Richard William Svetkoff Sells 329,100 Shares of Starfighters Space (NYSEAMERICAN:FJET) Stock

Key Points

• Major shareholder Richard William Svetkoff sold 329,100 Starfighters Space shares at an average price of $6.39, generating approximately $2.1 million. He retained 13.5 million shares, and the sale reduced his ownership by 2.38%.
• FJET shares fell 4.6% to $3.32, near their 52-week low of $3.28, with the company valued at approximately $182.6 million. The stock has declined substantially from its 52-week high of $31.50.
• Starfighters Space reported a quarterly loss of $0.24 per share, while several institutional investors—including Goldman Sachs and Cerity Partners—established new positions in the company.

Starfighters Space, Inc. (NYSEAMERICAN:FJET - Get Free Report) major shareholder Richard William Svetkoff sold 329,100 shares of the stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $6.39, for a total value of $2,102,949.00. Following the completion of the sale, the insider owned 13,517,135 shares of the company's stock, valued at $86,374,492.65. The trade was a 2.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Major 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 stock was sold at an average price of $3.95, for a total value of $118,863.40.
• On Thursday, June 4th, Richard William Svetkoff sold 94,908 shares of Starfighters Space stock. The stock was sold at an average price of $10.24, for a total transaction of $971,857.92.

Starfighters Space Trading Down 4.6%

Shares of FJET stock traded down $0.16 during trading hours on Monday, hitting $3.32. 739,418 shares of the company were exchanged, compared to its average volume of 1,527,141. Starfighters Space, Inc. has a fifty-two week low of $3.28 and a fifty-two week high of $31.50. The company has a debt-to-equity ratio of 0.01, a quick ratio of 11.95 and a current ratio of 11.94. The firm has a market cap of $182.60 million and a P/E ratio of -3.73. The company has a 50 day simple moving average of $4.16 and a two-hundred day simple moving average of $5.67.

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. bought a new stake in Starfighters Space during the fourth quarter worth $1,322,000. Cerity Partners LLC purchased a new stake in shares of Starfighters Space during the fourth quarter worth $718,000. Elevation Point Wealth Partners LLC purchased a new position in Starfighters Space during the 4th quarter valued at about $116,000. Jane Street Group LLC bought a new position in Starfighters Space in the 4th quarter valued at $151,000. Finally, Legacy Wealth Managment LLC ID purchased a new position in Starfighters Space during the second quarter worth about $53,000.

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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