Starfighters Space (NYSEAMERICAN:FJET) Major Shareholder Sells 50,000 Shares

Key Points

• Major shareholder Richard William Svetkoff sold 50,000 Starfighters Space shares at an average price of $7.50, generating $375,000. He retained 13.47 million shares, representing a 0.37% reduction in his position.
• Starfighters Space shares fell 4.6% to $3.32, near their 52-week low of $3.28, while the stock’s 50-day and 200-day moving averages stood at $4.16 and $5.67, respectively.
• The company reported a quarterly loss of $0.24 per share. Several institutions recently initiated or increased positions, including Goldman Sachs, which acquired approximately $1.32 million in shares.

Starfighters Space, Inc. (NYSEAMERICAN:FJET - Get Free Report) major shareholder Richard William Svetkoff sold 50,000 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $7.50, for a total transaction of $375,000.00. Following the transaction, the insider owned 13,467,135 shares of the company's stock, valued at $101,003,512.50. The trade was a 0.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 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 Down 4.6%

Shares of NYSEAMERICAN:FJET traded down $0.16 during midday trading on Monday, reaching $3.32. The company had a trading volume of 739,418 shares, compared to its average volume of 1,527,141. The business's 50 day moving average price is $4.16 and its 200 day moving average price is $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 quick ratio of 11.95, a current ratio of 11.94 and a debt-to-equity ratio of 0.01. The stock has a market cap of $182.60 million and a PE ratio of -3.73.

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

Institutional Investors Weigh In On Starfighters Space

A number of institutional investors and hedge funds have recently modified their holdings of FJET. Legacy Wealth Managment LLC ID bought a new position in Starfighters Space during the second quarter worth about $53,000. Elevation Point Wealth Partners LLC raised 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 acquired a new stake in shares of Starfighters Space in the fourth quarter valued at approximately $151,000. Cerity Partners LLC acquired a new stake in shares of Starfighters Space in the fourth quarter valued at approximately $718,000. Finally, Goldman Sachs Group Inc. bought a new position in shares of Starfighters Space during the 4th quarter worth approximately $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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