Temasek Holdings Private Ltd Has $23.93 Million Holdings in Firefly Aerospace, Inc. $FLY

Temasek Holdings Private Ltd lifted its holdings in Firefly Aerospace, Inc. (NASDAQ:FLY) by 151.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,069,588 shares of the company’s stock after purchasing an additional 643,886 shares during the period. Temasek Holdings Private Ltd owned 0.67% of Firefly Aerospace worth $23,927,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in FLY. JPMorgan Chase & Co. bought a new position in shares of Firefly Aerospace in the third quarter worth about $19,471,000. Vanguard Group Inc. bought a new position in shares of Firefly Aerospace in the third quarter worth about $53,409,000. AE Industrial Partners LP bought a new position in shares of Firefly Aerospace in the third quarter worth about $1,063,863,000. TD Asset Management Inc bought a new position in shares of Firefly Aerospace in the third quarter worth about $4,353,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Firefly Aerospace in the third quarter worth about $633,000.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Jefferies Financial Group reiterated a “buy” rating and issued a $52.00 price objective on shares of Firefly Aerospace in a research note on Tuesday, June 2nd. Weiss Ratings lowered Firefly Aerospace from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, April 24th. KeyCorp upgraded Firefly Aerospace from a “sector weight” rating to an “overweight” rating and set a $50.00 price objective on the stock in a research note on Monday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $35.00 price objective on shares of Firefly Aerospace in a research note on Tuesday, May 5th. Finally, UBS Group set a $33.00 price target on Firefly Aerospace in a research note on Thursday, March 12th. Seven research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $42.20.

Firefly Aerospace Trading Up 4.7%

FLY stock opened at $33.36 on Tuesday. Firefly Aerospace, Inc. has a 1-year low of $16.00 and a 1-year high of $73.80. The firm has a market cap of $5.35 billion and a P/E ratio of -4.09. The business’s 50 day moving average is $39.78 and its 200-day moving average is $29.35. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 0.02.

Firefly Aerospace (NASDAQ:FLY) last released its quarterly earnings data on Monday, May 4th. The company reported ($0.46) earnings per share for the quarter, beating the consensus estimate of ($0.50) by $0.04. Firefly Aerospace had a negative return on equity of 40.96% and a negative net margin of 181.16%.The company had revenue of $80.88 million for the quarter. During the same quarter in the prior year, the company posted ($5.09) earnings per share. The company’s revenue for the quarter was up 44.8% on a year-over-year basis. Equities analysts anticipate that Firefly Aerospace, Inc. will post -1.95 earnings per share for the current fiscal year.

Insider Activity at Firefly Aerospace

In other news, General Counsel David Leigh Wheeler sold 3,766 shares of the business’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $45.04, for a total value of $169,620.64. Following the transaction, the general counsel directly owned 142,758 shares of the company’s stock, valued at $6,429,820.32. The trade was a 2.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 7.50% of the stock is owned by insiders.

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.