SpaceX $SPCX Shares Newly Acquired by Compass Financial Group INC SD

Compass Financial Group INC SD purchased a new stake in SpaceX (NASDAQ:SPCX) in the 3rd quarter, HoldingsChannel reports. The firm purchased 3,264 shares of the company’s stock, valued at approximately $492,000.

Other large investors also recently bought and sold shares of the company. SC US Ttgp LTD. purchased a new position in SpaceX during the second quarter worth approximately $20,933,621,000. Darsana Capital Partners LP purchased a new stake in shares of SpaceX in the second quarter valued at approximately $17,335,783,000. K5 Global Advisor LLC purchased a new stake in shares of SpaceX in the second quarter valued at approximately $6,587,531,000. State Street Corp acquired a new position in shares of SpaceX during the 2nd quarter worth approximately $1,858,329,000. Finally, Dragoneer Investment Group LLC acquired a new position in shares of SpaceX during the 2nd quarter worth approximately $1,366,880,000.

Insider Activity at SpaceX

In related news, COO Gwynne Shotwell sold 342,170 shares of the company’s stock in a transaction that occurred on Tuesday, September 22nd. The stock was sold at an average price of $153.57, for a total value of $52,547,046.90. Following the transaction, the chief operating officer directly owned 2,472,035 shares in the company, valued at approximately $379,630,414.95. This represents a 12.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX Stock Down 4.0%

NASDAQ:SPCX traded down $6.60 on Tuesday, hitting $156.82. The stock had a trading volume of 43,705,596 shares, compared to its average volume of 101,302,273. The company has a debt-to-equity ratio of 0.29, a quick ratio of 4.99 and a current ratio of 5.12. The firm has a market capitalization of $2.07 trillion and a PE ratio of -1,742.72. The stock has a fifty day moving average price of $146.01. SpaceX has a 1-year low of $104.83 and a 1-year high of $225.64.

SpaceX (NASDAQ:SPCX) last posted its quarterly earnings results on Tuesday, August 4th. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.17. The firm had revenue of $7.81 billion during the quarter. SpaceX’s revenue was up 91.9% on a year-over-year basis. As a group, analysts anticipate that SpaceX will post 0.09 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SPCX. Needham & Company LLC reiterated a “buy” rating on shares of SpaceX in a research report on Wednesday, September 30th. Citigroup lowered shares of SpaceX from a “buy” rating to a “sell” rating in a report on Friday, August 7th. Canaccord Genuity Group began coverage on shares of SpaceX in a report on Tuesday, July 7th. They issued a “buy” rating and a $246.00 price target for the company. Weiss Ratings initiated coverage on shares of SpaceX in a research report on Tuesday, September 1st. They set a “sell (d)” rating for the company. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of SpaceX in a report on Tuesday, September 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, nine have issued a Hold rating and six have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $220.06.

More SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX’s successful Starship Flight 14 orbital entry was viewed as an important milestone. Analysts at Morgan Stanley and Citi said Starship could become a major long-term growth driver, with a future launch potentially providing capacity equivalent to one or more months of Falcon 9 missions. SpaceX’s Next Starship Launch Could Be a Major Stock Catalyst
• Positive Sentiment: Analysts remain constructive on Starlink’s growth. Jefferies expects Starlink to reach 23% of aircraft by 2028, while Pivotal Research raised its 2027 price target to $230 and Morgan Stanley maintained a $300 target. SpaceX Stock Forecast: Why Jefferies Sees Starlink Reaching 23% of Aircraft by 2028
• Positive Sentiment: The company’s planned mobile-carrier push could open a large new revenue stream. Its spectrum acquisition is intended to support Starlink direct-to-cell services, and a new bundled subscription combining Grok, Cursor and X could broaden SpaceX’s AI monetization efforts. SpaceX’s Spectrum Deal Raises Telecom Competition Fears

SpaceX Profile

Space Exploration Technologies Corp. (SpaceX) is a privately held aerospace company founded in 2002 by Elon Musk. The company develops and operates launch vehicles, spacecraft and satellite systems designed to reduce the cost of access to space and support commercial, government and scientific missions.

SpaceX’s primary products and services include the Falcon 9 and Falcon Heavy launch vehicles, the Dragon spacecraft and the Starlink satellite internet network. The company also is developing Starship, a fully reusable launch and spacecraft system intended for missions to Earth orbit, the Moon and Mars.