Sudhin Shahani Purchases 17,237 Shares of Surf Air Mobility Inc. (NYSE:SRFM) Stock

Surf Air Mobility Inc. (NYSE:SRFM) Director Sudhin Shahani purchased 17,237 shares of Surf Air Mobility stock in a transaction that occurred on Monday, December 23rd. The stock was acquired at an average cost of $3.43 per share, with a total value of $59,122.91. Following the acquisition, the director now directly owns 360,877 shares of the company’s stock, valued at $1,237,808.11. The trade was a 5.02 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink.

Surf Air Mobility Price Performance

Shares of NYSE SRFM traded up $1.98 during midday trading on Thursday, hitting $5.49. 2,485,791 shares of the company’s stock were exchanged, compared to its average volume of 333,974. Surf Air Mobility Inc. has a twelve month low of $0.90 and a twelve month high of $11.83. The stock’s 50 day moving average price is $2.77 and its 200-day moving average price is $2.23. The firm has a market cap of $85.14 million, a P/E ratio of -0.35 and a beta of 3.24.

Institutional Trading of Surf Air Mobility

A hedge fund recently bought a new stake in Surf Air Mobility stock. Gordian Capital Singapore Pte Ltd bought a new stake in shares of Surf Air Mobility Inc. (NYSE:SRFM) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 23,059 shares of the company’s stock, valued at approximately $31,000. Gordian Capital Singapore Pte Ltd owned about 0.18% of Surf Air Mobility as of its most recent SEC filing. 17.68% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group raised their price objective on Surf Air Mobility from $2.20 to $4.00 and gave the stock a “hold” rating in a research note on Friday, December 13th.

About Surf Air Mobility

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.