Starfighters Space (NYSEAMERICAN:FJET) Major Shareholder Richard William Svetkoff Sells 100,000 Shares

Starfighters Space, Inc. (NYSEAMERICAN:FJET) major shareholder Richard William Svetkoff sold 100,000 shares of the business’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $5.46, for a total transaction of $546,000.00. Following the completion of the sale, the insider directly owned 13,995,000 shares in the company, valued at approximately $76,412,700. This 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 the SEC website. Major shareholders that own at least 10% of a company’s stock 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 shares were sold at an average price of $10.24, for a total value of $971,857.92.

Starfighters Space Trading Down 4.6%

Shares of FJET stock opened at $3.32 on Tuesday. Starfighters Space, Inc. has a 1-year low of $3.28 and a 1-year high of $31.50. 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 stock has a market cap of $182.60 million and a price-to-earnings ratio of -3.73. The stock has a 50-day moving average of $4.13 and a 200-day moving average of $5.65.

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

Starfighters Space News Roundup

Here are the key news stories impacting Starfighters Space this week:

• Positive Sentiment: Despite the sales, major shareholder Richard William Svetkoff continues to own approximately 13.12 million shares, indicating that he remains substantially invested in Starfighters Space. SEC ownership filing

Institutional Investors Weigh In On Starfighters Space

Institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. acquired a new stake in shares of Starfighters Space during the fourth quarter worth $1,322,000. Cerity Partners LLC bought a new position in Starfighters Space during the fourth quarter worth $718,000. Elevation Point Wealth Partners LLC lifted its holdings in Starfighters Space by 36.6% in 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 acquired a new position in Starfighters Space in the fourth quarter valued at $151,000. Finally, Legacy Wealth Managment LLC ID bought a new stake in Starfighters Space during the second quarter valued at $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.