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Which institution holds the most shares in Flywire Corp (FLYW)

Flywire Corp (NASDAQ: FLYW) is 3.67% higher on its value in year-to-date trading and has touched a low of $18.65 and a high of $35.80 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The FLYW stock was last observed hovering at around $23.59 in the last trading session, with the day’s gains setting it 0.41%.

Currently trading at $24.00, the stock is -5.38% and 0.36% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.18 million and changing 1.74% at the moment leaves the stock -11.42% off its SMA200. FLYW registered -18.26% loss for a year compared to 6-month loss of -24.05%. The firm has a 50-day simple moving average (SMA 50) of $5.56 and a 200-day simple moving average (SMA200) of $190.36.

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The stock witnessed a -11.99% gain in the last 1 month and extending the period to 3 months gives it a 5.49%, and is -3.03% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.57% over the week and 3.45% over the month.

Flywire Corp (FLYW) has around 1200 employees, a market worth around $2.95B and $403.09M in sales. Fwd P/E is 93.29. Profit margin for the company is -2.13%. Distance from 52-week low is 28.69% and -32.96% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.09%).

Flywire Corp quarterly earnings per share for the current quarter are estimated at -$0.02 with sales reaching $110.92M over the same period.The EPS is expected to grow by 180.72% this year, but quarterly earnings will post 24.80% year-over-year. Quarterly sales are estimated to grow 17.60% in year-over-year returns.

326 institutions hold shares in Flywire Corp (FLYW), with institutional investors hold 100.49% of the company’s shares. The shares outstanding are 120.70M, and float is at 115.72M with Short Float at 5.61%. Institutions hold 97.07% of the Float.

The top institutional shareholder in the company is Temasek Holdings (Private) Limited with over 10.64 million shares valued at $330.13 million. The investor’s holdings represent 8.98% of the FLYW Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 9.24 million shares valued at $286.78 million to account for 7.80% of the shares outstanding. The other top investors are Blackrock Inc. which holds 6.06 million shares representing 5.11% and valued at over $187.96 million, while Alliancebernstein L.P. holds 4.57% of the shares totaling 5.41 million with a market value of $168.05 million.

Flywire Corp (FLYW) Insider Activity

The most recent transaction is an insider sale by Massaro Michael, the company’s Chief Executive Officer. SEC filings show that Massaro Michael sold 16,828 shares of the company’s common stock on Mar 20 ’24 at a price of $25.06 per share for a total of $0.42 million. Following the sale, the insider now owns 1.67 million shares.

Flywire Corp disclosed in a document filed with the SEC on Mar 20 ’24 that Massaro Michael (Chief Executive Officer) sold a total of 6,311 shares of the company’s common stock. The trade occurred on Mar 20 ’24 and was made at $25.06 per share for $0.16 million. Following the transaction, the insider now directly holds 0.31 million shares of the FLYW stock.

Still, SEC filings show that on Mar 19 ’24, Massaro Michael (Chief Executive Officer) disposed off 49,844 shares at an average price of $25.11 for $1.25 million. The insider now directly holds 1,685,544 shares of Flywire Corp (FLYW).

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