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 company’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $5.21, for a total transaction of $390,750.00. Following the completion of the transaction, the insider directly owned 13,920,000 shares of the company’s stock, valued at $72,523,200. This represents a 0.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Large shareholders that own more than 10% of a company’s shares 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 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 value of $971,857.92.

Starfighters Space Price Performance

Shares of Starfighters Space stock opened at $3.32 on Tuesday. The stock’s 50-day simple moving average is $4.13 and its 200-day simple moving average is $5.65. Starfighters Space, Inc. has a 52 week low of $3.28 and a 52 week high of $31.50. The company has a market capitalization of $182.60 million and a price-to-earnings ratio of -3.73. The company has a quick ratio of 11.95, a current ratio of 11.94 and a debt-to-equity ratio of 0.01.

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

Hedge Funds Weigh In On Starfighters Space

Several hedge funds have recently modified their holdings of FJET. Goldman Sachs Group Inc. bought a new position in shares of Starfighters Space during the fourth quarter worth $1,322,000. Cerity Partners LLC purchased a new position in Starfighters Space during the fourth quarter valued at $718,000. Elevation Point Wealth Partners LLC bought a new stake in Starfighters Space in the 4th quarter valued at $116,000. Jane Street Group LLC bought a new stake in Starfighters Space in the 4th quarter valued at $151,000. Finally, Legacy Wealth Managment LLC ID purchased a new stake in Starfighters Space in the 2nd quarter worth $53,000.

Key Stories Impacting Starfighters Space

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.