Starfighters Space (NYSEAMERICAN:FJET) Major Shareholder Sells $971,857.92 in Stock

Key Points

• Major shareholder Richard William Svetkoff sold 94,908 shares of Starfighters Space at an average price of $10.24, generating $971,857.92. He retained 13,149,271 shares valued at approximately $134.6 million, reducing his ownership by 0.72%.
• Starfighters Space shares recently traded at $3.32, near their 12-month low of $3.28 and below their 50-day and 200-day moving averages. The company reported a quarterly loss of $0.24 per share.
• Several institutional investors, including Goldman Sachs, Cerity Partners, and Jane Street, recently initiated or increased positions in Starfighters Space.

Starfighters Space, Inc. (NYSEAMERICAN:FJET - Get Free Report) major shareholder Richard William Svetkoff sold 94,908 shares of Starfighters Space stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $10.24, for a total value of $971,857.92. Following the completion of the sale, the insider directly owned 13,149,271 shares in the company, valued at $134,648,535.04. This trade represents a 0.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large shareholders that own 10% or more 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 shares were sold at an average price of $3.95, for a total value of $118,863.40.

Starfighters Space Price Performance

Starfighters Space stock traded down $0.16 during midday trading on Monday, reaching $3.32. 739,418 shares of the stock traded hands, compared to its average volume of 1,527,141. The stock has a market cap of $182.60 million and a P/E ratio of -3.73. The stock's fifty day moving average is $4.16 and its 200-day moving average is $5.67. 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 12 month low of $3.28 and a 12 month high of $31.50.

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 (EPS) for the quarter.

Institutional Investors Weigh In On Starfighters Space

A number of hedge funds have recently bought and sold shares of the business. Goldman Sachs Group Inc. bought a new position in Starfighters Space during the fourth quarter valued at $1,322,000. Cerity Partners LLC bought a new stake in shares of Starfighters Space in the 4th quarter worth about $718,000. Elevation Point Wealth Partners LLC raised its position in shares of 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 buying an additional 3,660 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Starfighters Space during the 4th quarter valued at about $151,000. Finally, Legacy Wealth Managment LLC ID bought a new position in shares of Starfighters Space in the 2nd quarter valued at about $53,000.

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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