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

Starfighters Space, Inc. (NYSEAMERICAN:FJET) major shareholder Richard William Svetkoff sold 75,000 shares of the stock in a transaction on Friday, May 8th. The shares were sold at an average price of $5.72, for a total value of $429,000.00. Following the sale, the insider directly owned 14,095,000 shares in the company, valued at $80,623,400. This trade represents a 0.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own at least 10% of a company’s stock 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 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 transaction of $971,857.92.

Starfighters Space Price Performance

FJET opened at $3.32 on Tuesday. The company’s 50-day simple moving average is $4.13 and its two-hundred day simple moving average is $5.65. The company has a debt-to-equity ratio of 0.01, a quick ratio of 11.95 and a current ratio of 11.94. The stock has a market capitalization of $182.60 million and a P/E ratio of -3.73. Starfighters Space, Inc. has a 52-week low of $3.28 and a 52-week high of $31.50.

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

Hedge Funds Weigh In On Starfighters Space

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

More Starfighters Space News

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

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.