SpaceX $SPCX Shares Bought by Crumly & Associates Inc.

Key Points

• Crumly & Associates increased its SpaceX stake by 653.1% in the third quarter, ending the period with 26,669 shares valued at approximately $4.02 million. Several other investment firms also initiated positions.
• COO Gwynne Shotwell sold 342,170 shares for roughly $52.5 million under a pre-arranged Rule 10b5-1 trading plan, reducing her ownership by 12.16%.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and $218.76 target price, although concerns include potential debt-funded chip purchases, share dilution and upcoming share releases.

Crumly & Associates Inc. raised its position in SpaceX (NASDAQ:SPCX - Free Report) by 653.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,669 shares of the company's stock after buying an additional 23,128 shares during the quarter. Crumly & Associates Inc.'s holdings in SpaceX were worth $4,023,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Syntax Research Inc. purchased a new stake in SpaceX in the 2nd quarter valued at about $26,000. Atwood & Palmer Inc. purchased a new position in SpaceX during the 2nd quarter valued at about $29,000. PayPay Securities Corp purchased a new stake in SpaceX in the second quarter worth $30,000. Marquette Asset Management LLC purchased a new stake in SpaceX during the 2nd quarter valued at about $32,000. Finally, Hickory Point Bank & Trust purchased a new stake in SpaceX during the 3rd quarter valued at $30,000.

Insider Transactions at SpaceX

In other news, COO Gwynne Shotwell sold 342,170 shares of the business's stock in a transaction that occurred on Tuesday, September 22nd. The shares were sold at an average price of $153.57, for a total transaction of $52,547,046.90. Following the sale, the chief operating officer owned 2,472,035 shares in the company, valued at $379,630,414.95. The trade was a 12.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

More SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Susquehanna raised its price target for SPCX to $173 from $144 while maintaining a neutral rating, citing growth across SpaceX’s launch, satellite and AI businesses. Susquehanna Raises SpaceX Price Target
• Positive Sentiment: Proposed FAA and Department of Transportation rule changes could streamline launch licensing and increase launch cadence, supporting SpaceX’s core launch business if implemented. FAA Moves to Fast-Track SpaceX Launches
• Positive Sentiment: Recent Starship and Crew Dragon milestones, along with continued Starlink growth, reinforce the company’s operational momentum and provide support for its long-term commercial outlook.
• Neutral Sentiment: SpaceX’s reported AI strategy is attracting bullish comparisons with Nvidia and other trillion-dollar technology companies, but much of the expected value depends on future execution and revenue generation rather than current earnings.
• Negative Sentiment: The proposed debt-funded chip purchase is the dominant near-term concern. Investors may worry about interest costs, capital concentration and potential dilution or refinancing risk if AI-compute demand does not meet expectations. SpaceX and Nvidia Strengthen Ties
• Negative Sentiment: Additional overhangs include rising Treasury yields, a coming release of up to 328.4 million shares on October 9, and ARK Invest’s reported $9.4 million reduction in its SpaceX position.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Piper Sandler reduced their price objective on shares of SpaceX from $156.00 to $140.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $235.00 price target on shares of SpaceX in a report on Monday, September 28th. New Street Research upgraded SpaceX to a "strong-buy" rating in a research report on Thursday, June 11th. CLSA began coverage on SpaceX in a report on Monday, September 28th. They issued an "outperform" rating and a $250.00 price objective on the stock. Finally, Citigroup downgraded SpaceX from a "buy" rating to a "sell" rating in a report on Friday, August 7th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eight have assigned a Hold rating and six have given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $218.76.

SpaceX Stock Performance

SpaceX stock traded down $4.47 during trading on Wednesday, hitting $167.45. The company's stock had a trading volume of 39,328,478 shares, compared to its average volume of 102,446,023. SpaceX has a 1-year low of $104.83 and a 1-year high of $225.64. The stock has a fifty day moving average price of $141.88. The company has a debt-to-equity ratio of 0.29, a current ratio of 5.12 and a quick ratio of 4.99. The stock has a market capitalization of $2.21 trillion and a PE ratio of -1,860.57.

SpaceX (NASDAQ:SPCX - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.17. The firm had revenue of $7.81 billion for the quarter. The company's quarterly revenue was up 91.9% on a year-over-year basis. On average, research analysts anticipate that SpaceX will post 0.09 EPS for the current fiscal year.

SpaceX Company Profile

Space Exploration Technologies Corp. (SpaceX) is a privately held aerospace company founded in 2002 by Elon Musk. The company develops and operates launch vehicles, spacecraft and satellite systems designed to reduce the cost of access to space and support commercial, government and scientific missions.

SpaceX's primary products and services include the Falcon 9 and Falcon Heavy launch vehicles, the Dragon spacecraft and the Starlink satellite internet network. The company also is developing Starship, a fully reusable launch and spacecraft system intended for missions to Earth orbit, the Moon and Mars.

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