Starfighters Space (NYSEAMERICAN:FJET) Major Shareholder Richard William Svetkoff Sells 59,992 Shares of Stock

Starfighters Space, Inc. (NYSEAMERICAN:FJET) major shareholder Richard William Svetkoff sold 59,992 shares of the company’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $5.15, for a total transaction of $308,958.80. Following the completion of the sale, the insider directly owned 13,846,235 shares in the company, valued at approximately $71,308,110.25. This represents a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own 10% or more 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 transaction 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 Stock Performance

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 50-day moving average price of $4.13 and a 200-day moving average price of $5.65. The firm has a market cap of $182.60 million and a PE ratio of -3.73.

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

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of FJET. Legacy Wealth Managment LLC ID acquired a new stake in Starfighters Space in the second quarter worth $53,000. Elevation Point Wealth Partners LLC boosted 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 worth $81,000 after purchasing an additional 3,660 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Starfighters Space in the 4th quarter valued at about $151,000. Cerity Partners LLC bought a new stake in Starfighters Space in the 4th quarter valued at about $718,000. Finally, Goldman Sachs Group Inc. acquired a new position in Starfighters Space during the 4th quarter worth approximately $1,322,000.

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

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.