Chris Hadfield Buys 2,000 Shares of Momentus (NASDAQ:MNTS) Stock

Momentus Inc. (NASDAQ:MNTS) Director Chris Hadfield purchased 2,000 shares of the stock in a transaction on Thursday, May 21st. The stock was acquired at an average price of $7.19 per share, for a total transaction of $14,380.00. Following the completion of the purchase, the director directly owned 3,500 shares in the company, valued at approximately $25,165. The trade was a 133.33% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Chris Hadfield also recently made the following trade(s):

• On Friday, May 15th, Chris Hadfield purchased 1,500 shares of Momentus stock. The stock was acquired at an average price of $5.32 per share, for a total transaction of $7,980.00.

Momentus Price Performance

MNTS stock traded up $6.96 during midday trading on Tuesday, hitting $14.34. The company’s stock had a trading volume of 71,760,475 shares, compared to its average volume of 3,711,488. Momentus Inc. has a twelve month low of $3.11 and a twelve month high of $43.55. The company’s fifty day moving average price is $5.01 and its 200 day moving average price is $7.62. The stock has a market capitalization of $143.26 million, a P/E ratio of -0.33 and a beta of 1.33.

Momentus (NASDAQ:MNTS) last issued its quarterly earnings results on Wednesday, May 13th. The company reported ($2.15) earnings per share (EPS) for the quarter. Momentus had a negative net margin of 843.77% and a negative return on equity of 401.62%. The business had revenue of $3.22 million during the quarter.

Analyst Upgrades and Downgrades

MNTS has been the topic of several recent research reports. Wall Street Zen lowered shares of Momentus from a “hold” rating to a “sell” rating in a research note on Saturday, March 21st. Weiss Ratings reiterated a “sell (e+)” rating on shares of Momentus in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Institutional Trading of Momentus

An institutional investor recently raised its position in Momentus stock. Armistice Capital LLC increased its stake in shares of Momentus Inc. (NASDAQ:MNTS) by 199.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 792,000 shares of the company’s stock after buying an additional 527,773 shares during the period. Armistice Capital LLC owned 12.62% of Momentus worth $966,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 9.24% of the company’s stock.

Momentus Company Profile

Momentus Inc is a space logistics and in-space transportation company that develops and operates orbital transfer vehicles (OTVs) to move satellites and other payloads between orbits. Its core offering, the Vigoride platform, uses a proprietary water plasma propulsion system to provide sustainable, high-efficiency thrust for a range of orbital maneuvers. The company’s solutions are designed to enable flexible deployment and repositioning of satellites after launch, assisting satellite operators in optimizing mission lifespans and orbital slots.

Founded in 2017 and headquartered in Santa Clara, California, Momentus has pursued a path of technology demonstration and commercialization.