Starfighters Space (NYSEAMERICAN:FJET) Major Shareholder Sells 222,956 Shares

Starfighters Space, Inc. (NYSEAMERICAN:FJET) major shareholder Richard William Svetkoff sold 222,956 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $8.55, for a total transaction of $1,906,273.80. Following the transaction, the insider directly owned 13,244,179 shares of the company’s stock, valued at $113,237,730.45. This represents a 1.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Major 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 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 value of $971,857.92.

Starfighters Space Stock Down 4.6%

Shares of NYSEAMERICAN FJET traded down $0.16 during trading hours on Monday, hitting $3.32. The company had a trading volume of 739,418 shares, compared to its average volume of 1,527,141. The stock has a market capitalization of $182.60 million and a P/E 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. The firm’s 50 day moving average is $4.16 and its 200-day moving average is $5.67. Starfighters Space, Inc. has a 1-year low of $3.28 and a 1-year high of $31.50.

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.

Institutional Trading of Starfighters Space

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

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.