David Leigh Wheeler Sells 3,765 Shares of Firefly Aerospace (NASDAQ:FLY) Stock

Firefly Aerospace, Inc. (NASDAQ:FLY) General Counsel David Leigh Wheeler sold 3,765 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $45.12, for a total transaction of $169,876.80. Following the sale, the general counsel owned 142,758 shares of the company’s stock, valued at $6,441,240.96. This trade represents a 2.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

David Leigh Wheeler also recently made the following trade(s):

• On Friday, April 17th, David Leigh Wheeler sold 3,766 shares of Firefly Aerospace stock. The stock was sold at an average price of $45.04, for a total transaction of $169,620.64.

Firefly Aerospace Stock Performance

NASDAQ FLY opened at $44.00 on Thursday. Firefly Aerospace, Inc. has a 52-week low of $16.00 and a 52-week high of $73.80. The company has a 50-day simple moving average of $33.36 and a 200 day simple moving average of $26.49. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.53 and a current ratio of 2.53. The company has a market capitalization of $7.05 billion and a PE ratio of -5.40.

Firefly Aerospace (NASDAQ:FLY) last posted its quarterly earnings data on Monday, May 4th. The company reported ($0.46) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.50) by $0.04. Firefly Aerospace had a negative net margin of 181.16% and a negative return on equity of 40.96%. The business had revenue of $80.88 million during the quarter. During the same quarter last year, the business posted ($5.09) EPS. The business’s quarterly revenue was up 44.8% on a year-over-year basis. On average, research analysts predict that Firefly Aerospace, Inc. will post -1.81 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently issued reports on FLY shares. Cantor Fitzgerald decreased their price objective on shares of Firefly Aerospace from $65.00 to $35.00 and set an “overweight” rating for the company in a report on Thursday, March 26th. Weiss Ratings lowered shares of Firefly Aerospace from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, April 24th. Wall Street Zen cut shares of Firefly Aerospace from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. UBS Group set a $33.00 price target on shares of Firefly Aerospace in a research note on Thursday, March 12th. Finally, The Goldman Sachs Group upped their price target on shares of Firefly Aerospace from $29.00 to $32.00 and gave the company a “neutral” rating in a research note on Monday, April 20th. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $40.56.

Hedge Funds Weigh In On Firefly Aerospace

A number of large investors have recently modified their holdings of the company. BNP Paribas Financial Markets bought a new position in shares of Firefly Aerospace in the third quarter valued at approximately $26,000. CIBC Private Wealth Group LLC bought a new position in shares of Firefly Aerospace in the third quarter valued at approximately $26,000. KBC Group NV bought a new position in shares of Firefly Aerospace in the first quarter valued at approximately $38,000. California State Teachers Retirement System purchased a new position in Firefly Aerospace in the 4th quarter worth approximately $30,000. Finally, Russell Investments Group Ltd. purchased a new position in Firefly Aerospace in the 4th quarter worth approximately $38,000.

About Firefly Aerospace

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.