Starfighters Space (NYSEAMERICAN:FJET) Major Shareholder Richard William Svetkoff Sells 222,956 Shares of Stock

Starfighters Space, Inc. (NYSEAMERICAN:FJET) major shareholder Richard William Svetkoff sold 222,956 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $8.55, for a total value of $1,906,273.80. Following the sale, the insider directly owned 13,244,179 shares in the company, valued at $113,237,730.45. This trade represents a 1.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Major shareholders that own 10% or more 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 shares were 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 value of $971,857.92.

Starfighters Space Trading Down 4.6%

Shares of NYSEAMERICAN FJET opened at $3.32 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 11.94 and a quick ratio of 11.95. The stock has a market capitalization of $182.60 million and a P/E ratio of -3.73. Starfighters Space, Inc. has a 1-year low of $3.28 and a 1-year high of $31.50. The business has a fifty day moving average price of $4.13 and a 200 day moving average price of $5.65.

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

Starfighters Space News Roundup

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 Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. bought a new position in shares of Starfighters Space during the 4th quarter worth approximately $1,322,000. Cerity Partners LLC acquired a new stake in Starfighters Space in the fourth quarter valued at approximately $718,000. Elevation Point Wealth Partners LLC acquired a new stake in Starfighters Space in the fourth quarter valued at approximately $116,000. Jane Street Group LLC purchased a new position in Starfighters Space in the fourth quarter worth $151,000. Finally, Legacy Wealth Managment LLC ID purchased a new position in Starfighters Space in the second quarter worth $53,000.

Starfighters Space Company Profile

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.