Starfighters Space (NYSEAMERICAN:FJET) Major Shareholder Sells 13,773 Shares

Key Points

• Major shareholder Richard William Svetkoff sold 13,773 Starfighters Space shares at an average price of $5.21, generating $71,757.33. He retained 13,906,227 shares, representing only a 0.10% reduction in ownership.
• Starfighters Space shares fell 4.6% to $3.32, near the company’s 52-week low of $3.28 and well below its 52-week high of $31.50. The company recently reported a quarterly loss of $0.24 per share.
• Institutional activity was mixed, with several firms—including Goldman Sachs and Cerity Partners—taking new positions, while Elevation Point Wealth Partners increased its stake by 36.6%.

Starfighters Space, Inc. (NYSEAMERICAN:FJET - Get Free Report) major shareholder Richard William Svetkoff sold 13,773 shares of the company's stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $5.21, for a total transaction of $71,757.33. Following the completion of the transaction, the insider directly owned 13,906,227 shares of the company's stock, valued at approximately $72,451,442.67. The trade was a 0.10% 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. Major shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases 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 Stock Down 4.6%

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

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

Institutional Trading of Starfighters Space

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