Insider Selling: Starfighters Space (NYSEAMERICAN:FJET) Major Shareholder Sells $1,906,273.80 in Stock

Key Points

• Major shareholder Richard William Svetkoff sold 222,956 Starfighters Space shares at an average price of $8.55, generating $1.91 million. His remaining direct stake totaled 13.24 million shares, valued at approximately $113.2 million, a 1.66% reduction.
• FJET shares fell to $3.32 during Monday trading, near the company’s one-year low of $3.28 and well below its one-year high of $31.50. The company reported a quarterly loss of $0.24 per share.
• Several institutional investors recently established or increased positions, including Goldman Sachs, which acquired a stake valued at approximately $1.32 million, and Elevation Point Wealth Partners, which raised its holding by 36.6%.

Starfighters Space, Inc. (NYSEAMERICAN:FJET - Get Free Report) major shareholder Richard William Svetkoff sold 222,956 shares of Starfighters Space stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $8.55, for a total transaction of $1,906,273.80. Following the completion of the transaction, the insider directly owned 13,244,179 shares in the company, valued at approximately $113,237,730.45. This represents a 1.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.

Richard William Svetkoff also recently made the following trade(s):

• On Tuesday, August 4th, Richard William Svetkoff sold 30,092 shares of Starfighters Space stock. The shares were sold at an average price of $3.95, for a total transaction of $118,863.40.
• On Thursday, June 4th, Richard William Svetkoff sold 94,908 shares of Starfighters Space stock. The shares were sold at an average price of $10.24, for a total value of $971,857.92.

Starfighters Space Stock Performance

Shares of FJET traded down $0.16 during mid-day trading on Monday, hitting $3.32. The company's stock had a trading volume of 739,418 shares, compared to its average volume of 1,527,141. The company has a debt-to-equity ratio of 0.01, a quick ratio of 11.95 and a current ratio of 11.94. Starfighters Space, Inc. has a one year low of $3.28 and a one year high of $31.50. The stock's 50-day moving average is $4.16 and its two-hundred day moving average is $5.67. The firm has a market capitalization of $182.60 million and a PE ratio of -3.73.

Starfighters Space (NYSEAMERICAN:FJET - Get Free Report) last posted its quarterly earnings results on Wednesday, August 19th. The company reported ($0.24) earnings per share (EPS) for the quarter.

Hedge Funds Weigh In On Starfighters Space

Institutional investors have recently added to or reduced their stakes in the company. Legacy Wealth Managment LLC ID acquired a new position in Starfighters Space during the 2nd quarter worth about $53,000. Elevation Point Wealth Partners LLC lifted its stake in Starfighters Space by 36.6% in the first quarter. Elevation Point Wealth Partners LLC now owns 13,660 shares of the company's stock valued at $81,000 after buying an additional 3,660 shares during the period. Jane Street Group LLC bought a new position in Starfighters Space during the 4th quarter worth approximately $151,000. Cerity Partners LLC acquired a new position in shares of Starfighters Space in the 4th quarter valued at $718,000. Finally, Goldman Sachs Group Inc. acquired a new position in Starfighters Space in the fourth quarter valued at about $1,322,000.

Starfighters Space Company Profile

The Company's mission statement is to make space accessible to entrepreneurs, researchers, industry, and government at a high cadence and the right cost. Currently, Starfighters operates the world's only commercial fleet of flight-ready F-104 supersonic aircraft ("Lockheed F-104"). The Lockheed F-104 was developed as a supersonic aircraft for the United States Armed Forces. The single engine interceptor was favoured for its maximum altitude and climb performance. It was the first production aircraft to reach over MACH 2 in sustained, level flight, which was one of the key criteria as to why the NASA used the Lockheed F-104 for high-speed flight research at the Dryden Flight Research Center.

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