Starfighters Space (NYSEAMERICAN:FJET) Major Shareholder Sells 59,992 Shares of Stock

Key Points

• Major shareholder Richard William Svetkoff sold 59,992 Starfighters Space shares at an average price of $5.15, generating $308,958.80. He retained 13.85 million shares worth approximately $71.3 million, reducing his ownership by 0.43%.
• Starfighters Space shares fell $0.16 to $3.32, near the company’s 52-week low of $3.28 and well below its 52-week high of $31.50. The stock has a market capitalization of about $182.6 million.
• The company reported a quarterly loss of $0.24 per share, while several institutional investors—including Goldman Sachs and Jane Street—recently initiated or increased positions.

Starfighters Space, Inc. (NYSEAMERICAN:FJET - Get Free Report) major shareholder Richard William Svetkoff sold 59,992 shares of the company's stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $5.15, for a total value of $308,958.80. Following the completion of the transaction, the insider directly owned 13,846,235 shares in the company, valued at $71,308,110.25. This trade represents a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Major shareholders that own more than 10% 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 Performance

Shares of NYSEAMERICAN FJET traded down $0.16 during trading on Monday, reaching $3.32. 739,418 shares of the company traded hands, compared to its average volume of 1,527,141. The firm has a 50 day simple moving average of $4.16 and a 200-day simple moving average of $5.67. Starfighters Space, Inc. has a 52-week low of $3.28 and a 52-week high of $31.50. The stock has a market capitalization of $182.60 million and a PE 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 (NYSEAMERICAN:FJET - Get Free Report) last issued its quarterly earnings data on Wednesday, August 19th. The company reported ($0.24) earnings per share for the quarter.

Institutional Trading of Starfighters Space

Several large investors have recently modified their holdings of the company. Legacy Wealth Managment LLC ID bought a new stake in shares of Starfighters Space in the second quarter worth $53,000. Elevation Point Wealth Partners LLC lifted 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 purchasing an additional 3,660 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Starfighters Space during the 4th quarter valued at approximately $151,000. Cerity Partners LLC purchased a new stake in shares of Starfighters Space in the fourth quarter worth $718,000. Finally, Goldman Sachs Group Inc. bought a new stake in 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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