Insider Selling: Firefly Aerospace (NASDAQ:FLY) General Counsel Sells 3,765 Shares of Stock

Firefly Aerospace, Inc. (NASDAQ:FLY) General Counsel David Leigh Wheeler sold 3,765 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $45.12, for a total transaction of $169,876.80. Following the completion of the transaction, the general counsel owned 142,758 shares of the company’s stock, valued at $6,441,240.96. The trade was a 2.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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 Price Performance

NASDAQ:FLY traded down $1.38 during mid-day trading on Tuesday, reaching $42.57. The stock had a trading volume of 5,822,842 shares, compared to its average volume of 5,163,210. The stock has a 50-day simple moving average of $32.89 and a two-hundred day simple moving average of $26.36. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.53 and a quick ratio of 2.53. Firefly Aerospace, Inc. has a 12 month low of $16.00 and a 12 month high of $73.80. The stock has a market capitalization of $6.82 billion and a PE ratio of -5.22.

Firefly Aerospace (NASDAQ:FLY) last issued its earnings results on Monday, May 4th. The company reported ($0.46) earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $80.88 million for the quarter. During the same period in the prior year, the business posted ($5.09) EPS. The company’s revenue for the quarter was up 44.8% compared to the same quarter last year. On average, equities analysts anticipate that Firefly Aerospace, Inc. will post -1.81 earnings per share for the current year.

Institutional Investors Weigh In On Firefly Aerospace

Several institutional investors and hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets bought a new position in shares of Firefly Aerospace during the third quarter worth about $26,000. CIBC Private Wealth Group LLC acquired a new stake in Firefly Aerospace during the 3rd quarter valued at approximately $26,000. KBC Group NV bought a new position in Firefly Aerospace during the 1st quarter worth approximately $38,000. California State Teachers Retirement System acquired a new position in shares of Firefly Aerospace in the 4th quarter worth approximately $30,000. Finally, Russell Investments Group Ltd. bought a new stake in shares of Firefly Aerospace in the 4th quarter valued at $38,000.

Wall Street Analyst Weigh In

A number of research firms have issued reports on FLY. UBS Group set a $33.00 target price on Firefly Aerospace in a research report on Thursday, March 12th. Wall Street Zen cut shares of Firefly Aerospace from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. B. Riley Financial began coverage on shares of Firefly Aerospace in a report on Wednesday, May 6th. They set a “buy” rating and a $60.00 price target on the stock. Cantor Fitzgerald dropped their price objective on shares of Firefly Aerospace from $65.00 to $35.00 and set an “overweight” rating for the company in a research note on Thursday, March 26th. Finally, Morgan Stanley raised their target price on shares of Firefly Aerospace from $33.00 to $37.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 5th. Six equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Firefly Aerospace presently has an average rating of “Hold” and an average target price of $40.56.

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.