Flywire Co. (NASDAQ:FLYW – Free Report) General Counsel Peter Butterfield sold 1,329 shares of Flywire stock in a transaction on Monday, June 5th. The stock was sold at an average price of $31.30, for a total transaction of $41,597.70. Following the sale, the general counsel now directly owns 112,523 shares in the company, valued at approximately $3,521,969.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Peter Butterfield also recently made the following trade(s):
- On Thursday, May 18th, Peter Butterfield sold 11,232 shares of Flywire stock. The shares were sold at an average price of $30.61, for a total transaction of $343,811.52.
- On Tuesday, April 18th, Peter Butterfield sold 11,232 shares of Flywire stock. The shares were sold at an average price of $29.00, for a total transaction of $325,728.00.
Flywire Trading Up 1.1 %
Shares of NASDAQ:FLYW opened at $28.82 on Friday. The firm’s 50-day moving average is $30.41 and its two-hundred day moving average is $27.86. Flywire Co. has a 1 year low of $17.16 and a 1 year high of $32.60.
Institutional Trading of Flywire
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of Flywire by 29.0% during the third quarter. Vanguard Group Inc. now owns 7,281,361 shares of the company’s stock worth $167,179,000 after buying an additional 1,635,222 shares during the period. Alliancebernstein L.P. increased its stake in shares of Flywire by 9.4% during the fourth quarter. Alliancebernstein L.P. now owns 5,709,945 shares of the company’s stock worth $139,722,000 after buying an additional 488,622 shares during the period. BlackRock Inc. increased its stake in shares of Flywire by 20.4% during the third quarter. BlackRock Inc. now owns 3,680,820 shares of the company’s stock worth $84,512,000 after buying an additional 624,918 shares during the period. Millennium Management LLC increased its stake in shares of Flywire by 34.2% during the fourth quarter. Millennium Management LLC now owns 2,566,268 shares of the company’s stock worth $62,797,000 after buying an additional 653,610 shares during the period. Finally, Fred Alger Management LLC increased its stake in shares of Flywire by 438.7% during the first quarter. Fred Alger Management LLC now owns 2,456,799 shares of the company’s stock worth $72,132,000 after buying an additional 2,000,717 shares during the period. 86.21% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on FLYW. Stephens boosted their price target on shares of Flywire from $32.00 to $34.00 in a research report on Wednesday, May 10th. The Goldman Sachs Group boosted their price target on shares of Flywire from $30.00 to $34.00 and gave the company a “buy” rating in a research report on Thursday, April 13th. Bank of America boosted their price objective on shares of Flywire from $32.00 to $36.00 in a report on Wednesday, May 10th. Wells Fargo & Company boosted their price objective on shares of Flywire from $39.00 to $41.00 in a report on Friday, June 2nd. Finally, B. Riley started coverage on shares of Flywire in a report on Friday, June 23rd. They issued a “buy” rating and a $38.00 price objective on the stock. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $33.09.
About Flywire
Flywire Corporation, together with its subsidiaries, operates as a payments enablement and software company in the United States and internationally. Its payment platform and network, and vertical-specific software help clients to get paid and help their customers to pay. The company's platform facilitates payment flows across multiple currencies, payment types, and payment options; and provides direct connections to alternative payment methods, such as Alipay, Boleto, PayPal/Venmo, and Trustly.
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