Starfighters Space (NYSEAMERICAN:FJET) Major Shareholder Richard William Svetkoff Sells 329,100 Shares

Starfighters Space, Inc. (NYSEAMERICAN:FJET) major shareholder Richard William Svetkoff sold 329,100 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $6.39, for a total value of $2,102,949.00. Following the completion of the transaction, the insider owned 13,517,135 shares in the company, valued at $86,374,492.65. This represents a 2.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own at least 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 transaction of $971,857.92.

Starfighters Space Stock Performance

FJET stock opened at $3.32 on Tuesday. The firm has a 50 day moving average of $4.13 and a two-hundred day moving average of $5.65. Starfighters Space, Inc. has a 12 month low of $3.28 and a 12 month 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 quarterly earnings results on Wednesday, August 19th. The company reported ($0.24) earnings per share for the quarter.

Institutional Trading of Starfighters Space

Several large investors have recently made changes to their positions in the stock. Cerity Partners LLC bought a new stake in Starfighters Space during the fourth quarter worth approximately $718,000. Elevation Point Wealth Partners LLC boosted its holdings in Starfighters Space by 36.6% during the first quarter. Elevation Point Wealth Partners LLC now owns 13,660 shares of the company’s stock valued at $81,000 after acquiring an additional 3,660 shares during the period. Jane Street Group LLC bought a new stake in Starfighters Space during the fourth quarter valued at about $151,000. Goldman Sachs Group Inc. acquired a new stake in shares of Starfighters Space in the fourth quarter valued at about $1,322,000. Finally, Legacy Wealth Managment LLC ID bought a new position in shares of Starfighters Space in the second quarter worth about $53,000.

Starfighters Space News Roundup

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

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.