Rep. George Whitesides Sells Virgin Galactic Holdings, Inc. (NYSE:SPCE) Shares

Representative George Whitesides (D-California) recently sold shares of Virgin Galactic Holdings, Inc. NYSE: SPCE. In a filing disclosed on April 23rd, the Representative disclosed that they had sold between $1,001 and $15,000 in Virgin Galactic stock on March 24th. The trade occurred in the Representative's "GEORGE WHITESIDES INDIVIDUAL" account.

Representative George Whitesides also recently made the following trade(s):

• Sold $100,001 - $250,000 in shares of Netflix NASDAQ: NFLX on 3/27/2025.
• Sold $250,001 - $500,000 in shares of Innoviva NASDAQ: INVA on 3/25/2025.
• Sold $100,001 - $250,000 in shares of Linde NASDAQ: LIN on 3/24/2025.
• Sold $100,001 - $250,000 in shares of Procter & Gamble NYSE: PG on 3/24/2025.
• Sold $1,001 - $15,000 in shares of Sandoz Group OTCMKTS: SDZNY on 3/24/2025.
• Sold $15,001 - $50,000 in shares of American Electric Power NASDAQ: AEP on 3/24/2025.
• Sold $50,001 - $100,000 in shares of Medtronic NYSE: MDT on 3/24/2025.
• Sold $100,001 - $250,000 in shares of McDonald's NYSE: MCD on 3/24/2025.
• Sold $15,001 - $50,000 in shares of Bank of America NYSE: BAC on 3/24/2025.
• Sold $15,001 - $50,000 in shares of Diageo NYSE: DEO on 3/24/2025.

Virgin Galactic Trading Down 1.2 %

SPCE traded down $0.04 on Thursday, hitting $2.86. 960,819 shares of the company were exchanged, compared to its average volume of 1,857,303. The company has a debt-to-equity ratio of 1.15, a quick ratio of 4.52 and a current ratio of 4.52. The firm has a fifty day simple moving average of $3.12 and a two-hundred day simple moving average of $5.03. The stock has a market capitalization of $101.43 million, a PE ratio of -0.17 and a beta of 2.11. Virgin Galactic Holdings, Inc. has a 12 month low of $2.18 and a 12 month high of $28.20.

Institutional Investors Weigh In On Virgin Galactic

Hedge funds have recently made changes to their positions in the company. Cerity Partners LLC bought a new stake in shares of Virgin Galactic during the 1st quarter valued at $32,000. Penserra Capital Management LLC boosted its stake in Virgin Galactic by 48.4% during the first quarter. Penserra Capital Management LLC now owns 134,438 shares of the company's stock worth $407,000 after acquiring an additional 43,861 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Virgin Galactic by 14.5% in the first quarter. Bank of New York Mellon Corp now owns 69,496 shares of the company's stock worth $211,000 after purchasing an additional 8,808 shares during the period. Wealthquest Corp bought a new position in shares of Virgin Galactic during the first quarter valued at approximately $1,340,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of Virgin Galactic during the first quarter valued at approximately $32,000. 46.62% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on SPCE shares. The Goldman Sachs Group decreased their target price on shares of Virgin Galactic from $41.00 to $36.00 and set a "neutral" rating on the stock in a research note on Monday, March 3rd. Susquehanna decreased their target price on shares of Virgin Galactic from $4.00 to $3.25 and set a "neutral" rating on the stock in a research note on Thursday, March 13th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Virgin Galactic has a consensus rating of "Hold" and an average price target of $19.85.

About Representative Whitesides

George Whitesides (Democratic Party) is a member of the U.S. House, representing California's 27th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Whitesides (Democratic Party) ran for election to the U.S. House to represent California's 27th Congressional District. He won in the general election on November 5, 2024. George Whitesides earned a bachelor's degree in public and international affairs from Princeton University in 1996 and a master's degree in remote sensing and GIS from the University of Cambridge in 2000. His career experience includes working as the chief of staff for NASA during the administration of President Barack Obama (D) and the CEO of human spaceflight company Virgin Galactic. Whitesides co-founded Megafire Action, an organization dedicated to responding to wildfires. Whitesides co-chaired the Antelope Valley Covid-19 Task Force and joined the Antelope Valley Economic Development and Growth Enterprise (AV EDGE) as a board member.

Virgin Galactic Company Profile

Virgin Galactic Holdings, Inc, an aerospace and space travel company, focuses on the development, manufacture, and operation of spaceships and related technologies. The company engages in the design and development, manufacturing, ground and flight testing, spaceflight operation, and post-flight maintenance of spaceflight systems for private individuals, researchers, and government agencies.