Starfighters Space (NYSEAMERICAN:FJET) Major Shareholder Richard William Svetkoff Sells 30,092 Shares

Starfighters Space, Inc. (NYSEAMERICAN:FJET) major shareholder Richard William Svetkoff sold 30,092 shares of the stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $3.95, for a total value of $118,863.40. Following the completion of the transaction, the insider directly owned 13,119,179 shares of the company’s stock, valued at $51,820,757.05. This represents a 0.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Major shareholders that own at least 10% 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 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 Stock Performance

Shares of FJET opened at $3.32 on Tuesday. The firm has a market cap of $182.60 million and a price-to-earnings ratio of -3.73. The company has a quick ratio of 11.95, a current ratio of 11.94 and a debt-to-equity ratio of 0.01. The business’s 50 day moving average is $4.13 and its two-hundred day moving average is $5.65. Starfighters Space, Inc. has a 52-week low of $3.28 and a 52-week high of $31.50.

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

Key Headlines Impacting Starfighters Space

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 Investors Weigh In On Starfighters Space

A number of institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. acquired a new position in Starfighters Space in the fourth quarter worth about $1,322,000. Cerity Partners LLC bought a new position in Starfighters Space during the 4th quarter worth approximately $718,000. Jane Street Group LLC acquired a new position in shares of Starfighters Space in the 4th quarter worth approximately $151,000. Elevation Point Wealth Partners LLC acquired a new position in shares of Starfighters Space in the 4th quarter worth approximately $116,000. Finally, Legacy Wealth Managment LLC ID bought a new stake in shares of Starfighters Space in the 2nd quarter valued at approximately $53,000.

About Starfighters Space

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.