Starfighters Space (NYSEAMERICAN:FJET) Major Shareholder Richard William Svetkoff Sells 329,100 Shares of Stock

Starfighters Space, Inc. (NYSEAMERICAN:FJET) major shareholder Richard William Svetkoff sold 329,100 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $6.39, for a total value of $2,102,949.00. Following the completion of the sale, the insider directly owned 13,517,135 shares in the company, valued at $86,374,492.65. The trade was a 2.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own more than 10% of a company’s stock 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 shares were sold at an average price of $10.24, for a total transaction of $971,857.92.

Starfighters Space Trading Down 4.6%

Shares of NYSEAMERICAN FJET traded down $0.16 during midday trading on Monday, hitting $3.32. 739,418 shares of the company traded hands, compared to its average volume of 1,527,141. Starfighters Space, Inc. has a 12-month low of $3.28 and a 12-month high of $31.50. The stock has a 50-day moving average price of $4.16 and a 200 day moving average price of $5.67. The company has a debt-to-equity ratio of 0.01, a quick ratio of 11.95 and a current ratio of 11.94. The firm has a market cap of $182.60 million and a P/E ratio of -3.73.

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

Institutional Trading of Starfighters Space

Several institutional investors have recently bought and sold shares of FJET. Legacy Wealth Managment LLC ID purchased a new position in Starfighters Space in the 2nd quarter worth approximately $53,000. Elevation Point Wealth Partners LLC grew its stake in shares of Starfighters Space by 36.6% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 13,660 shares of the company’s stock valued at $81,000 after purchasing an additional 3,660 shares during the period. Jane Street Group LLC bought a new stake in Starfighters Space during the fourth quarter valued at approximately $151,000. Cerity Partners LLC purchased a new stake in shares of Starfighters Space in the 4th quarter worth $718,000. Finally, Goldman Sachs Group Inc. bought a new position in shares of Starfighters Space in the fourth quarter worth about $1,322,000.

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.