Richard William Svetkoff Sells 75,000 Shares of Starfighters Space (NYSEAMERICAN:FJET) Stock

Key Points

• Major shareholder Richard William Svetkoff sold 75,000 Starfighters Space shares at an average price of $5.72, generating $429,000. After the sale, he retained 14.095 million shares valued at approximately $80.6 million.
• Starfighters Space shares fell $0.16 to $3.32, near the company’s one-year low of $3.28. The stock has a market capitalization of about $182.6 million and a negative P/E ratio of -3.73.
• The company reported a quarterly loss of $0.24 per share, while several institutional investors—including Goldman Sachs and Cerity Partners—recently established positions in the stock.

Starfighters Space, Inc. (NYSEAMERICAN:FJET - Get Free Report) major shareholder Richard William Svetkoff sold 75,000 shares of the company's stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $5.72, for a total value of $429,000.00. Following the completion of the transaction, the insider owned 14,095,000 shares of the company's stock, valued at $80,623,400. The trade was a 0.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Large shareholders that own 10% or more of a company's shares 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 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 value of $971,857.92.

Starfighters Space Price Performance

NYSEAMERICAN:FJET traded down $0.16 during mid-day trading on Monday, reaching $3.32. The stock had a trading volume of 739,418 shares, compared to its average volume of 1,527,141. The stock has a market capitalization of $182.60 million and a P/E ratio of -3.73. The firm has a 50 day moving average price of $4.16 and a two-hundred day moving average price of $5.67. 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.

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

Hedge Funds Weigh In On Starfighters Space

Several institutional investors and hedge funds have recently made changes to their positions in the business. Legacy Wealth Managment LLC ID purchased a new position in Starfighters Space in the 2nd quarter worth $53,000. Elevation Point Wealth Partners LLC boosted its position in Starfighters Space by 36.6% during 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 purchased a new stake in Starfighters Space during the fourth quarter valued at about $151,000. Cerity Partners LLC bought a new position in shares of Starfighters Space during the fourth quarter valued at about $718,000. Finally, Goldman Sachs Group Inc. bought a new position in shares of Starfighters Space during the fourth quarter valued at about $1,322,000.

About Starfighters Space

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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