQ:FLYW – Get Rating) COO Rob Orgel sold 17,175 shares of Flywire stock in a transaction dated Wednesday, March 15th. The stock was sold at an average price of $26.24, for a total value of $450,672.00. Following the completion of the transaction, the chief operating officer now directly owns 275,751 shares in the company, valued at approximately $7,235,706.24. The sale was disclosed in a document filed with the SEC, which is available at this link.
Rob Orgel also recently made the following trade(s):
- On Monday, March 13th, Rob Orgel sold 15,000 shares of Flywire stock. The stock was sold at an average price of $24.01, for a total value of $360,150.00.
- On Tuesday, January 17th, Rob Orgel sold 40,000 shares of Flywire stock. The shares were sold at an average price of $25.78, for a total value of $1,031,200.00.
Flywire Stock Performance
Shares of FLYW opened at $28.02 on Friday. The company’s fifty day moving average is $26.11 and its 200-day moving average is $23.68. Flywire Co. has a 12 month low of $14.56 and a 12 month high of $32.88.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the business. Victory Capital Management Inc. grew its stake in Flywire by 35.1% in the 4th quarter. Victory Capital Management Inc. now owns 1,139,638 shares of the company’s stock valued at $27,887,000 after buying an additional 295,857 shares during the last quarter. Parallax Volatility Advisers L.P. acquired a new position in Flywire in the 4th quarter valued at $490,000. Truist Financial Corp acquired a new position in Flywire in the 4th quarter valued at $430,000. Alliancebernstein L.P. grew its stake in Flywire by 9.4% in the 4th quarter. Alliancebernstein L.P. now owns 5,709,945 shares of the company’s stock valued at $139,722,000 after buying an additional 488,622 shares during the last quarter. Finally, Utah Retirement Systems acquired a new position in Flywire in the 4th quarter valued at $537,000. Institutional investors and hedge funds own 79.06% of the company’s stock.
Analyst Ratings Changes
FLYW has been the topic of several research analyst reports. Raymond James lifted their target price on Flywire from $28.00 to $33.00 and gave the company a “strong-buy” rating in a research note on Wednesday, January 4th. Wells Fargo & Company lifted their target price on Flywire from $30.00 to $35.00 and gave the company an “overweight” rating in a research note on Wednesday, March 1st. Citigroup lifted their target price on Flywire from $31.00 to $33.00 and gave the company a “buy” rating in a research note on Thursday, March 2nd. Morgan Stanley initiated coverage on Flywire in a research note on Monday, January 23rd. They set an “equal weight” rating and a $26.00 target price on the stock. Finally, Wolfe Research lifted their target price on Flywire from $28.00 to $29.00 in a research note on Thursday, January 5th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $31.00.
Flywire Company Profile
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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