Starfighters Space (NYSEAMERICAN:FJET) Major Shareholder Sells 75,000 Shares

Key Points

• Major shareholder Richard William Svetkoff sold 75,000 Starfighters Space shares at an average price of $5.21, generating $390,750. After the transaction, he retained 13.92 million shares, a 0.54% reduction in his stake.
• FJET shares fell $0.16 to $3.32, near the company’s 12-month low of $3.28, with a market capitalization of approximately $182.6 million.
• Starfighters Space reported a quarterly loss of $0.24 per share, while several institutional investors—including Goldman Sachs and Cerity Partners—recently established positions in the company.

Starfighters Space, Inc. (NYSEAMERICAN:FJET - Get Free Report) major shareholder Richard William Svetkoff sold 75,000 shares of the company's stock in a transaction on Friday, May 15th. The stock was sold at an average price of $5.21, for a total value of $390,750.00. Following the transaction, the insider directly owned 13,920,000 shares in the company, valued at $72,523,200. This represents a 0.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Major shareholders that own more than 10% of a company's shares 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 transaction 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 transaction of $971,857.92.

Starfighters Space Price Performance

Shares of FJET traded down $0.16 during trading hours 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 firm has a 50 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 capitalization of $182.60 million and a price-to-earnings ratio of -3.73. Starfighters Space, Inc. has a 12-month low of $3.28 and a 12-month high of $31.50.

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

Institutional Investors Weigh In On Starfighters Space

Institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. purchased a new position in Starfighters Space in the 4th quarter valued at approximately $1,322,000. Cerity Partners LLC acquired a new position in Starfighters Space during the fourth quarter worth $718,000. Jane Street Group LLC purchased a new stake in Starfighters Space during the fourth quarter worth $151,000. Legacy Wealth Managment LLC ID purchased a new stake in Starfighters Space during the second quarter worth $53,000. Finally, Elevation Point Wealth Partners LLC acquired a new stake in Starfighters Space in the fourth quarter valued at $116,000.

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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