Sudhin Shahani Buys 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 dated Monday, December 23rd. The stock was acquired at an average price of $3.43 per share, for a total transaction of $59,122.91. Following the completion of the acquisition, the director now owns 360,877 shares of the company’s stock, valued at approximately $1,237,808.11. This trade represents a 5.02 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Surf Air Mobility Price Performance

Shares of SRFM stock opened at $5.61 on Friday. The company has a market capitalization of $87.00 million, a P/E ratio of -0.35 and a beta of 3.30. The company’s 50-day simple moving average is $2.92 and its two-hundred day simple moving average is $2.27. Surf Air Mobility Inc. has a one year low of $0.90 and a one year high of $11.83.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Surf Air Mobility stock. Gordian Capital Singapore Pte Ltd bought a new position in Surf Air Mobility Inc. (NYSE:SRFM) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 23,059 shares of the company’s stock, valued at approximately $31,000. Gordian Capital Singapore Pte Ltd owned 0.18% of Surf Air Mobility at the end of the most recent quarter. Institutional investors own 17.68% of the company’s stock.

Analyst Ratings Changes

Separately, Canaccord Genuity Group increased their target price 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.