Starfighters Space (NYSEAMERICAN:FJET) Major Shareholder Richard William Svetkoff Sells 50,000 Shares

Starfighters Space, Inc. (NYSEAMERICAN:FJET) major shareholder Richard William Svetkoff sold 50,000 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $7.50, for a total value of $375,000.00. Following the completion of the sale, the insider directly owned 13,467,135 shares in the company, valued at $101,003,512.50. This trade represents a 0.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Large 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 stock was sold at an average price of $10.24, for a total transaction of $971,857.92.

Starfighters Space Price Performance

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

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

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

Institutional Investors Weigh In On Starfighters Space

A number of institutional investors and hedge funds have recently bought and sold shares of FJET. Elevation Point Wealth Partners LLC grew its holdings in Starfighters Space by 36.6% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 13,660 shares of the company’s stock valued at $81,000 after buying an additional 3,660 shares during the last quarter. Legacy Wealth Managment LLC ID acquired a new position in shares of Starfighters Space in the second quarter worth $53,000. Jane Street Group LLC acquired a new position in shares of Starfighters Space in the fourth quarter worth $151,000. Cerity Partners LLC purchased a new stake in shares of Starfighters Space in the fourth quarter valued at $718,000. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of Starfighters Space during the fourth quarter valued at $1,322,000.

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.