Starfighters Space (NYSEAMERICAN:FJET) Major Shareholder Richard William Svetkoff Sells 30,092 Shares of Stock

Key Points

• Major shareholder Richard William Svetkoff sold 30,092 Starfighters Space shares at an average price of $3.95, totaling $118,863.40. He still directly owns 13.12 million shares, with the sale reducing his position by 0.23%.
• FJET shares recently traded at $3.32, near their 1-year low of $3.28, with a market capitalization of approximately $182.6 million. The stock’s 50-day and 200-day moving averages were $4.16 and $5.67, respectively.
• Starfighters Space reported a quarterly loss of $0.24 per share, while several institutional investors—including Goldman Sachs and Cerity Partners—recently acquired stakes in the company.

Starfighters Space, Inc. (NYSEAMERICAN:FJET - Get Free Report) major shareholder Richard William Svetkoff sold 30,092 shares of the firm's stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $3.95, for a total value of $118,863.40. Following the sale, the insider directly owned 13,119,179 shares of the company's stock, valued at $51,820,757.05. This represents a 0.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own at least 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 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 Stock Performance

Shares of NYSEAMERICAN:FJET traded down $0.16 on Monday, hitting $3.32. The company had a trading volume of 739,418 shares, compared to its average volume of 1,527,141. The stock has a market cap of $182.60 million and a price-to-earnings ratio of -3.73. The stock has a 50 day moving average price of $4.16 and a 200 day moving average price of $5.67. Starfighters Space, Inc. has a 1-year low of $3.28 and a 1-year high of $31.50. The company has a current ratio of 11.94, a quick ratio of 11.95 and a debt-to-equity ratio of 0.01.

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

Institutional Investors Weigh In On Starfighters Space

Several hedge funds have recently bought and sold shares of FJET. Jane Street Group LLC bought a new stake in shares of Starfighters Space during the fourth quarter worth approximately $151,000. Elevation Point Wealth Partners LLC bought a new position in shares of Starfighters Space during the fourth quarter worth approximately $116,000. Cerity Partners LLC bought a new position in shares of Starfighters Space during the fourth quarter worth approximately $718,000. Goldman Sachs Group Inc. acquired a new stake in Starfighters Space during the 4th quarter worth approximately $1,322,000. Finally, Legacy Wealth Managment LLC ID acquired a new stake in Starfighters Space during the 2nd quarter worth approximately $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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