Richard William Svetkoff Sells 100,000 Shares of Starfighters Space (NYSEAMERICAN:FJET) Stock

Starfighters Space, Inc. (NYSEAMERICAN:FJET) major shareholder Richard William Svetkoff sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $5.46, for a total value of $546,000.00. Following the transaction, the insider directly owned 13,995,000 shares of the company’s stock, valued at approximately $76,412,700. This trade represents a 0.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions 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 transaction 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 Stock Performance

Shares of FJET stock opened at $2.97 on Wednesday. Starfighters Space, Inc. has a 12 month low of $2.93 and a 12 month high of $31.50. The company’s fifty day simple moving average is $4.10 and its 200-day simple moving average is $5.64. The firm has a market cap of $163.35 million and a PE ratio of -3.34. The company has a quick ratio of 11.95, a current ratio of 11.94 and a debt-to-equity ratio of 0.01.

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

Institutional Trading of Starfighters Space

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

Key Starfighters Space News

Here are the key news stories impacting Starfighters Space this week:

• Positive Sentiment: Starfighters Space will participate in the September 12–13 AIRSHO at Midland International Air & Space Port, showcasing a flight-ready Mach 2+ F-104. The appearance could raise the company’s visibility among potential customers, investors and partners in defense, aerospace and high-speed flight research. Starfighters Space AIRSHO announcement
• Positive Sentiment: A company-published commentary highlights Starfighters’ rare position as the operator of nearly all remaining airworthy Mach 2+ Cold War-era jets. That fleet could support demand for hypersonic testing, high-speed defense research and next-generation spaceflight programs, although the article did not announce a new contract or revenue commitment. Mach 2+ aircraft commentary
• Neutral Sentiment: Several institutions, including Goldman Sachs, Cerity Partners, Elevation Point Wealth Partners and Jane Street, reported new positions in Starfighters Space. The purchases may improve institutional awareness, but the disclosed stakes appear relatively small compared with the company’s market capitalization.
• Negative Sentiment: Major shareholder Richard William Svetkoff disclosed a series of historical stock sales, including 13,773 shares at $5.21 and 30,092 shares at $3.95, along with larger sales earlier in the year. Although these transactions reduced his holdings by small percentages and he still owns more than 13 million shares, the continued selling can weigh on sentiment—particularly for a small-cap company whose shares have fallen substantially from their 12-month high. Insider trading report
• Negative Sentiment: Starfighters Space recently reported a quarterly loss of $0.24 per share. With a negative P/E ratio and no new financial guidance or contract disclosed in these reports, investors may remain focused on the company’s ability to convert its specialized aircraft fleet into recurring revenue.

Starfighters Space Company Profile

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.