Richard William Svetkoff Sells 100,000 Shares of Starfighters Space (NYSEAMERICAN:FJET) Stock

Starfighters Space, Inc. (NYSEAMERICAN:FJET) major shareholder Richard William Svetkoff sold 100,000 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $5.46, for a total transaction of $546,000.00. Following the transaction, the insider owned 13,995,000 shares in the company, valued at approximately $76,412,700. This represents a 0.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 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 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 Stock Down 4.6%

FJET traded down $0.16 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 price-to-earnings ratio of -3.73. 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 fifty day moving average price of $4.16 and a 200-day moving average price of $5.67. Starfighters Space, Inc. has a 12-month low of $3.28 and a 12-month high of $31.50.

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

Institutional Investors Weigh In On Starfighters Space

Institutional investors and hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. purchased a new position in Starfighters Space in the 4th quarter worth $1,322,000. Cerity Partners LLC purchased a new stake in Starfighters Space in the fourth quarter valued at $718,000. Elevation Point Wealth Partners LLC grew its position 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 worth $81,000 after purchasing an additional 3,660 shares during the period. Jane Street Group LLC purchased a new position in shares of Starfighters Space during the 4th quarter valued at about $151,000. Finally, Legacy Wealth Managment LLC ID purchased a new position in shares of Starfighters Space during the 2nd quarter valued at about $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.