Starfighters Space (NYSEAMERICAN:FJET) Major Shareholder Sells $546,000.00 in Stock

Key Points

• Major shareholder Richard William Svetkoff sold 100,000 Starfighters Space shares at an average price of $5.46, generating $546,000. He retained 13.995 million shares valued at approximately $76.4 million, reducing his position by 0.71%.
• FJET shares fell 4.6% to $3.32, near the company’s one-year low of $3.28. Starfighters Space reported a quarterly loss of $0.24 per share.
• Several institutional investors recently established or expanded positions, including Goldman Sachs, which acquired a stake valued at about $1.32 million, and Cerity Partners, which bought approximately $718,000 in shares.

Starfighters Space, Inc. (NYSEAMERICAN:FJET - Get Free Report) major shareholder Richard William Svetkoff sold 100,000 shares of the company's stock in a transaction on Monday, May 11th. The shares were sold at an average price of $5.46, for a total value of $546,000.00. Following the completion of the transaction, the insider directly owned 13,995,000 shares in the company, valued at $76,412,700. This trade represents a 0.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 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 shares were sold at an average price of $10.24, for a total transaction of $971,857.92.

Starfighters Space Trading Down 4.6%

FJET traded down $0.16 on Monday, reaching $3.32. 739,418 shares of the company traded hands, compared to its average volume of 1,527,141. The company has a market cap of $182.60 million and a P/E ratio of -3.73. The company has a quick ratio of 11.95, a current ratio of 11.94 and a debt-to-equity ratio of 0.01. Starfighters Space, Inc. has a one year low of $3.28 and a one year high of $31.50. The firm has a fifty 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 issued its earnings results on Wednesday, August 19th. The company reported ($0.24) EPS for the quarter.

Institutional Investors Weigh In On Starfighters Space

Institutional investors and hedge funds have recently bought and sold shares of the company. Legacy Wealth Managment LLC ID purchased a new stake in shares of Starfighters Space in the 2nd quarter worth $53,000. Elevation Point Wealth Partners LLC increased its stake in shares of 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 position in shares of Starfighters Space during the fourth quarter valued at $151,000. Cerity Partners LLC bought a new stake in shares of Starfighters Space in the fourth quarter valued at about $718,000. Finally, Goldman Sachs Group Inc. bought a new stake in shares of Starfighters Space in the fourth quarter valued at about $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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source