Richard William Svetkoff Sells 222,956 Shares of Starfighters Space (NYSEAMERICAN:FJET) Stock

Starfighters Space, Inc. (NYSEAMERICAN:FJET) major shareholder Richard William Svetkoff sold 222,956 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $8.55, for a total value of $1,906,273.80. Following the transaction, the insider directly owned 13,244,179 shares in the company, valued at $113,237,730.45. This represents a 1.66% 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 more than 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.
• 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

Starfighters Space stock opened at $2.97 on Wednesday. The company has a market cap of $163.35 million and a P/E ratio of -3.34. Starfighters Space, Inc. has a one year low of $2.93 and a one year high of $31.50. The business has a fifty day moving average of $4.10 and a two-hundred day moving average of $5.64. The company has a debt-to-equity ratio of 0.01, a quick ratio of 11.95 and a current ratio of 11.94.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in FJET. Goldman Sachs Group Inc. purchased a new position in Starfighters Space in the fourth quarter valued at about $1,322,000. Cerity Partners LLC purchased a new stake in shares of Starfighters Space during the 4th quarter worth approximately $718,000. Jane Street Group LLC purchased a new stake in shares of Starfighters Space during the 4th quarter worth approximately $151,000. Elevation Point Wealth Partners LLC acquired a new stake in shares of Starfighters Space in the 4th quarter worth approximately $116,000. Finally, Legacy Wealth Managment LLC ID acquired a new stake in shares of Starfighters Space in the 2nd quarter worth approximately $53,000.

Starfighters Space News Summary

Here are the key news stories impacting Starfighters Space this week:

• Positive Sentiment: Starfighters Space will participate in the September 12–13 AIRSHO at Midland International Air & Space Port, showcasing a flight-ready Mach 2+ F-104. The appearance could raise the company’s visibility among potential customers, investors and partners in defense, aerospace and high-speed flight research. Starfighters Space AIRSHO announcement
• Positive Sentiment: A company-published commentary highlights Starfighters’ rare position as the operator of nearly all remaining airworthy Mach 2+ Cold War-era jets. That fleet could support demand for hypersonic testing, high-speed defense research and next-generation spaceflight programs, although the article did not announce a new contract or revenue commitment. Mach 2+ aircraft commentary
• Neutral Sentiment: Several institutions, including Goldman Sachs, Cerity Partners, Elevation Point Wealth Partners and Jane Street, reported new positions in Starfighters Space. The purchases may improve institutional awareness, but the disclosed stakes appear relatively small compared with the company’s market capitalization.
• Negative Sentiment: Major shareholder Richard William Svetkoff disclosed a series of historical stock sales, including 13,773 shares at $5.21 and 30,092 shares at $3.95, along with larger sales earlier in the year. Although these transactions reduced his holdings by small percentages and he still owns more than 13 million shares, the continued selling can weigh on sentiment—particularly for a small-cap company whose shares have fallen substantially from their 12-month high. Insider trading report
• Negative Sentiment: Starfighters Space recently reported a quarterly loss of $0.24 per share. With a negative P/E ratio and no new financial guidance or contract disclosed in these reports, investors may remain focused on the company’s ability to convert its specialized aircraft fleet into recurring revenue.

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.