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

Starfighters Space, Inc. (NYSEAMERICAN:FJET) major shareholder Richard William Svetkoff sold 94,908 shares of the stock in a transaction on 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 approximately $134,648,535.04. This represents a 0.72% 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 at least 10% 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 stock was sold at an average price of $3.95, for a total value of $118,863.40.

Starfighters Space Stock Performance

Shares of Starfighters Space stock opened at $2.83 on Thursday. The stock has a market cap of $155.65 million and a price-to-earnings ratio of -3.18. The firm’s 50-day moving average is $4.07 and its 200 day moving average is $5.63. Starfighters Space, Inc. has a 1 year low of $2.77 and a 1 year high of $31.50. The company has a debt-to-equity ratio of 0.01, a current ratio of 11.94 and a quick ratio of 11.95.

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

Hedge Funds Weigh In On Starfighters Space

Hedge funds have recently added to or reduced their stakes in the company. Legacy Wealth Managment LLC ID purchased a new stake in Starfighters Space during the 2nd quarter valued at $53,000. Elevation Point Wealth Partners LLC raised its stake in shares of Starfighters Space by 36.6% in the first 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 during the last quarter. Jane Street Group LLC bought a new position in shares of Starfighters Space during the fourth quarter valued at $151,000. Cerity Partners LLC purchased a new stake in shares of Starfighters Space during the fourth quarter valued at $718,000. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of Starfighters Space during the fourth quarter valued at $1,322,000.

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.