David Leigh Wheeler Sells 3,765 Shares of Firefly Aerospace (NASDAQ:FLY) Stock

Firefly Aerospace, Inc. (NASDAQ:FLY) General Counsel David Leigh Wheeler sold 3,765 shares of the company’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $45.12, for a total transaction of $169,876.80. Following the sale, the general counsel directly owned 142,758 shares in the company, valued at $6,441,240.96. This trade represents a 2.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

David Leigh Wheeler also recently made the following trade(s):

• On Friday, April 17th, David Leigh Wheeler sold 3,766 shares of Firefly Aerospace stock. The stock was sold at an average price of $45.04, for a total transaction of $169,620.64.

Firefly Aerospace Stock Performance

NASDAQ FLY traded down $1.38 on Tuesday, hitting $42.57. 5,822,842 shares of the stock were exchanged, compared to its average volume of 5,163,210. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.53 and a quick ratio of 2.53. The business’s fifty day moving average is $32.89 and its 200 day moving average is $26.36. Firefly Aerospace, Inc. has a 52 week low of $16.00 and a 52 week high of $73.80. The company has a market capitalization of $6.82 billion and a PE ratio of -5.22.

Firefly Aerospace (NASDAQ:FLY) last issued its earnings results on Monday, May 4th. The company reported ($0.46) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.50) by $0.04. Firefly Aerospace had a negative net margin of 181.16% and a negative return on equity of 40.96%. The business had revenue of $80.88 million during the quarter. During the same quarter last year, the business posted ($5.09) earnings per share. The company’s revenue for the quarter was up 44.8% on a year-over-year basis. Research analysts anticipate that Firefly Aerospace, Inc. will post -1.81 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE raised its holdings in Firefly Aerospace by 55.8% in the 1st quarter. Bank of America Corp DE now owns 299,042 shares of the company’s stock valued at $8,514,000 after acquiring an additional 107,080 shares in the last quarter. Janus Henderson Group PLC bought a new stake in shares of Firefly Aerospace during the 1st quarter valued at $503,000. California State Teachers Retirement System grew its holdings in shares of Firefly Aerospace by 2,259.2% during the 1st quarter. California State Teachers Retirement System now owns 31,189 shares of the company’s stock worth $888,000 after purchasing an additional 29,867 shares in the last quarter. Royal Bank of Canada increased its position in shares of Firefly Aerospace by 1,803.9% in the first quarter. Royal Bank of Canada now owns 225,782 shares of the company’s stock worth $6,428,000 after purchasing an additional 213,923 shares during the period. Finally, The Manufacturers Life Insurance Company bought a new position in shares of Firefly Aerospace in the first quarter worth $906,000.

Wall Street Analysts Forecast Growth

FLY has been the topic of a number of recent analyst reports. Cantor Fitzgerald dropped their price target on Firefly Aerospace from $65.00 to $35.00 and set an “overweight” rating on the stock in a research note on Thursday, March 26th. Roth Mkm lifted their price objective on shares of Firefly Aerospace from $35.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. B. Riley Financial began coverage on shares of Firefly Aerospace in a report on Wednesday, May 6th. They issued a “buy” rating and a $60.00 price objective on the stock. UBS Group set a $33.00 price objective on shares of Firefly Aerospace in a research report on Thursday, March 12th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $35.00 target price on shares of Firefly Aerospace in a report on Tuesday, May 5th. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Firefly Aerospace has a consensus rating of “Hold” and an average target price of $40.56.

Firefly Aerospace Company Profile

Firefly Aerospace (NASDAQ:FLY) is a U.S.-based aerospace company that designs, manufactures and operates launch vehicles and in-space systems for commercial, civil and national security customers. The company focuses on providing end-to-end small- and medium-lift launch services, mission integration and spacecraft hardware to support satellite deployment and on-orbit operations.

Firefly’s product portfolio includes the Alpha small launch vehicle, developed to carry small satellites to low Earth orbit, and plans for larger vehicles and in-space capabilities to address a range of payload sizes and mission profiles.