Starfighters Space (NYSEAMERICAN:FJET) Major Shareholder Richard William Svetkoff Sells 13,773 Shares of Stock

Starfighters Space, Inc. (NYSEAMERICAN:FJET) major shareholder Richard William Svetkoff sold 13,773 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $5.21, for a total transaction of $71,757.33. Following the transaction, the insider owned 13,906,227 shares in the company, valued at $72,451,442.67. This represents a 0.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 stock was 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 value of $971,857.92.

Starfighters Space Stock Performance

Starfighters Space stock opened at $3.32 on Tuesday. Starfighters Space, Inc. has a fifty-two week low of $3.28 and a fifty-two week high of $31.50. The stock’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 cap of $182.60 million and a price-to-earnings 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.

Key Headlines 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

Institutional Trading of Starfighters Space

A number of hedge funds have recently modified their holdings of FJET. Legacy Wealth Managment LLC ID purchased a new stake in shares of Starfighters Space in the 2nd quarter worth about $53,000. Elevation Point Wealth Partners LLC increased its stake in shares of Starfighters Space by 36.6% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 13,660 shares of the company’s stock worth $81,000 after acquiring an additional 3,660 shares in the last quarter. Jane Street Group LLC purchased a new position in Starfighters Space during the 4th quarter valued at about $151,000. Cerity Partners LLC bought a new stake in Starfighters Space during the fourth quarter worth about $718,000. Finally, Goldman Sachs Group Inc. bought a new stake in Starfighters Space during the fourth quarter worth about $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.