Oliver Reeves Sells 76,569 Shares of Surf Air Mobility (NYSE:SRFM) Stock

Surf Air Mobility Inc. (NYSE:SRFM) CFO Oliver Reeves sold 76,569 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $1.31, for a total value of $100,305.39. Following the completion of the transaction, the chief financial officer directly owned 470,816 shares of the company’s stock, valued at approximately $616,768.96. This trade represents a 13.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Oliver Reeves also recently made the following trade(s):

• On Thursday, April 16th, Oliver Reeves sold 28,874 shares of Surf Air Mobility stock. The stock was sold at an average price of $1.31, for a total value of $37,824.94.

Surf Air Mobility Stock Performance

Shares of NYSE:SRFM opened at $1.35 on Friday. Surf Air Mobility Inc. has a fifty-two week low of $1.01 and a fifty-two week high of $9.91. The business has a 50-day simple moving average of $1.40 and a two-hundred day simple moving average of $2.15. The firm has a market cap of $133.83 million, a price-to-earnings ratio of -0.39 and a beta of 2.72.

Institutional Investors Weigh In On Surf Air Mobility

Hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its position in shares of Surf Air Mobility by 18,757.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,600 shares of the company’s stock valued at $28,000 after purchasing an additional 6,565 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Surf Air Mobility during the 1st quarter valued at about $26,000. Balefire LLC purchased a new stake in shares of Surf Air Mobility during the 1st quarter valued at about $376,000. J. Derek Lewis & Associates Inc. purchased a new stake in shares of Surf Air Mobility during the 4th quarter valued at about $308,000. Finally, Aristides Capital LLC purchased a new stake in shares of Surf Air Mobility during the 4th quarter valued at about $195,000. Hedge funds and other institutional investors own 17.68% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Weiss Ratings lowered Surf Air Mobility from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday. Northland Securities assumed coverage on Surf Air Mobility in a research report on Thursday. They issued an “outperform” rating and a $5.00 target price for the company. Alliance Global Partners assumed coverage on Surf Air Mobility in a research report on Friday, May 1st. They issued a “buy” rating and a $2.75 target price for the company. Finally, Canaccord Genuity Group decreased their target price on Surf Air Mobility from $3.50 to $2.25 and set a “hold” rating for the company in a research report on Monday, March 16th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Surf Air Mobility currently has an average rating of “Hold” and an average price target of $3.50.

More Surf Air Mobility News

Here are the key news stories impacting Surf Air Mobility this week:

• Positive Sentiment: Northland Securities initiated coverage on Surf Air Mobility with an Outperform rating and a $5.00 price target, signaling significant upside versus recent trading levels and potentially supporting the stock. Northland Capital Markets initiates coverage of Surf Air Mobility (SRFM) with outperform recommendation
• Neutral Sentiment: Investors are also watching ahead of Surf Air Mobility’s Q1 2026 earnings, with market commentary highlighting expectations and key items to watch rather than a specific new catalyst. Surf Air Mobility Inc (SRFM) Q1 2026: Everything You Need to Know Ahead of Earnings
• Negative Sentiment: CEO Deanna Leigh White sold 56,884 shares, and CFO Oliver Reeves sold 76,569 shares on May 8. Both sales were reportedly tied to tax withholding from equity vesting, but insider selling can still weigh on sentiment. CEO sale SEC filing CFO sale SEC filing

Surf Air Mobility Company Profile

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.